Saturday, December 24, 2016 11:19:04 AM
Why the IGEX deal won't occur:
1. The Nemegosenda property is owned by Nio Star an Ontario Corporation. Nio Star owes around 2.9 MM ($ Canadian)to creditors and it is illegal, in Canada, and I suspect in the US too, that one cannot transfer a major property while leaving the creditors high and dry. The deal would have to have creditor's approval which it does not, I assure you.
2. A public company cannot transfer of dispose the major, or substantially the largest asset of the company' without shareholder approval. For SRSR to get shareholder approval it would have to have a meeting, which it has not.
3.FINRA would not approve the deal for the above and for the idea that SRSR is getting its Nevada corporate registration revoked. The FINRA approval is taking much more time then usual because it cannot be approved.
4. The transfer agent is owed over $5k and no stocks can be dividended without the transfer agent's cooperation.
5. If the deal is imminent why has the SRSR pps disintegrated the past few weeks?
There are other reasons but these are sufficient.
Anyone who believes that IGEX deal is going to be approved by FINRA has also waited, unsuccessfully, for the 'Great Pumpkin' to appear on Hallowee'en and will be unsuccessful waiting for Santa on early Sunday morning.
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