InvestorsHub Logo
Followers 221
Posts 28613
Boards Moderated 0
Alias Born 03/18/2009

Re: stocksmarter post# 2278

Tuesday, 05/06/2014 1:37:24 PM

Tuesday, May 06, 2014 1:37:24 PM

Post# of 12758
What does that have to do with failure to file item 2.01? If the registrant indeed "closed" the transaction as per the press release, the registrant is obligated to file Item 2.01 within four business days. To date, Item 2.01 has not been filed.

Therefore, the registrant is either:

1) a delinquent filer; or,

2) published a misleading announcement dated February 28, 2014 by disclosing to the public the specific term "completed".

The trigger of Item 2.01 on Form 8K is quite clear:

Item 2.01 Completion of Acquisition or Disposition of Assets.
If the registrant or any of its majority-owned subsidiaries has completed the acquisition or disposition of a significant amount of assets, otherwise than in the ordinary course of business, disclose the following information:



So which is it? 1 or 2?

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.