Auri Inc (AURI)

[#1_USA_DEPLORABLE]

Buyers of shells who intend to reverse-merge their private companies into those shells naturally want to change the name and ticker of their newly-acquired public company to reflect its new business. In order to do that, they must make a corporate action request to FINRA. So far, only Sunset Suits, one of the first two companies Tracy took control of in Nevada, has done that. Tracy obviously found new buyers very quickly: he was granted custodianship on January 4, 2016, and reinstated Sunset’s corporate charter on 28 January. The company’s name and ticker were changed to Honsen Energy & Resources International Limited and HSEN on July 6, 2016. HSEN has been making disclosure at OTC Markets. On Monday, October 24, the company’s stock split 1:100; the company has made no announcement about the reasons for the split.
Sooner or later, there will be more symbol and name changes for Tracy’s shells, and more reverse splits. While some buyers will be ordinary business people looking to go public on the cheap, others will no doubt use their new shells for pump and dumps and other manipulations the SEC says it deplores.

Rings a little like "lucky Lindy" and Vakser over on TDEY, the above was excerpted from---Attorney Adam Tracy & the Nefarious World of Custodianship Shells
Posted on November 14, 2016 by Brenda Hamilton, Securities and Going Public Lawyer"