It's admittedly a rather imprecise PR but that's been the pattern. They obviously write them on the fly. But, of course, as I often post, I'd rather have that than an outfit like Big Apple which gets perhaps $100,000 in shares to dump each month. It's a trade off.
Ask any lawyer.
Assets go from people to people, or people to entities or vice versa. The assets don't go to the Sec of State or to a state. The state statute typically requires changes in authorized shares (not o/s or float), changes in officers, changes in directors, fiscal year, location. These are all legal things.
The SOS does not get involved with accounting issues.
When the company becomes fully filing, this stuff will be in the quarterlies and annuals.
Is the process time consuming? Does it take a long time or was SLJB lying?
I'd ask anyone who has dealt with major deals to answer this. It is time consuming. There were apparently transfers from entities outside the state to an entity incorporated in Nevada. There is nothing filed with the SOS that would support this or contradict this. The PR did not say that there was. It said assets were transferred and that it was a long process. Less than precise and subject to FUD from bashers but not a lie.
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