Thursday, August 25, 2016 5:37:55 PM
Malc Stone POST #10287
Then why hijack the shell?
They could have filed a fresh and clean Form 10 or S-1 and then be able to sell six months after being deemed effective providing they stay current in reporting obligations.
That is what a legitimate start up would have done.
TRON is a trap. When you see shenanigans like this red buzzers and bells should be going off.
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Janice Shell POST #10288
Yes, that's what doesn't make sense. If they have to register with the SEC to begin with, why not forget about buying a custodianship shell and simply file a Form 10 or an S-1? If they actually have private investors interested in buying, they could sell them stock now, and register it in an S-1 offering.
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That's where the speculation come's in. They could have filed in the first place, but because they did not does not mean they are not a legitimate start-up. It does bring up questions as Malc said. Those questions will be answered one way or another.
If the private investors still choose to invest knowing that TRON still needs to file, then that's their decision. Yes, it would have been easier to file first so they can sell now, but they chose a different route.
We will have to see once the 3rd quarter ends.
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