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Re: PennyWorld post# 28036

Wednesday, 05/28/2014 7:32:32 AM

Wednesday, May 28, 2014 7:32:32 AM

Post# of 36792
certainly I've had a few tickers that "went away", but none of them did a 6000-1 RS and suddenly put out a quarterly and annual reports.

I'm certainly no expert, but all the articles I've been reading indicate that the new entity has to produce a "super 8-k" upon the completion of the deal (and I've seen nothing indicating it's any different for non-reporting OTC, in fact these "shell" transactions are often purchases of these types of corporate entities) We'll see something, at the latest in August with the next quarterly.

2 weeks may be a little trigger happy. Most of what I've been reading indicates 30-90 days for the merger to take place. I would assume that time frame would begin with the RS as FH indicated in the letter that this was a requirement of the deal. April 21 looks to be the "start date" and we're a month in.