City Capital Corp. (CTCC)

[apprenante]

CTCC CONVERSION TO STEP? READ AND CONSIDER THIS!
This what must happen BEFORE anyone can trade STEP shares.

Once a corporation has been vetted and approved for trading either by FINRA or by the SEC, the corporation must also submit an application to DTC for its initial eligibility to trade. If eligibility is granted, DTC will agree to hold an inventory of the corporation’s free-trading street name shares on deposit. These are the shares that will become the “float”, those shares that are free-trading AND held at DTC. There is currently no other depository that carries an inventory for clearing and settlement of publicly traded shares...

A clean presentation for a reporting OTCBB or PinkSheet company to become FAST for the first time can be very slow. Issues that will quicken the process are:
a) not only being reporting but not missing or being late with any reports
b) having very few name changes or reverse splits in the last 5 years
c) having no people associated with the company that have ever been under investigation
d) having no record of being involved in a spam campaign, pump and dump scheme, or other fraudulent activities through the years that would raise AML or OFAC issues
e) having no record of unregistered resales at brokerages - especially among the affiliates of the company...

NOTE: Wording was not changed; however to emphasize the alphabetic items, I put each item on a separate line. Here is a link to the source information:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72123740

This is a looooong process:
1) First the corporation (STEP) must apply to and be vetted by either FINRA or the SEC.
2) The corporation (STEP) must apply to DTC for its initial eligibility to trade.
3) DTC will inventory corporation’s free-trading street name shares on deposit.

...However, DTCC retains the right to deny a company the ability to use their depository without providing a reason for this denial or an appeal procedure to redress grievances or wrongs. The company can still present an appeal but the appeal will not follow a specific procedure or necessitate a response from DTCC. For this reason, before a company applies for initial eligibility, they must have a clean presentation that includes, not only the effective registration, but also can include full disclosure of the provenance of all shares that will be initially deposited as free-trading shares.

I believe that the following issues prohibit CTCC from morphing into STEP:
a) CTCC has not been a reporting company since Ephran Taylor’s purview in 2010.
b) Lags in SEC filings for CTCC
c) Lags in Nevada paperwork for both CTCC AND STEP
d) Ephran Taylor has been/ is being sued in several states
e) As recently as October 2011, two former CEOs (Jeffrey Smuda, Ephren Taylor) and CTCC are all being sued in North Carolina for being involved in a Ponzi scheme
f) Because of CTCC's baggage, STEP does NOT have a clean presentation
g) The last full provenance of CTCC shares was in 2010
There is no complete record from 2010 through the present time of shares belonging to Ephran Taylor, Jeffrey Smuda, or Donald MacIntyre. There has been NO reporting of how many shares any of these CEOs owned or of what happened to those shares after the first two CEOs left CTCC.

Therefore, it is entirely possible that the conversion to STEP will NEVER be approved!