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Got this from google and this will happen in the future!
Q. Does a Form 10 registration statement cure “public shell company” status for purposes of Rule 144 for an issuer which engaged in a reverse merger with a public shell?
A. A Form 10 registration status can cure public shell company status and has been used by many companies after reverse mergers. Rule 144 is available to shareholders of former shell companies if:
the company is no longer a shell company;
the shell company must be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act;
the shell company must have filed all reports and other materials required to be filed by section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months (or for such shorter period that the issuer was required to file such reports and materials), other than Form 8-K reports; or
the shell company must have filed all and have filed current “Form 10 information” with the Commission reflecting its status as an entity that is no longer a shell company.
Q. What is a shell company?
A. A shell company is an issuer with no or nominal operations and either no or nominal assets, assets consisting solely of cash and cash equivalents or assets consisting of any amount of cash and cash equivalents and nominal other assets.
Q. How does a company obtain a ticker symbol after filing a registration statement on Form 10?
A. FINRA assigns ticker symbols and the company must meet FINRA requirements which vary depending upon whether the company will trade on the OTCMarkets Pink Sheets, OTCQB. OTCQX or an exchange such as NASDAQ, AMEX or NYSE. Generally, among other things, the Company must have 25 shareholders with unrestricted shares and locate a sponsoring market maker to submit a Form 211 on its behalf. THIS IS WHAT I WANT TO KNOW! I’m happy
Sad situation, I’m still hoping to hear laho’s reaction and overcome this situation. They have experts lawyers out there! I’m still hoping hearing from them thru PR.
Hoping Laho will update shareholders on their financial audit results and current filings
Gonz it’s very obvious CG is referring to GSCG not laho
My apology JC, I didn't mean laho is a scam, I was just curious about Gonzo's accomplishments. My apology also to you Gonz, I was just making my opinion you as a professional lawyer....lol ! sorry guys.
Gonz, I’m just curious, you are a lawyer right? The way you explained things are excellent! I click your name and I found one of your accomplishments is helping exposing laho as scam! Wow!
Mt. Laho is spewing ashes! She’ll explode soon!
You’re right because they’re tired. They’ve been debating since yesterday morning and now you’re just popping out. They’re knocked out all the way to their bed.
Excellent info! Thanks JanetCanada very much!
I’m in the middle age and have severe knee arthritis, someday I need stem cell therapy, and you too who knows.
Pls don’t listen to them. Today is Sunday! Focus more on your family! Don’t worry merging is going through!
Mt. LAHO is about to explode!
Closing of the deal could be anytime today or next week! Laho will never play in grey! GSCG will be a new ticker! Lots will be chasing!
Let’s say merging is complete before Friday next week, GSCG is the new ticker and the price is .2 are you still gonna buy millions of shares?
I can feel tremors right now on mt LAHO !! In 5 days, she’ll explode!!
I’m holding too!
IMO , there’s no panic selling because people know this will go current and merging will surely happen soon! Besides many investors know laho and want to invest before it happens. They will be lucky is someone sells millions of shares. Remember OS is maxed out !
I know that ! Besides Laho submitted an 8k for current filing last July 29 or a month prior to suspension. Meaning SEC had received and acknowledged the filing. But the main reason was the wrong or incomplete address as stated. Purely a CLERICAL error!
Suspended just because of incomplete address? It’s clerical error and not a fraud right? This will surely back to normal trading and for me $1 after merging.
I’m holding till 200.
I’m sorry, activation not deactivation. Lol too tired!
I’m soon, activation not deactivation lol
Man! If things got settled before deactivation of trading laho, I’ll never sell any single shares, I’ll be adding more!
Remember OS is maxed out and most popular in mrb, for sure this will truly shoots up in the sky!
I’ll set an order of .008 ! Hopefully I can catch up easily! I’m so thrilled!
.006 is too cheap to catch up this thing when current! At least I loaded more !
I’ll put a buy order of .006 hopefully it works!
I hope $200 ask will go thru after merge and ill be happy.
o yea i agree with you! Besides laho have been informing shareholders thru pr's that LOI to GSCG has been successfully completed. 8k's filing for current has also been submitted and acknowledged. For me I agree with the decision of SEC to suspend laho temporarily but not necessary mean the pps will go back to zero! Once laho is compliant, for sure PPS will get lower but this will shoot back up in the sky . Right now, there are more buyers thant sellers. Good luck to all lahoers and hold you shares! Be smart!
What if this goes okay, how can I get in? I want more shares.