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Re: jerseyfish post# 80737

Sunday, 02/26/2017 4:14:41 PM

Sunday, February 26, 2017 4:14:41 PM

Post# of 100672
No, you're wrong. The SEC is very clear. If it happened - which it has NOT - Jerry would have to report it within 4 business days.

The thrice delayed "Lily Li" transaction is claimed to be a change of control. She is (supposedly) buying a controlling stake through Jerry's "A" shares.

At least, that's the lie Jerry's been telling.

The SEC is very clear on what must be announced through an 8-K filing. I suggest you research the issue.

Here's a good place to start:

https://www.sec.gov/answers/form8k.htm

public companies must report certain material corporate events on a more current basis. Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should know about.

The instructions for Form 8-K describe the types of events that trigger a public company's obligation to file a current report, including any of the following :

Section 5 Corporate Governance and Management
Item 5.01 Changes in Control of Registrant

It's really not complicated.