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Be Wary of Announcements Regarding FINRA "Approval" of a Corporate Action
Companies undergoing a corporate action often issue a press release or other communication, such as a tweet or other social media post, to provide details of the change. For instance, a company might announce a new corporate name that reflects a change in product lines or business focus. However, in the past, some companies have used these publications to suggest that FINRA has somehow "approved" a corporate action or that a corporate action will be effective once FINRA approves it. To clarify, this is not the case: FINRA does not approve corporate actions.!!!!!! $SECI
The de minimis level is 1.0 percent except if the listed toxic chemical is an OSHA-defined carcinogen. ... This de minimis exemption applies solely to mixtures and other trade name products. EPA's long-standing interpretation has been that mixture does not include waste. $BIOAq
Gocongc great find "de minimus " i.e. tiny, puny, small, pocket change, microscopic ETC. ETC." 4 $MILLION- DE MINIMUS " $BIOAq
As they say we will have to agree to disagree.
I will let others read it for themselves and they can make up their own minds, it's there in black and white, share holders can still get a dividend even if the stock stays on the grey sheets. Once again here is the link, http://www.finra.org/investors/highlights/corporate-actions-public-companies-what-you-should-know
Here is the link, look it up http://www.finra.org/investors/highlights/corporate-actions-public-companies-what-you-should-know
Fake Newz..FINRA’s processing function helps to keep investors and the market informed of company corporate actions. However, FINRA is not responsible for approving or disapproving the action the company is taking. And FINRA does not review such requests for a company’s compliance with any federal, state or other regulatory requirements. The public company is responsible for making sure their business decisions comply with all applicable laws and regulations. Took this off their website, did not have time to look it up earlier.
Yes but what we don't know is fraud on who's part?
At this point no one knows for sure why it was suspended, including you.
Kevroc I personally know of a SEC case where the CEO scammed $millions and after years of court room testimony and a lot of back and forth he was fined 300k! You are absolutely right they look at it as cost of during business.
It is still totally plausible that if SECI gets a court settlement the CEO could use the $money to pay out a stock dividend. In that case where the stock is trading or at what price becomes irrelevant.
If CEO did in fact call the SEC to suspend and investigate, then no grey market for SECI. IMO
If I was "short" I would be sweating bullets right about now. I am sure they are praying for another court delay.
Every stock is a gamble including Amazon and 3m, but this one is far from over, check back Oct 9th.
Very good point, I would not want to be short here, at least us longs know the maximum amount we can lose.
It would be very nice to see the list of current BIOAq shareholders, how many shares they own and their buys and sells. It would answer a lot of questions.
BC, Thank You for all your hard work and DD on BIOAq much appreciate! GLTU
Correct the insurance company simply adds the $Billion dollar pay-out to their next premium payment. LOL
Band problem here is that you can not back-up anything you have posted about $BIOAq with FACTS! IMHO
YET!
Little secret just between you and me "Private Companies" are "Private" before they go "Public" BIOAq
Apparently the name "Deepak Dugar" out in "Call & phone ya" (Ex Governor's pronunciation) is like the name "John Smith" out East! Who Knew? $BIOAq
Fake Newz, I suggest you do more DD on BIOAq a whole lot more! mho
Mario..Only people that drive 20 mph on the autobahn of life. imo $BIOAq
Looks like UBS is still looking to purchase more shares of BIOAq, imo
Deepak Dugar noses the truth about BIOAq.
I thought everyone already knew that the bulk of BIOAq assets were in Canada? Guess I was wrong.
BIOAq had nothing in St.Paul but a rented suite.
Canadian BKs are not handled in the US!
US ASSETS NOT CA ASSETS!!
Car, I can see on L2s why people are having trouble buying SECI through Etrade they want $595.00 a share! lol
SECI reminds me of the guy that invented the delay windshield wiper, GM stole his invention and paid him nothing so he sued GM. It took years for the case to be adjudicated, but he finally won the case and GM had to pay him 10s of $Millions.
If delay is for both sides to hammer out a settlement, we may have newz before Oct 5th.
S2 following this board is like being on vacation! I hope it stays that way, fingers crossed.
Nothing was owned in St.Paul they were renting.
S2 it will be great owning stock in a billion dollar backed company with great aggressive management, the new BIOAq shares will look good in my portfolio along with my 3M stock.
Not sure if LCY has a date they want to close by?
Does look like every time PWC has ask for a "STAY" the court has approved it. Not sure if the new stay lasting to Oct 26th would prohibit the discloser of Exhibit R2. My guess is, it would. Don't know if anyone on the board would know for sure one way or the other?
Thanks DC sounds like a great idea, By the way if they were to bid on BIOAq what's your guess the bid would be? GLTU