Wednesday, August 23, 2017 10:40:47 AM
Remember an acquisition/merger involving a name change is a corporate action requiring it to be reported and filed with FINRA. The name and ticker change is an optional part of the merger process (an acquisition/merger doesn't require a company name and ticker to be changed).
http://www.finra.org/industry/faq-upc-corporate-actions-faq#3-2
Since our name and ticker has not been posted to FINRA's daily list yet, we can conclude the merger corporate action has not been finalized either. The merger is not officially complete until FINRA approves the merger paperwork (filing), which in our case (and many cases) involves a voluntary $500 symbol change and name change.
RO is holding the PR(s) until the merger is official with FINRA, and all the merger related corporate actions, including the name and ticker, are effected. I expect to see the PR(s) at the conclusion of the merger related corporate actions when name and ticker changes. I would not be surprised to see an 8-K too, since the company released one earlier this year even though it is not required under Pink Disclosure Guidelines.
IMO, merger filing not concluded with FINRA yet.
Wang acquired control of Dolat Ventures on December 2, 2016 when he acquired the 300,000 Class A preferred shares.
Dolat Ventures acquired ZJMY on 1/11/2017 with the 100,000 Class D preferred shares.
From the 10-K
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Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
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