SideChannel Inc (SDCH): Nope, FINRA has not approved it yet, as...

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SideChannel Inc (SDCH)

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Re: smoke post# 5012

Thursday, 04/17/2014 9:06:51 AM

Thursday, April 17, 2014 9:06:51 AM

Nope, FINRA has not approved it yet, as SB has noted. It was NOT approved because of the financial reporting state of the company.

In regards to the suit, you can sue for anything. Question is, do they win. If they win then this is illegal and FINRA should also be part of the defendants of the suit. FINRA is supposed to keep illegal things from happening, that is their oversight role.

An R/S does NOT wipe out the old shareholders, it just changes the number of shares they hold. The value before the R/S for those shareholders (ie, the cash value of investment before = cash value after) does not change. Of course, if you do NOT want to get to NASDAQ, keep the price per share down...

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