We as a collective group have talked about 15c2-11 (f)(3) piggy backing and how its not the issuer but the specific stock in question.
What has happened is there has been a reversal in fillings on the piggy back exception and were only a annual financials are required of a foreign issuer to satisfy the requirement's of the over the counter market place.
This is a done deal and any positive assets held will be used in holding a collateral position for further debt down the road for the piggy back security in question held under foreign jurisdiction to the United States.
Create hope were there is little is what the game is about.
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