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Let's be honest - tell me what the float is here according to you? And provide a link for it?
I take that to mean you don't have one since I believe you would put it here for us all to see since the TA report of the website shows 3.25 million free trading.
https://www.buscarcompany.com/corporate-capital-structure
So you are saying you have an email stating that the Float (or free trading shares) is 19 million as of August 14, 2020?
Where is that email you said you had that shows float at 19 milliom not the 3.25 million that the TA's own report shows
https://www.buscarcompany.com/corporate-capital-structure
Sorry you are not correct. Read the conditions as stated from the SEC website:
"These conditions are:
the issuer of the securities has ceased to be a shell company; (met)
the issuer is subject to the reporting requirements of section 13 or 15(d) of the Exchange Act;" (not met)
The Company is non-reporting and therefore not subject to the reporting requirements. They would need to file a new Form 10 to do so.
All shares have a 2 year restrictions since the are non-reporting and were a shell.
Here is the language directly from the SEC (https://www.sec.gov/info/smallbus/secg/rules144-145-secg.htm#:~:text=Under%20the%20amendments%2C%20Rule%20144,unless%20certain%20conditions%20are%20met.)
"Under the amendments, Rule 144 is not available for the resale of securities initially issued by a shell company (reporting or non-reporting) or a former shell company. These securities can be resold only through a resale registration statement, unless certain conditions are met. These conditions are:
the issuer of the securities has ceased to be a shell company;
the issuer is subject to the reporting requirements of section 13 or 15(d) of the Exchange Act;
the issuer has filed all reports and other materials required to be filed by section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K reports; and
one year has elapsed since the issuer has filed current ‘‘Form 10 information’’ with the Commission reflecting its status as an entity that is no longer a shell company.
If these conditions are satisfied, then the securities can be sold subject to all other applicable Rule 144 conditions."
Send the link that shows that for a "non-reporting company that was a shell"
The conditions of Rule 144 can never be met by a non-reporting company that was previously a shell, regardless of the availability of current information on OTC Markets through the OTC Markets alternative reporting standard and regardless of whether the company is currently a shell company or how long it has been since the company was a shell company.
2 year Restriction on shares since the Company is a non-reporting company and was a shell. Since it was a shell Rule 144 is not applicable. Please share a link that shows Rule 144 is applicable to a non-reporting company that was previously a shell.
Rule 144 does not apply to Companies that are non-reporting and were a shell.
That is the case the created the exemption. The is no rule or regulation that allows restrictions to be removed from a non-reporting company that was a shell at some point in its existence. It is a legal construct
The Company was a shell prior to 2015. That is nor correct that the TA is covered by a simple legal opinion. The holding period is 2 years - it is a very simple and VERY SETTLED legal concept
Here is another link to prove that the restriction period is 2 year.
https://law.justia.com/cases/federal/district-courts/FSupp/175/480/1381875/
Can you point out where she is mistaken?
The attorney literally breaks out the case law around this exact issue. Which states the shares have a 2 year restriction period.
Provide a link that shows what this attorney wrote is incorrect so we can see it.
Those shares have a 2 year restrictions whether you like it or not.
First step is daily production and then we can dream from there :)
That is not correct. Once the Company filed its 15-12G S-8 shares no longer are free trading since it requires the company to be a reporting company.
http://lawcast.com/2015/06/23/section-4a1-4a1%C2%BD-exemption-recommendations-amendment-rule-144-related-shell-companies/
That is not correct. The current status does not matter since they are a non-reporting company and they were a shell previous. As such, Rule 144 has not applied to such companies since 2008 (12 years ago)
The conditions of Rule 144 can never be met by a non-reporting company, regardless of the availability of current information on OTC Markets through the OTC Markets alternative reporting standard and regardless of whether the company is currently a shell company or how long it has been since the company was a shell company.
http://lawcast.com/2015/06/23/section-4a1-4a1%C2%BD-exemption-recommendations-amendment-rule-144-related-shell-companies/
2 Year Restrictions. The opinion letter can be written in 2 years to remove the restrictions of their shares. Only the TA can remove the restrictions.
Read link below:
http://lawcast.com/2015/06/23/section-4a1-4a1%C2%BD-exemption-recommendations-amendment-rule-144-related-shell-companies/
All shares have 2 year holding period - which means those are restricted for 2 years.
http://lawcast.com/2015/06/23/section-4a1-4a1%C2%BD-exemption-recommendations-amendment-rule-144-related-shell-companies/
LOL!!!
Yea it is on their milestone page too. https://www.buscarcompany.com/milestones
Those shares are restricted for 2 years.
Can't wait to see the production started and then the growth.
Yep and seems like there is a lot more around the area as well. Thomas was talking about that in the Podcast.
Once again bring up unrelated companies.
3.25 million Float also confirmed by the DTC Position Report.
https://www.buscarcompany.com/dtc-security-postion-reports
3.2 million in the Float. It is nice to be able to see the Transfer Agents report:
https://www.buscarcompany.com/corporate-capital-structure
Listen to the Podcasts and listen directly from Thomas the Company's President
https://www.buscarcompany.com/podcast
Just look at the size of those and the map shows its close by
https://www.buscarcompany.com/forum/general-discussions/ruby-mine-next-to-treasure-canyon-lode
That is a totally different company that Erik Nelson is the CEO of. Where is that email about the float from this company's transfer agent?
Look at the size of the gold nuggets from a mine next to Buscar's.
https://www.buscarcompany.com/forum/general-discussions/ruby-mine-next-to-treasure-canyon-lode
Where is your proof that two people with different last names are the same person?
You can see the email from TA here,
https://www.buscarcompany.com/forum/general-discussions/current-float-and-outstanding
The TA report shows everything. 3,254,990 in Float
8/14/2020 TA Report.
Read the TA - https://www.buscarcompany.com/corporate-capital-structure
8/14/2020 TA Report.
Read the TA - https://www.buscarcompany.com/corporate-capital-structure
We have. The TA report verify. The float is 3,254,990.
https://www.buscarcompany.com/corporate-capital-structure
Post your email you said you got
Fact is 3,254,990 shares in Float
https://www.buscarcompany.com/corporate-capital-structure