Pazoo Inc. (PZOO)

[tonyo524]

Absolutely one of the worst 10k's I have ever read. It's criminal the amount of shares they hold as directors. over 2 billion, shaking my head. And even putting some in 4 of his kids names. Damn this CEO is low.

Best thing he could do at this point is raise the as, and market the hell out of this with the fact of getting the licensed approved, then all directors need to take a years pay cut, and retire at least 50 percent of the shares they hold.

Hopefully Finra doesn't approve this disaster of a next r/s.

I also don't see any pending r/s on the Nevada business license so maybe Finra will shoot this one down.

A couple of years ago all you had to do was apply to the state for an r/s and then bamm it was granted. Now Finra has the authority to not approve, because of players such as the Cramers, and reverse splits aren't as easily as they once were.

That is because of a rule 6490 change. Here is some more info on the subject.

Rule 6490 codifies Rule 10b-17 of the Securities Exchange Act of 1934 (“Exchange Act”). The corporate actions in question include name changes, forward stock splits, reverse stock splits, distributions of cash or securities such as dividends, and rights and subscription offerings. Recently, FINRA has begun to use the Rule has as an enforcement tool to deny corporate actions by penny stock issuers accepting capital from known toxic funders. The blacklisted toxic funders have been the subject of recent SEC enforcement actions and Department of Justice Investigations; it is these legal actions that permit FINRA to deny the request from companies that have not themselves been targeted.

https://www.securitieslawyer101.com/2014/finra-uses-rule-6490-stop-wash-rinse-repeat-issuers/

Hope this helps. Have a good weekend.