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How? Can you dispute it with a link to regulations?
No I did not.. Entity disolved. Period.
Do you know which state was this corporation registered in? We could check the history.
However.. Your post indicates that there was a name change. That or ownership change is possible in inactive entity.
Dissolution is different.
So far I have not been able to find a regulation regarding reintatement or revival of a dissolved corporation in the State of Nevada.
It's different if your entity status defaults due to missed annual filing or fee payment. There are hundreds of entities operating under innactive status because of that reason.
Valuntary dissolution is adopted by the voting shareholders. It is final.
That is my understanding.
Reverse merger into what? A non-existing entity?
Please let me know if you remember the ticker. I am very interested to see what happened.
I don't see how it would apply since the 'public shell' definition doesn't encompass dissolved corporation. It specifically states that even if all assets are sold it must remain alive for possible merger..
That's what I see.. A shell of a corporation that liquidated assets in UCC sale last month and dissolved yesterday.
I was addressing SoTS filing, I believe. Not Mr. Roche's plans to which I am not privy to.
What I do know is that you cannot merge or consolidate non-existant assets of a corporation that dissolves and chooses to no longer exist.
The entire sentence from that P/R:
"The Company's current understanding is that Roche Enterprises intends to operate the rVue business using the assets acquired in the UCC sale, through a new entity under its sole ownership."
My interpretation is that Roche Enterprises intent is to be a sole owner of the new entity.
rVue Holdings, Inc. no longer exists as one. It dissolved.
I would like to ask you to read my entire post and acknowledge my focus on facts, not theories.
I knew this sentence would bite me in the behind, so much for that ..lol
I am actually very curious to learn what Mr. Roche's motivations were..
None taken.. You are asking to stipulate on what Mr. Roche's reasoning was for taking those steps.
I have a full respect for Mr. Roche's business tactics and will not question his decisions.
(Maybe he needed losses to offset gains from other ventures? Who knows.. I am not trying to guess)
I am driven by supported FACTS in my reasoning. And what I see is a corporation selling all assets for the debt, winding down operations and voluntarily dissolving the business entity with the Sec of the State.
Then Mr. Roche would be best to answer that.
I only see filing the Articles of Dissolution with the NV Secretary of the State, not the Articles of Merger followed by the dissolution as implied by paul scary's simple DD.
http://nvsos.gov/sos/home/showdocument?id=1105
My understanding is that a merger process involves transfers of assets and assumption of liabilities. After which the corporation dissolves and the acquiring corporation continues on.
Since this entity had already disposed of all, stopped operating as a business.... what was merged?
Thank you, but this article addressed involuntary dissolution.
..Not dissolution by a corporation which disposes of it's assets and ceases operations.
Do you have a link to this regulation?
That's an amazing update!! Thank you Floridany!!
That's weird, you must have been somewhere behind THEASSASIN in line for the taking..
Thanks! It's most likely on auto-renewal.. Can you provide a link?
That will bring serious investors into this pot of gold.. Providing the current name/ticker and confirming legitimacy of the merger on a government regulated business registration site?
We are more GOLDEN day by day! Excellent find xlogit3k!
$DOLV/$JBMY
Fantastic compilation! Thanks DJ!
$DOLV/$JBMY
Looking great right from the start!! With the stop sign gone she's currently looking rosy!!
Technically ... I agree.. Practically... It costs probably about 500-750 bucks annualy to maintain the entity/shell open but dormant. (SOTS annual report fees and zero tax returns).
Why would anyone in their right mind walk away from this treasure chest of tax savings by dissolving it ...if there is a way to preserve it?
Nol offsets income\profits directly. So essentially tax savings all the way till its gets used.
Only difference might be state(s) sourced revenues. Some will only allow certain % of income to be reduced by the NOL. They might also have different NOL carryforward/expiration dates.
Still there..
Finra was busy with ticker changes this morning..
Lunch time is over! Back to work Finra peeps!!
News must be coming..!! She's proven again that her wheels keep turning regardless of the iHub noise.
IF there was a cancelation of debt... It would reduce the NOL to the extent of debt..if elected as such. We don't have the financial details of the sale transaction nor all the balances to calculate insolvency.
You can't transfer NOL from an entity to the shareholder. RVUE elected carryforward on the 2016 tax return. 2017 even if short year is not even due yet.
I wonder if he has an assistant who's capable (and privileged) to answer some of the questions. I can't imagine doesn't delegate some of the footwork to other(s).
Even better!!
Pretty sure the article (and the writer) have been vetted by the major news sites this is being distributed through.
That should put a few at rest that JB&ZJMY is a EV car company..
Thanks Ilhabella777!
Thank you so much for this update! Do you know what kind of math error required correction and subsequent review?
(In all honesty.. I dont have the means at the moment to review it myself).
I only spotted change of the signature date and cosmetic change to the header on pg 12 (from 'Year Ended' to 'Quarter Ended').
Linkee, please?
Bravo! Thank you BobDude!!
This needs to pounded over few peoples head. Lol..
Yeah.. and with the S/T gain tax I suspect this might have not been such a lucrative transaction.
Doesn't then this (nit mandatory) reporting prove legitimacy and clear disclosure of the entity to conform to the clean requirements? Open and honest IMO..