dcsteve, hi. What the Regulations means is that if the planned merger is expected to complete by 10/30, the issuer must post stamp date the 14F no later than 10/20. This is why the mailing was planned for 10/15 per their filings. See if this makes sense: the majority change of director and share exchange cannot be finalized until the 14F is mailed. So, if the affidavit comes back from the T/A that all have been notified, the merger is deem completed. Although Sjo is already appointed the new CEO, the majority of board cannot change without following this formality.