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Re: Cheds post# 78080

Wednesday, 06/18/2014 7:50:49 AM

Wednesday, June 18, 2014 7:50:49 AM

Post# of 163731
That's correct but no one can determine how fast FINRA will get this thru. I've seen ticker changes happen in a couple of days to two weeks, all depends on FINRA. I'm also not saying that it won't happen by the end of June, just using worse case scenario.

14C was filed on June 9th so I'm assuming that means the mailing date. I'm going to use 10 business days after the filing to determine when name change can occur so that brings it to June 24th/25th. Next step is FINRA for ticker change, it will be in FINRA's hands around the 26th of June, then we wait. This is my best guesstimate.

From Shareholders Update:

Quote:
Name Change and Ticker Symbol Change

There are several steps in the process and each of those steps has a particular order. We have been working with our counsel to draft the 14C Information Statement for issuance to our shareholders of record. The shareholder record date for the 14C is May 9, 2014. Once the SEC approves our 14C, which should be within two weeks from now, we will mail the Information Statement to our shareholders of record. The SEC requires that we wait an additional 10 days after mailing to officially change the name. We have already reserved our new name with the Delaware Secretary of State. The actual name change is simple and takes about a day.

FINRA requires that our name be changed before we can request a symbol change. We have completed our application, but FINRA will not process the application until after the name change.