News Focus
News Focus
Followers 3
Posts 119
Boards Moderated 0
Alias Born 10/09/2013

Re: WestTexas post# 1078

Tuesday, 05/09/2017 5:19:22 PM

Tuesday, May 09, 2017 5:19:22 PM

Post# of 2612
I hate to burst bubbles, but...

Actually the registration of GNBA was "Revoked", not suspended.
So (according to SEC), at a minimum Form10 (Stock registration) would have to be filed, possibly followed by a subsequent S1.

See:
" ...Several recent cases suggest the SEC is now recommending that issuers who want to make things right should accept revocation, and then ***get two years of audited filings in order*** and file a new Form 10"
http://promotionstocksecrets.com/the-sec-just-suspended-my-stock-now-what/

The IPO Road Less Traveled: Form 10:
http://www.biotech-now.org/wp-content/uploads/2013/02/2013-2-21-Form10.jpg

Form S-1 vs. Form 10- What’s the Difference?
- In short, a Form 10 is used to register a class of securities (ex. common)... while the Form S-1 is used to register specific shares of the company or its ***current shareholders shares*** for sale/resale.

- Filing a Form 10 does not “take you public.” A Form S-1 would have to be filed following the Form 10 if you want to ***register specific shares for investors***

https://slgsecurities.wordpress.com/2012/12/18/form-s-1-vs-form-10-whats-the-difference/


Unleash the power of Level 2

Spot liquidity moves with access to US order books.

Sign Up