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SOLI took the steps to get rid of illegally issued shares. They cleaned everything up.
Very big win for SOLI and shareholders. 12.6 million share reduction.
Agreed. It is the Sponsoring Market Makers money and reputation. I'm sure they did their homework before submitting the form 211.
How do you know what financial review or audit SOLI did on CareClix?
And their Share Structure was just updated on OTC Markets page showing no change in AS, OS or Restricted.
And the Sponsoring Market Maker who submitted the form 211 must also believe in SOLI. A sponsoring market maker submits a form 211 without any compensation by the company. All the expense is on the sponsoring market maker.... they must believe in SOLI
I am not sure what you mean by "the whole story"?
The whole story is detailed in SOLI filings and 8Ks.
They have become fully audited, acquired CareClix and won law suit and reduced OS by 12.6 million.
Yes they became fully audited and cleaned out the closet.
What don't you think isn't legitimate?
Facts do speak louder than opinions.
People can have their own opinions but not their own facts.
Again, just your opinion.. not fact.
I guess everyone has their opinion on the pros and cons of using a grey sheet stock.
So far SOLI is doing fine...
- became fully audited
- acquired a company ( CareClix ) in a very hot sector- Telemedicine.
- reduced the OS by 12.6 million shares.
- got a sponsoring Market Maker to file the form 211
- raised $3million in funds
SOLI for the win.
Your definition of "uplisting" is different than mine.
If a ticker moves to a better trading platform ( Greys to Pink, or Greys to OTCQB) I consider it as an uplist.
Second, they are only delinquent on filing the Q and they have communicated why.
I think it is best to separate opinions from facts. Some posts contain very strong opinions that one could mistake as a fact when it is not even close to factual.
I wouldn't want anyone to get mislead.
So it is your opinion that SOLI won't uplist (come off the greys)?
I just want to separate opinion from fact.
Do some DD. It isn't hard to get.
Well the facts just don't support that theory. LOL
Your right...no change.
FYI when I spoke to the TA about their process they said they send the updates on Wednesday and it reflects the previous days date.
SOLI for the win.
We post facts to combat misleading, factless accusations.
SOLI for the win.
SOLI has NOT given 3 different versions of why the Q is late:
-From the form 12b-25; due to the acquisition of assets during the quarter and the closing of a convertible note offering
-From the 8/21 8K: (1) a determination whether the issuance of convertible promissory notes during the quarter included a derivative element or a beneficial conversion feature requiring specialized and complex accounting determinations and (2) determining whether the acquisition of certain assets of KB Medical Systems, LLC, completed during the quarter, should be accounted for as an acquisition of assets or as a business combination under applicable accounting guidelines.
-From the 8/27 8K: Registrant still has not been able to resolve all of the complex issues relating to a recent asset acquisition and the issuance of convertible debt.
So it is all related to the acquisition of KB Medical assets and convertible offering.
The story has NOY changed.
I've done my research and there is no pump and dump here.
In fact, SOLI recently reduced the OS by 12.6 million shares after they won the law suit regarding illegally issued shares.
SOLI for the win.
Greys are great that way.
You make me feel bad with my $.001s
You have never been a fit citizen. LOL
Definitely a judgement call. Surprised there wasn't a warning. How long is the 20 posts per day for?
Is that a new rule or a variable rule of convenience?
Your DD and analysis is great. Keep it up.
What is your point on the 10-12G? The last amendment was submitted on 12/13/2018 and it has been accepted.
What is your point on S-X fins?
We know the form 211 was submitted around 4 weeks ago. So based on your post, what does that mean?
In my conversations with FINRA, there is no set time for processing a Form 211. Each situation is separate and unique they said.
SOLI for the win.
Then why is the form 211 still open as of this morning as reported by TBO51?
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TB0511 Tuesday, 08/27/19 10:41:37 AM
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of 25209
For what it's worth, I just called FINRA, (240) 386-5100 and spoke with Ashleigh. She confirmed that the 211 is still OPEN.
Nice buy threewheeler! I agree we will see a 10-20 bagger here quickly.
SOLI for the win.
So a person who admits to no accounting knowledge is calling the accountants/lawyers "mentally-challenged"?
I will make one last point and not take this conversation any further:
I give SOLI the benefit of doubt given their track record and feel their accountants and lawyers will resolve this soon. I am not jumping to conclusions of the company "lying".
SOLI for the win.
I'm sure with your extensive accounting background you know how simple the issues/questions they are facing are.
I go by what the company says and look at their track record to analyze the probabilities.
SOLI for the win.
I am not sure how you came to the conclusion the company is "lying".
The last 8k said "Registrant believes it has now resolved these complex issues".
The key word is "believes". Maybe the accountant and/or lawyer had an additional question(s) about how to account for the acquisition or conversion?
Until this point the company has hit every target/date they set forth. Their track record speaks for it's self. I believe the complex accounting questions have held this up.
SOLI for the win.
Dirty shells get cleaned up and get reused all the time by good people.
NRPI new managemnt submitted all of their filings. Their attorney letter has been signed off by an SEC Attorney who conducted interviews with the accounts and management.
That is good enough for me.
Their filings aren't fact?
That's like saying an shell company that has a checkered past can never be used again because the previous management abused it. It can never be sold and have new good management.
That is totally absurd.
You know what they say: " you can lead a horse to water but you can't make him understand facts"
Here are some facts for you:
- NRPI has a new management: new president and company directors.
- the new management got all of their filings up to date over the last year.
-the new management got the CE removed after getting all of their filings up to date.
-the new management is in the process of acquiring Rare Metals and Gems, LLC.
Facts are facts. There aren't any half facts or partial facts ( like being half pregnant). LOL