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My dd concerning OTC filings:
Companies are not required to provide financial information to OTC Markets Group
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In contrast to securities listed on U.S. stock exchanges, securities on the OTCQX, OTCQB and Pink markets may trade without being registered with the SEC. Companies traded on the OTCQX, OTCQB and Pink markets follow one of the following reporting standards:
International Reporting Standard: Rule 12g3-2(b) under the Securities Exchange Act ('Rule 12g3-2(b)') permits non-U.S. companies with securities listed primarily on a Qualified Foreign Exchange to make publicly available to U.S investors in English the same information that is made publicly available in their home countries as an alternative to SEC reporting
SEC Reporting Standard: Companies are in compliance with their SEC reporting requirements
Regulation A Reporting Standard: Companies subject to the reporting obligations under Tier 2 of Regulation A under the Securities Act must continue to file, on an ongoing basis, all annual, semi-annual and other interim reports required to be filed on EDGAR. Audited annual financial statements must be prepared in accordance with Regulation A. Additional disclosure obligations, like quarterly filings and annual certifications must be posted, in order to comply with the eligibility requirements of the OTCQX and OTCQB Markets
U.S. Bank Reporting Standard: Banks without SEC-registered securities must follow the disclosure guidelines outlined in the OTCQX Rules for U.S. Banks. Banks are also required to release any news or information which might reasonably be expected to materially affect the market for its securities in a timely manner. Banks with SEC-registered securities must be current in required reporting
Alternative Reporting Standard: When SEC registration is not required, companies must generally still make information publicly available pursuant to Federal securities laws, including Rule 10b-5 under the Exchange Act and pursuant Rule 144(c)(2) under the Securities Act. OTC Markets Group offers the Alternative Reporting Standard for companies who choose to make material information publicly available to investors
OTCQX U.S. and OTCQB companies incorporated in the U.S. that do not report to the SEC, U.S. Banking Regulators or a Qualified Foreign Exchange can follow the Alternative Reporting Standard. These companies provide disclosure pursuant to the Alternative Reporting Standard Disclosure Guidelines for OTCQX and OTCQB. This disclosure is available for investors on otcmarkets.com. OTCQX companies are also subject to the eligibility requirements and terms of the OTCQX Rules for U.S. Companies and OTCQB companies are subject to OTCQB Standards. Companies provide current and potential investors with a set of "material" information to help investors make a sound investment decision. This company disclosure enables an investor to understand the company's business operations and prospects
Pink companies that do not report to the SEC, U.S. Banking Regulators or a Qualified Foreign Exchange may publish disclosure in accordance with the OTC Pink Basic Disclosure Guidelines. These requirements are designed to give an investor the basic information a broker-dealer must maintain under Exchange Act Rule 15c2-11 in order to initiate a quote in a security on the Pink markets. The Alternative Reporting Standard is available both to U.S. and to international Pink companies. Learn how to upgrade to Pink Current.
A Company's Obligations on the OTCQX, OTCQB and Pink Markets
Financial Reporting - Many companies are not subject to SEC registration requirements, and therefore, do not make regular filings of financial information and other corporate events with the SEC. Companies are not required to provide financial information to OTC Markets Group; however in order for investors to make informed trading decisions, many companies elect to provide disclosure. For a detailed explanation of SEC registration and reporting requirements and the exemptions available from those requirements, please see the SEC's Small Business Question and Answer Page.
Corporate Actions - SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000. For more information, see FINRA's Notice to Member 10-38. For further details, contact FINRA's Operations Department at 866-776-0800
For the state of Nevada, he is still CEO. He is the one that needs to pay up for every filing that needs to happen. We'll see who will file the 10K, but I think it will be Joe.
Yes, but this isn't a private company. He still needs to file the details to the shareholders & OTC, like he ALWAYS did in the past. Like this one: https://backend.otcmarkets.com/otcapi/company/financial-report/200197/content
When the custodianship ends, he becomes CEO.
Hmmm... where is the 8K with all the information about the transfer???? If it isn't there, then there is no sale.
Ah, that is brand new news Unfortunately Arcaro can sell his company and remain as CEO. That is what currently is happening I would say, but he is obliged by law to report that he sold his company to a new owner. I don't see any 8K-filing... So, my guess is that he didn't sell anything.
There is no need for an update unless the takeover candidate is ready.
There is no new CEO. Arcaro is still CEO of RGLG.
Arcaro is still CEO of RGLG. He is the one that need to provide us with a 10K if the transfer didn't happen by then.
What will come first? The reverse merger of RGLG or the last episode of Game Of Thrones? The bets are open!
https://www.otcmarkets.com/stock/RGLG/disclosure
You can always look at previous 10K filing dates. In this case: by the end of may. This stock might actually move up on the 10K, as a response that Arcaro still cares about it.... I know he does, but it would be the first sign of life for RGLG since the last 10Q.
It's like he's using multiple accounts. That 100K always comes like 30 secs later than the 295K, which is the time you need to login in a different account.
The guy must take a big loss to play this game.
I have multiple accounts too...
Lucky we all have other stocks... Let him playing with this one...
Oh look, 1,1 million shares on the ask.... is he reading this board?
Seems like someone is playing for god overhere. 25K sold & he responds almost immediatly to let us know that he has 400K more to block this stock.
Indoor shrimp farming: already happens all over the world:
http://marvesta.com/about-marvesta/why-indoor-shrimp-farming/
https://www.aquaculture-ft.com/news/23-design-and-engineering-indoor-ras-shrimp-farm-europe
So, nothing new. What you've got now is an overbought, overvalued stock.
SRBT => Arcaro did not caused that debt. This comes from a decade ago when SRBT was DFSH, owned by DEFENSE SOLUTIONS HOLDING and Glatz Aeronautical Corporation did business with them. GLatz want money from SRBT now. That is a bit sad, cause DFSH was declared bankrupt in 2014. SRBT nor Arcaro don't have anything to do with the company from 10 years ago. This doesn't affect RGLG at all, mister negativity.
I doubt he will call you back. He is going for 8 more tickers & if he has to answer every phone call from people that bought shares from one of those companies, he won't have time left for a life. I wouldn't call you back if you told me who you are on my answering machine (RGLG-investor) and for what reason you called (RGLG-stock). He won't stay CEO of RGLG for long, so he couldn't care less. That is my 2 cents about this.
The difference between Total Assets & Marketcap = astonishing! MK = 32 times the TA. WAW! BUT NO INCOME! THIS IS A SHARE SPEWING MONSTER!
READ THIS:
Full Name: Joseph ArcaroTitle: Chief Executive Officer / Chief Financial Officer / Secretary / Chairman of the Board of DirectorsBusiness Address: 3651 Lindell Road, Suite 630, Las Vegas, NV 89103Compensation: None Biography – Mr. Arcaro is an experience entrepreneur. He has over 15 years of experience in the brokerage and venture capital business.
B. Legal/Disciplinary History. Please identify whether any of the foregoing persons have, in the last five years, been the subject of:
1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses);
None.
2. The entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction that permanently or temporarily enjoined, barred, suspended or otherwise limited such person’s involvement in any type of business, securities, commodities, or banking activities;
None.
3. A finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended, or vacated; or
None.
4. The entry of an order by a self-regulatory organization that permanently or temporarily barred suspended or otherwise limited such person’s involvement in any type of business or securities activities
None.
SHMP is TOTALLY overrated! Totally overbought & overhyped. You are buying hot air. It will never see $0.90 again.
OUTSTANDING SHARES IN 2018 (10K) : 135 MILLION! TODAY: 300 MILLION! AND NO INCOME! GAME OVER FOLKS!
SHMP biggest pump n dump of 2019 I agree. NO SALES! ASSETS OF $1.6M BUT A MARKETCAP OF $56 MILLION!!!! THIS IS A COMPANY THAT IS DOUBLING ITS OUTSTANDING SHARES EVERY YEAR! THE SHAREHOLDERS ARE PAYING THE BILLS! GO CHECK THE NASDAQ TO FIND STOCK WITH REAL INCOME AND NOT EVEN WORTH 20 MILLION! SHMP IS GOING BACK TO $0.02! AND THEN GOING TO $0.0001 AND AFTER THAT A REVERSE SPLIT!
The float is +-25 million
Did you call Joe?
It perhaps only takes 4 people to buy up those shares up to 0.02
100% agree... RM News => Volume => KABOOM!
Only the RM news can save us from this mess. Yes, it could come any second...
As in: Joe is not allowed to give that sort of information. If he did, he was obligated to release a PR within 24h of before the market opened after he gave that sort of information to someone.
I hope for them that this isn't true, cause it is a direct violation of Reg FD.
Ha! You're a shareholder, so you have the right to ask questions to the CEO.
Well, he isn't that much off compared to ETCH/DFHL. That one took 9 weeks, and we're now in the 11th week Most of his other similar RM's: 4 weeks, 5 weeks, 6 weeks, 7 weeks... Geeezzz...
It is crazy.... I keep trying to find any resemblances with previous Arcaro RM's, but I am kinda done here... we are in new territory... and a new time standard is being set. Officially, Joe is still the CEO. In the case there is no transfer within 5 weeks, he will be responsible to file the 10K next month.
There are people who seem to know how to contact him, or else he wouldn't have much to do in 2019. So, this phone number doesn't work?
https://www.otcmarkets.com/stock/RGLG/profile
BTW, is that your 80K?
This is almost a ridiculous story. It was a screaming buy at 0.07, and while nothing has changed, no one has been dumping and the news still needs to come out -which it will do in the end-, it is sitting at 0.019 and everyone is afraid to buy. Hmmm... :-/