Unfortunately for shareholders here. A reverse Merger or Forward for that matter is PROHIBITED if a company is in REVOKED Status. The same applies to other Company matters. Yet again, this is a situation that can only be resolved by CEO Daniel Grodnik. So "feelings" and "hopes" are totally worthless. The State of Nevada only accepts CASH.
MHYS BUSINESS FILINGS ARE NOW $23,900.00 PAST DUE to the State of Nevada since originally DEFAULTING on 11/30/2015. This number will INCREASE to approximately $35,000.00 if not paid before November 1st 2017.
The REVOKED Business Status: 1) Effectively LOCKS the current Share Structure of 30 Billion A/S in place by STATE/SEC/FINRA regulation 2) Prevents Share reduction and/or Retirement 3) Prohibits any and all New Contracts 4) Restricts MHYS from availability to trade with numerous Brokerages. 5) Each item above remains in effect unless or until the company returns to ACTIVE Status in the State of Nevada.
Obviously the question becomes what happens IF and WHEN the Business License is PERMANENTLY REVOKED? Is all hope and money gone forever? NO
Permanent RevocationLOCKS in place each of the items previously listed, ALERTS FINRA and the SEC of the revocation and eventually results in the posting of "DARK OR DEFUNCT" on the OTC MARKETS Website. The result again in most cases is little to no further trading of the stock as investors become aware that the stock will in all likelihood soon be DELISTED by the SEC. This primarily due to the FACT the Business is no longer permitted to do daily Business, enter into new contracts, make any adjustments to Share Structure, etc...Permanent Revocation does NOT however prohibit the stock from continuing to trade until DELISTED by the SEC, OR unless the company files a FORM 15 to voluntarily suspend trading. The SEC explains the reason for allowing the continuation of trading as not wishing to interfere in the desire of any buyer to purchase any stock regardless of the company condition. They will however ask any trader making such an inquiry why they would consider making such a purchase, and advise them of the Business Status and inability to transact business.
Verification Available by Contacting FINRA through their website http://www.finra.org/contact-finra Or Call (301) 590-6500 Or available by contacting the SEC
The following Link clearly indicates the time remaining until the MHYS Business License is scheduled to be PERMANENTLY REVOKED by the State of Nevada. And as should be very obvious, only those with absolutely NO KNOWLEDGE of the Market or Business will even attempt to SPIN this as positive.
The LINK BELOW Shows (in real time) the TOTAL Number of Days MHYS has remained at 0001 ASK & NO BID since August 6th 2015. Soon to eclipse 100 STRAIGHT WEEKS!!
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