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Monday, April 27, 2015 11:02:04 AM
I thought I posted this earlier so people can get familiar to what is really going on and the time frame allowed by Finra and how it works with corporate changes.
Since they already filed with Finra for corporate changes, they can not file ANYTHING any more under the LHPT symbol. We are waiting for Finra approval which can take as long as 60 days from filing if they were not pink current when filing. LHPT was pink current when they filed with FINRA. (see Finra rule 6490)
LHPT can give updates on corporate events but that is all and only on corporate events not filings or they will be fined and delayed (see rule 6490).
Any filings from now on will be after finra approval and name change with a new ticker. (see rule 6490)
Here is the Finra Rule 6490 brief description which you have to follow the links for the detailed version.
http://www.finra.org/industry/notices/10-38
And here is the link for daily Finra corporate action which is live. We will see changes here first and is the same time the company is notified. No exceptions.
http://otce.finra.org/DailyList#
And just in case a split is filed for, we will see it here first. This is a good link to bookmark and keep in your DD arsenal. I am not concerned about a split here but if one did occur, it takes 20 trading days to execute where everybody will be fully aware because Finra adds a "D" to the ticker and it trades with a "D" for 20 days.
Nasdaq Upcoming splits.
http://www.nasdaq.com/markets/upcoming-splits.aspx
This is setting up just fine and right on schedule. They are doing things right and if they are mistaken about something, Finra will be right there to make sure everything is done right and proper.
It's routine and text book.
At this point LHPT is a minimal Risk vs Huge Reward stock. I'll take my chances here as the upside potential is alarming with a proven $2,400,000 annual revenue generating company.
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