InvestorsHub Logo
Followers 3
Posts 111
Boards Moderated 0
Alias Born 10/09/2013

Re: WestTexas post# 1078

Tuesday, 05/09/2017 5:19:22 PM

Tuesday, May 09, 2017 5:19:22 PM

Post# of 2436
I hate to burst bubbles, but...

Actually the registration of GNBA was "Revoked", not suspended.
So (according to SEC), at a minimum Form10 (Stock registration) would have to be filed, possibly followed by a subsequent S1.

See:
" ...Several recent cases suggest the SEC is now recommending that issuers who want to make things right should accept revocation, and then ***get two years of audited filings in order*** and file a new Form 10"
http://promotionstocksecrets.com/the-sec-just-suspended-my-stock-now-what/

The IPO Road Less Traveled: Form 10:
http://www.biotech-now.org/wp-content/uploads/2013/02/2013-2-21-Form10.jpg

Form S-1 vs. Form 10- What’s the Difference?
- In short, a Form 10 is used to register a class of securities (ex. common)... while the Form S-1 is used to register specific shares of the company or its ***current shareholders shares*** for sale/resale.

- Filing a Form 10 does not “take you public.” A Form S-1 would have to be filed following the Form 10 if you want to ***register specific shares for investors***

https://slgsecurities.wordpress.com/2012/12/18/form-s-1-vs-form-10-whats-the-difference/


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.