InvestorsHub Logo
Followers 20
Posts 469
Boards Moderated 0
Alias Born 03/09/2009

Re: Marlee1119 post# 38932

Saturday, 04/05/2014 8:49:00 PM

Saturday, April 05, 2014 8:49:00 PM

Post# of 48039
I think they misunderstood yesterday's 12(g) (15-12g) filing, which is simply to de-register ALL the stock, not some of it; with de-registering only meaning no longer REQUIRED to file certain reports, which many otc stocks opt to do to save on the exorbitant fees necessary for detailed audits, accounting and reporting. This is not to say they will no longer BE ALLOWED to file the simple sorts of reports we have been seeing recently. They still may, and it appears GYST intends to remain transparent though de-registering itself from the requirement to do so.

The filing says Termination of Registration of a Class of Security Under Section 12(g) (15-12g), NOT Termination of "some of the shares" of a security.

http://ih.advfn.com/p.php?pid=nmona&article=61736102
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GYST News