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Re: Quintessence post# 845

Monday, 08/15/2016 4:04:53 PM

Monday, August 15, 2016 4:04:53 PM

Post# of 7894
Still on, ffin is done deal regardless and should know more Dec latest. Holding here!!
"Currently we anticipate FFIN will submit a new application to FINRA, but there is no guarantee that it will do so. If FFIN determines to reapply for broker-dealer registration, we anticipate it would do so before the end of calendar 2016. In addition to FINRA membership and SEC licensure, FFIN would also be required to comply with the state securities licensure requirements.

We continue to work toward successful completion of the acquisition of Freedom RU, and its wholly-owned subsidiary Freedom KZ, and Freedom CY. The acquisition of Freedom RU and Freedom CY are separate transactions that are not interdependent, so we may acquire either, both or none of such companies. The acquisition of the Freedom Companies is also not contingent upon FFIN’s decision whether to pursue licensure to operate as a broker-dealer in the U.S., or whether FFIN is ultimately successful in becoming a U.S. registered broker-dealer in the event it elects to pursue such licensure. In the event FFIN elects not to pursue licensure, or if it is ultimately unsuccessful in obtaining licensure if pursued, we anticipate the Freedom Companies would continue to provide their clients access to the U.S. markets in the same manner they do currently."

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