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Rstar, I agree that the 10K needs to be out tomorrow and they could file an extension for the 10Q.
I only expect a modest gain in revenue for in the 10K ( the MAXIS deal wasn't PR'd unitl 12/3/19 and Trapollo, Chile and CoreChoice deals didn't happen until Q1).
But I do expect a good bump in revenue in Q1 and a fantastic Q2.
I agree that a pump by the company was non existent.
You are wrong. Glendale is up to date on everything.
What do you want a certified mail receipt?
Both thoughtpower and I posted we spoke to Glendale who confirmed a 211 has been filed.
There is no reason for Glendale to lie.
I think we are past that now. We mistakenly got suspended by the SEC, already served the 10 suspension, and now have a form 211 submitted to get uplisted to the pinks.
Now what needs to take place is FINRA needs to quickly approve the form 211 to fix the mistake.
You know the old saying, "you can't fight city hall".
Good morning DTGoody!
Record revenue on the way for sure.
Some here are predicting at least a year for uplist? LOL
I have no doubt that the 211 was filed like I was told last Friday, 5/1.
And less expensive than paying an attorney.
It isn't. I know it from speaking to them numerous times.
One of the base requirements is the stock price needs to be over $.01.
The suspension has been removed. It has been back to trading since 4/27.
Agreed. No hesitation at all.
Also, we know that Glendale has recently looked at filing 211s for other companies and decided not to based on their vetting of the company.
So they are selective and do their homework before filing a 211.
Yes last year the 211 went thru two rounds of questions and then FINRA had Glendale make an amendment to the form. Then is was approved.
Also, it is a plus that SOLI is an audited company.
It is my understanding that the sponsoring MM takes on responsibility to vette the company before filing a 211. So the fact that Glendale filed the 211 so fast shows their confidence in SOLI.
That is a lucid, intelligent, well thought out post.
You just supported Garden Rose's argument by showing that the SEC sweep isn't very selective and over reaching.
Agreed rstar. We know the facts and timeline of events and how the SEC just used a very wide net to lump companies with any COVID-19 PR together.
I haven't seen Glendale on the box for SOLI in months.
You know I won't let any go unless you are in the dollars. LOL
So if you are going to make a prediction you go with the least likely scenario? Don't go with the odds?
We have had a few bumps in the road but you can't keep a good company down.
Glendale knows the facts and must have felt very good about filing the 211 so quickly.
Well I am just looking for the "your 211 has been accepted" letter.
I'm sure we will get it sooner than a year. LOL
They must have letters for every occasion. LOL
That is what the SEC Attorney I spoke to felt. Less cost and quicker process to go the 211 route.
Is that different from the " We made a mistake" letter from the SEC?
I think that it speaks volumes that Glendale filed the latest 211 in less than a week from when SOLI resumed trading. They must have been very confident in their DD.
I am expecting a quick turnaround on the 211.
In my DD on FINRA processing 211's there is a responsibility that the MM takes on when sponsoring a company. Glendale does a lot of upfront DD before sponsoring a company. That is why they have such a great success rate in getting 211s accepted. BTW they must have a good reputation to have such a high success rate.
It appears that the prediction was that FINRA wouldn't approve the 211 inside of a year.
2) Will FINRA approve a 211 inside of a year? NO
There is a single sentence in the suspension notice that suggests FINRA will be in no hurry to process the 211.
What sentence are you referring to?
Illegal trading activity going on with this ticker
Please provide the link that shows a company can't file a 10K when they have an open form 211.
Remember last year they filed their Qs with an open 211.
I guess it doesn't matter if you are getting more in the .20s. .30s or .40s when we are in the $1.00s after the Q1 and Q2. LOL
Thanks. I work hard to get the DD and stay on top of things.
SOLI is the real deal and we will profit greatly here.
Check the sticky
You can't keep a good company down.
First it's:
- No MM will file a 211 for SOLI
- Then it's non public information
- Then it's Glendale's acceptance rate isn't 100%
What's next?
Facts are facts and we know Glendale knows what they are doing regarding filing 211's and getting them accepted.
They research them fully and have a perfect success rate.
BAHAHAHA! They can tell if they filed a 211.
Your welcome!