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Getting current was a necessity...not the main event. Keep an eye out for an 8K announcing new CEO.
10x volume but only 2% of float. Lots of shares locked up for much higher gains. My target is 1.50
OTC has its own requirements(and fees) They won't get the Pink/current until they pay their dues. You can be Pink/Current and Form 15 dark. Lazar started filing with SEC(even his dark tickers) when he wins custody about a year ago. No doubt he will satisfy OTC soon though(or its new owner will)
I'm more interested in seeing some changes at SOS and an 8K, that will be real news.
Remember, those filings are with the SEC, not OTC. They won't be current until they drop OTC updates..(SEC is more important though since they are the guys who do the suspending)
$OODH moving up on new CEO spotting on OTCM.
According to twits, a new CEO just got updated on OTC...Tom Lull
nope, tickers get a demotion to grey or expmkt, they don't get revoked. It will cost them to move back up though. Actually getting a ticker revoked is a whole other process.
This is nothing new. SEC has been suspending tickers in bulk for years(usually in February). They just change the rules so they didn't have to wait so long to do it.
nice volume today...odd how ihub doesn't show any of it...
The judges obligations concerning corporate entities are supposed to have him considering the shareholders. How he can suggest he is helping shareholders by killing off a corporate entity takes some serious control freak twisted morals.(morals you fabricate for yourself are not morals)
Its a black eye for DE as a desirable corp. destination. Used to be DE was desired for its legal bedrock leading to quick and predictable settlements. The mess this judge is making is indicative that DE's historically stable legal history may not be reliable anymore. The money spent incorporating there may not get you what it used to.
A court ordered update(every 6 months) is due this month, keep an eye on court docket.
He terminated to get out from under the courts thumb, doesn't mean he had a deal cut with anyone. When he transfers control block you will know he cut a deal.
yea....I got nothin...OH! wait!...That's why their called CE...Os! ...I'll let myself out.
Funny how it always takes a "fraud" to point out the 9000lb pink he/she/it SJW in the room. BLLB has a CE label because the OTCM thinks they are behaving like a scam. the very fact Kim has not discussed the OTCM's concerns with shareholders is EXACTLY the behavior that will support the OTCM's suspicions.
It is not for the OTC to divulge such information about the company, the CE label is their only way of warning traders. They will continue to warn traders until their suspicions are addressed, no amount of lawyer letters will change that evidently.
How you interpret what was said and by whom is a little different for different companies. What SEC says are actual rules, SEC says you have to have accurate public dissemination by Sept 30 or be suspended and brought back after the suspension on the grey or EXPMkt.(this isn't really new, just happens faster now with these rules)
The OTC simply warned the process is time consuming and you should get in line by June. This is the part that some companies have no real issue with. They are not delinquent by a measure of years but, only a quarter or two. For them the process would not take that long.
If a company is trying to get current and has changed hands, has lost records(several years worth). They will be at risk of not meeting that deadline if they are not in process early enough.(they could be in communication with SEC though and still avoid suspension, it is an SEC decision, not an OTC one.)
They will get a 2 week suspension and come back up on grey or ExpMkt. This is not a death knell. It simply means they have to jump through some more expensive hoops to get a MM to back them again.
How it is decided where they fall, Grey or ExpMkt, I am not aware of. ExpMkt is a new thing started in 2019 I think.
As stated earlier, not relevant here. BLLB is already Pink Current. The CE is not related to filings and the CE is not a SEC issue, its an OTC issue.
and its wrong...the SEC deadline is SEPTEMBER. The OTC suggested companies be "in process" by June to meet the sept deadline. The OTC expects their slow asses to take 2 months to process the request.
They are Pink/Current according to the OTC so, there is no deadline. CE is not an SEC issue.
It is already effectively ExpMkt since most brokers won't let you trade.
NV SOS is most likely place to find something first. SEC EDGAR filing might happen same time as everyone is trying to appease SEC lately.
...they reduced the number of shares they were going to add...LOL
If they keep everything current and stay out of grey or ExpMkt until they get this shadow exposed, trading would resume as soon as the brokers let it. Remember the "we won't trade CE" thing is a retail broker decision. Anyone not tied to using them directly can continue to trade it.
and that's the mystery...why did a company who is still in business cast off its ticker which is now toxic? What happened back then? Did something happen back then that is still polluting the waters now?
The funny thing is...that BBQ company still exist (https://bellbucklecompanystore.com)
Why is this ticker no longer associated with them?
Time is irrelevant, it has nothing to do with filings. The OTC is accusing the company of something and to date nothing has convinced them they are wrong. The company has either done something, failed to do something or there is someone involved the OTC is suspicious of.
OTC Markets:
Caveat Emptor
Buyer Beware. OTC Markets Group has determined that there is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions.
This is your "Red Flag"...
All of the elements associated therewith are in place and we'll commence as soon as the Caveat is removed.
Just wasn't the Lazar pick the pumpers wanted to push. The float is too small for them to front load without running the price up, so they move on.
Everyone makes the same mistake, you cannot meet up-list requirements by RSing. An RS does not add value to anything and just raising your PPS for a month doesn't fool anyone.
If you are already satisfying the requirements for up-listing, you don't need an RS, your PPS will follow your true value.
99% of all RS's are done to make room to dilute. They serve no other practical function, especially in the OTC Market.
I can understand the confusion, after all, the government loses money year after year and it never goes away...
gof just has a lot more cheerleaders because there are many more shares available. It also has two popular names involved so they feel they can't lose either way.
HRAA is tight and will be pushing a $1 if the new owners attract attention.
SEC deadline is SEPTEMBER! The OTC suggested everyone should be in process by June because of the huge backlog and processing time.
ZYRX Control handed over;
On April 14, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director.
On April 14, 2021, Mr. Wan Nyuk Ming consented to act as the new Chairman and a member of the Board of Directors of the Company; Mr. Ng Chian Yin consented to act as Managing Director (MD) and a member of the Board of Directors of the Company; Mr. Jeffrey Wong Kah Mun consented to act as the new Chief Executive Officer (CEO) and a member of the Board of Directors of the Company.
Is this tied up in DE court with SNRY too?
Who woke this up?
Caviar Emporium...or if your a pessimist..Caveat Emptor...Latin for "buyer beware"
This is one of the plays that really points out how little influence hub members and other SocMeds have. The big fish don't waste their time with SocMed unless they are running a scam.
SocMeds are always surprised when something moves suddenly.
Damn! turn away for a sec and all hell breaks loose!
Interesting...nobody talking...makes todays move very interesting..
Just something he thought up in the bathroom one day...