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Re: zeekhoe post# 133405

Monday, 06/22/2015 10:59:26 AM

Monday, June 22, 2015 10:59:26 AM

Post# of 163725
Actually that may prove to be more problematic than just the recent denials for 'companies' that are tied to toxic financing.

When a stock R\S they are given a new CUSIP number, which in effect might as well be an entirely new company as the old shares are converted to the new number (also why these splits take so long to adjust in the various brokerage accounts).

The problem here is MTVX doesn't even have a dedicated MM since they never bothered to file a 211 due to their apathy, incompetence or intentionality. It's unknown to me if they could even request a split under those circumstances. Nevertheless they would certainly have to get a MM to sponsor them under a post split scenario and with the current SEC violations, the absurd SS and myriad of other issues it would be tough sledding.

But that's just one obstacle they would face. FINRA has a whole litany of requirements that they would be hard pressed to meet.
Here's a good read on 'going dark\darker', R\S et. al:

http://www.slk-law.com/portalresource/lookup/wosid/cp-base-4-5702/media.name=/GCY%20&%20WAB.Feb.%202010%20The%20Practical%20Lawyer%5B1%5D.pdf

Honestly, I think they capitulated some time ago. They stuck it to shareholders with grandiose claims and lied about their intentions, skewered their numbers (actual\potential) to draw in attention, allowed IR\Dragonchow to recoup and prosper at their expense, let Shyster and others reap a whirlwind and then just left it all for dead.

I would expect the silence to continue.