What a Professional Mr Horn is. Name Change and RS 1-10 should be this month now that he went back and fixed old managements mistakes by filing this Annual Report from 2009! $SMHS is going to be a fantastic company with a tiny SS and great Management. Looking forward to 2018!
On July 7, 2010, Smart Holdings, Inc. (the "Company") filed a Form 15 with the Securities and Exchange Commission ("SEC"), terminating its reporting obligations with the Securities and Exchange Commission ("SEC"). On that date, the Company was delinquent in filing this Form 10-K Annual Report for the year ended December 31, 2009, and the Form 10-Q for the quarter ended March 31, 2010.
On August 3, 2017, the Company's new management (See "Subsequent Events" in Item 1 herein), changed the Company's corporate name in Nevada to SStartrade Tech, Inc., and authorized a 1-for-10 reverse split of its 995,098,061 issued and outstanding common shares as of that date. The Company then submitted its request to FINRA, to announce a new trading symbol and the reverse split.
However, FINRA has not announced the new symbol or the reverse split, because their initial reply to the Company's request stated that they will not announce either the new symbol or the reverse split, because the Company was delinquent in its SEC filings when it filed the Form 15. The Company's new management has disagreed with FINRA's initial reply, basically because the Company is not now and might never become a SEC-reporting issuer again, and therefore it should not have to file delinquent reports with the SEC. Moreover, FINRA announced a 1-for-90 reverse split for the Company in 2012, when it had not filed the same Form 10-K and Form-10-Q it cited in FINRA’s initial reply.
While the Company awaits a final decision from FINRA, the Company's management had authorized the filing of this Form 10-K Annual Report for the year ended December 31, 2009, and the Form 10-Q for the quarter ended March 31, 2010, so that, retrospectively, the Company will be current in its SEC filings as of July 7, 2010, when it filed the Form 15 to terminate its SEC reporting obligations.
