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I totally agree with you! Good assessment.
I also found this on Nasdaq site.
5110. Change of Control, Bankruptcy and Liquidation, and Reverse Mergers
(a) Business Combinations with non-Nasdaq Entities Resulting in a Change of Control
A Company must apply for initial listing in connection with a transaction whereby the Company combines with a non-Nasdaq entity, resulting in a change of control of the Company and potentially allowing the non-Nasdaq entity to obtain a Nasdaq Listing. In determining whether a change of control has occurred, Nasdaq shall consider all relevant factors including, but not limited to, changes in the management, board of directors, voting power, ownership, and financial structure of the Company. Nasdaq shall also consider the nature of the businesses and the relative size of the Nasdaq Company and non-Nasdaq entity. The Company must submit an application for the post-transaction entity with sufficient time to allow Nasdaq to complete its review before the transaction is completed. If the Company's application for initial listing has not been approved prior to consummation of the transaction, Nasdaq will issue a Staff Delisting Determination and begin delisting proceedings pursuant to the Rule 5800 Series.
Sounds harder to R/M on Nasdaq than Pinksheets.
From Nasdaq website:
http://nasdaq.cchwallstreet.com/NASDAQTools/PlatformViewer.asp?selectednode=chp_1_1_4_3_3_4&manual=%2Fnasdaq%2Fmain%2Fnasdaq-equityrules%2F
(c) Reverse Mergers
(1) A Company that is formed by a Reverse Merger (a "Reverse Merger Company") shall be eligible to submit an application for initial listing only if the combined entity has, immediately preceding the filing of the initial listing application:
(A) traded for at least one year in the U.S. over-the-counter market, on another national securities exchange, or on a regulated foreign exchange, following the filing with the Commission or Other Regulatory Authority of all required information about the transaction, including audited financial statements for the combined entity; and
(B) maintained a closing price of $4 per share or higher for a sustained period of time, but in no event for less than 30 of the most recent 60 trading days.
(2) In addition to satisfying all of Nasdaq's other initial listing requirements, a Reverse Merger Company will only be approved for listing if, at the time of approval, it has:
(A) timely filed all required periodic financial reports with the Commission or Other Regulatory Authority (Forms 10-Q, 10-K or 20-F) for the prior year, including at least one annual report. The annual report must contain audited financial statements for a full fiscal year commencing after filing the information described in paragraph (1)(A) above; and
(B) maintained a closing price of $4 per share or higher for a sustained period of time, but in no event for less than 30 of the most recent 60 trading days prior to approval.
(3) A Reverse Merger Company will not be subject to the requirements of this Rule 5110(c) if, in connection with its listing, it completes a firm commitment underwritten public offering where the gross proceeds to the Reverse Merger Company will be at least $40 million. In addition, a Reverse Merger Company will no longer be subject to the requirements of this Rule 5110(c) once it has satisfied the one-year trading requirement contained in paragraph (1)(A) above and has filed at least four annual reports with the Commission or Other Regulatory Authority containing all required audited financial statements for a full fiscal year commencing after filing the information described in that paragraph. In either case described in this paragraph (3), the Reverse Merger Company must satisfy all applicable requirements for initial listing, including the minimum price requirement and the requirement contained in Rule 5210(e) that the Company not be delinquent in its filing obligation with the Commission or Other Regulatory Authority.
Agreed! Thank you Floridany for not only turning us on to DOLV in the beginning, but also continuing to fuel the rocket.
News tomorrow = new Mercedes... or... News next week = new Mercedes.
Either way DOLV wins!!!
GREEN AGAIN!!!
Interest in DOLV is STILL RED HOT. You will quickly regret dumping your shares. IMO
My account is in buy a Mercedes range... Thank you to all of the seasoned board members who told us to buy and hold.
Is this a similar situation to OWCP
HOW ABOUT A ROUND OF THANKS TO FLORIDANY!!!!
OWCP SECENARIO REPEAT?
I found this on the SEC site..
Be especially cautious regarding stock promotions if there are any warning signs of microcap fraud including:
- The SEC suspended public trading of the security or other securities promoted by the same promoter. NOT YET
- Increase in stock price or trading volume linked to promotional activity. CHECK
- Press releases or promotional activity announcing events that ultimately do not happen (e.g., contracts expected to produce revenue that never get finalized). CHECK
No real business operations (little or no assets; minimal revenues; false press releases). CHECK
Company issues a lot of shares without a corresponding increase in the company’s assets. CHECK
Frequent change in company name or type of business. CHECK
OH SCHITT!! I'M A LOYAL INVESTOR
Open post to ISBG management... Please shut up with the tweets and patently false statements. Most of your "loyal shareholders" are actually angry bagholders. You are not good at remembering what you said or promised five minutes ago, so PLEASE, FOR THE LOVE OF GOD, stop giving out case and sales numbers and tweeting about how you feel today and how angry you are over some posters here. If really want to make loyal shareholders then post actual news, like a signed distribution contract, or some audited financials.
UHHHH, So much fun what? WAMU, LEH, Circuit City, Rjet, Kmart, it's not a rule but as far as I have seen as soon as the reorg plan is filed I make money. I don't think that I will ever see a dollar or even see my shares survive bankruptcy. As a matter of fact, as soon as we get near 20 cents they wont even be my shares anymore. You can act all weird and ominous if you like but I'm usually right (IMHO).
Same as any other BK stock. They always bounce on misinformation and confusion. Why do you think it bounced back from 6 cents.
IMHO.This will hit at least .20 cents before it gets cancelled. Look at RJET.
I was thinking .20 cents, but I like your numbers better.
Agreed. Plus, as another poster noted, the dot killer for Oranoxis seemed to be a difference in Wang's signature, and as the same poster noted, maybe Wang has two different signatures. Either way I believe we are in for a treat.
I think you are right. Most of the hesitation with this stock comes from belief that ISBG wouldn't come through. But this new contract and whatever new surprise Mgmt is eluding to makes this a winner. How many pennies are going to do this or going to sell that, ISBG has a real product that has real sales. Not a penny for long IMHO.
I was a little worried, but ISBG came through like a champ!!!
NICE!!!!!!
Total burnt flip-turds. Yay
While doing DD has anyone seen Wangs signature?