wilma: But, filing that Form 15, wouldn't that just make it a non-reporting shell company at that point?
IF you maintain a company w/ a status of "dissolved" w/ the State of DE cannot be a company so it can't be a shell company, you must also maintain then that it did qualify as a non-reporting shell company for the two years its status was "Active" w/ the State of DE.
So, yes, it would then have just made it a non-reporting shell company.
So, the filing of that Form 15 is moot since a non-reporting shell company can legally, publicly sell its common shares.
The main purpose for Dr.SS to file that Form 15 was so they could suspend their duty to file reports NOT to cancel its shares entirely and eliminate the capital structure of the shell.
That's it. Had nothing to do w/ making it somehow fraudulent or illegal to keep the shares trading.
It traded because the SEC allowed it to because they were satisfied w/ the answer they got from the shell owner, that being, he has a plan for it.
It got suspended because yourself and a few others called FINRA asking them to look into why a dissolved company still trades. They didn't have the answer at their fingertips so they suspend the stock until they get their answer.
Now, they can get their answer and be satisfied and its status still not change...Dr.SS could still have and keep his plan for it. BUT, he can also at that point of contact w/ FINRA just as well instruct to keep it suspended until he is ready to use it. After all, there aren't any shares left and nobody is selling any so why let it trade and put the MM's at risk of holding a bunch of short shares when he drops his Super 8K on the market?
That's my personal opinion. iHub posters are the ones who contacted FINRA to protect who exactly? Honest retail investors or themselves? By "themselves" I refer to the fact that we all know iHub is by, and for, the MM's. It's just honest retail investors like myself who are the pawns that make their game possible.
You heard it here first. It's also my opinion that it's the MM's (or, better, their minions) who had this suspended to protect themselves. Myself and all the other investors in KEYO were doing just fine. In fact, very very few were down and those that were were a c-hair away from being even and/or positive. L2 showed it.
Couldn't stand the heat. That's all it was and all this is. A cool down period. The float was gone. Effectively gone two weeks ago, for all intent and purpose, just when the cries to FINRA started going out. JMO but based on solid DD.
Venture a guess as to why a perfectly clean shell like that wouldn't at least have been sold like the RPTN shell company he sold during the same time frame?
Hate it all you want but those of us that are in are in. Locked and loaded and lovin' every minute of it. We know he wouldn't just throw a corporate shell structure worth well over a few hundred million in total to him away for absolutely nothing.
Think otherwise that it means nothing to him. We'll see who's right in the end.
I'm patient.
"See you at the lake"
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