Razor , heres what I'm seeing from the Pre 14C..
Name change will be first followed by the Symbol change... 1 year to enact a R/S and when they decide to do a R/S a filing with FINRA 10 days prior to the anticipated effective date have to be filed.. Statements like " as is reasonably practicable "( Pre 14 C page 11 ) could mean several weeks or longer and several statements listed under the " anticipated time- line" section ( Pre 14 C page 7 )lead me to believe that a R/S has not been determined yet....No filings with FINRA have occured to date that I have seen...
Page 5 Pre 14C
Our Board and Majority Stockholders have approved an amendment to our Certificate of Incorporation to change our name from “3DIcon Corporation” to “The Coretec Group Inc.” Our Board and Majority Stockholders have also authorized a change to our trading symbol to a trading symbol resembling the Company name following the Name Change. The certificate of amendment to our Certificate of Incorporation (the “Name Change Amendment”) is attached hereto as Exhibit A. The Name Change will become effective upon the filing of the Name Change Amendment with the Secretary of State of the State of Oklahoma, which is expected to occur as soon as is reasonably practicable on or after the twentieth (20) day following the Mailing Date of this Information Statement to our Stockholders. Following the Name Change, the Company expects, subject to regulatory approval, to change its trading symbol to reflect the Name Change
Page 7 Pre 14 C
Anticipated Time-Line
The actual timing for implementation of the Reverse Stock Split will be determined by the Board based upon its evaluation as to when such action would be most advantageous to the Company and its stockholders, but will be at least twenty (20) calendar days after the distribution of this Information Statement to our stockholders and no later than the first anniversary of the Record Date. Notwithstanding the approval of the Reverse Stock Split by the Majority Stockholders, the Board will have the sole authority to elect whether or not and when to amend our Certificate of Incorporation to effect the Reverse Stock Split. Following the twenty (20) calendar day period after the distribution of this Information Statement to our stockholders and no later than the first anniversary of the Record Date, the Board will make a determination as to whether effecting one or more Reverse Stock Splits is in the best interests of the Company and our stockholders in light of, among other things, the per share price of the Common Stock immediately prior to the Reverse Stock Split and the expected stability of the per share price of the Common Stock following the Reverse Stock Split.
The Reverse Stock Split will become effective, if at all, on the date of filing an amendment to our Certificate of Incorporation effecting the Reverse Stock Split and Authorized Share Reduction with the Secretary of State of the State of Oklahoma, which is expected to occur, if at all, no later than February 21, 2018, and after the filing of documentation with the Financial Industry Regulatory Authority (“FINRA”) and our stock transfer agent. After the Reverse Stock Split becomes effective, our Common Stock will have a new CUSIP number, which is a number used to identify our equity securities.
Page 11 Pre 14 C
We anticipate that the Reverse Stock Split will become effective on or around April 7, 2017, or as soon thereafter as is reasonably practicable (the “Effective Date”). Beginning on the Effective Date, each stock certificate representing pre-Reverse Stock Split shares of Common Stock will be deemed for all corporate purposes to evidence ownership of post-Reverse Stock Split shares of Common Stock.
Further, prior to filing the amendment to the Certificate of Incorporation reflecting the Reverse Stock Split, we must first notify the Financial Industry Regulatory Authority by filing the Issuer Company Related Action Notification Form no later than ten (10) days prior to our anticipated Effective Date, for the Reverse Stock Split. Our failure to provide such notice may constitute fraud under Section 10 of the Exchange Act.
