SIPP Industries Inc (SIPC)

[stervc]

Rothman, with this SIPC Update…

I appreciate your SIPC update. I believe that you are informing us of the correct information as you have always been 100% spot on with your SIPC updates. I’m still not worried ”at all” because I believe that the MMG will make sure they see this through to do what they have already publicly indicated of what they would do. We could see a major update of everything being closed any day now.

They are talking about bringing in not 1… not 2… but 3 Marijuana/Hemp companies into SIPC. I can wait until they figure it out because out of all of the MMJ companies out there, most of them won’t have this kind of potential.

If the company can’t get the Transfer Agent or its lawyer to agree with what they are doing, then it’s fairly simple… respectfully… replace them both. Keep in mind too that when I say to have them both replaced, I say this under the presumption that the management from MMG have already coordinated with FINRA, the SEC, and all related parties to ensure all are in agreement with what they are doing.

Respectfully, most lawyers have a ”major market” mentality along with having a ”dinosaur” mentality. Sometimes that’s a good thing, but sometimes that’s a bad thing, especially in the penny stock world. Most lawyers see things through the eyes of a lawyer that represents a stock trading on one of the major markets; DOW, NASDAQ, NYSE, etc. This is what I think plays into some lawyers sticking with their own ways of thinking without any desire to change to fit the company’s desire. They would rather the company try to fit their way of thinking even if it is the worst way for the company. Within the penny stock world, there is a different concept of thought for considering what’s needing to be done to repair the growth of a company. This is basically a ”concept of flexibility” that’s required to allow all parties involved to not just ”hear” what’s being delivered, but listen to what is being explained to be done. Some lawyers get it… some lawyers don’t.

I have seen stocks in a different industry do before what they are attempting to do that were fully reporting filing with the SEC trading on the OTCQB. One company that I know of even had this concept organized to work years ago that traded on the NASDAQ so it’s capable of being legitimately done. They need to either explain things different so that the lawyer will have a better understanding of what they are trying to do or the lawyer should be replaced by a more penny stock friendly lawyer. Some lawyers have a hard time realizing that they are hired to help the company to legally achieve their business objectives if it could be done. If either option for moving forward is correct, it shouldn’t be an ego thing for the lawyer to be adamant to have things done his way since he works for the company and not the other way around. By all means, I’m not claiming to create an ego myself by posting these thoughts. I’m sure any of those lawyers are far smarter than I as having a lawyer on board is a necessary must and all of the parties must be on the same page as one TEAM…

T – Together
E – Everyone
A – Achieves
M – More

With the Transfer Agent situation, they can either look for another Transfer Agent or become their own Transfer Agent. Here is a list of Transfer Agents below:
http://www.transferagent.co/full-transfer-agent-list/

I’m guessing that they are ahead of the game and has already called some Transfer Agents to explain to them what they are wanting to do to verify if they would work with them before moving to another Transfer Agent. If all else fails, according to SEC rules, a company can become their own Transfer Agent by doing a few things for authentication. See below:

https://www.sec.gov/answers/transferagent.htm

Companies that have publicly traded securities typically use transfer agents to keep track of the individuals and entities that own their stocks and bonds. Most transfer agents are banks or trust companies, but sometimes a company acts as its own transfer agent.

http://www.investopedia.com/terms/t/transferagent.asp


http://www.stocktransfer.com/index.cfm?action=companies.needaTA.inHousevsAgent


v/r
Sterling