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Friday, September 01, 2017 11:03:01 AM
It's now September. I think this lawsuit date for next action is due on or around the 22nd and that is just waiting on defendant's answers to complaint and they apparently don't even have an attorney working for them. Hopefully the review process will be brief and the judge will put this one to rest and delete the 54 million shares from outstanding share count.
For all we know FINRA may not allow name changes that have pending lawsuits. Some say it doesn't matter but I beg to differ. Big time. Finish lawsuit, THEN move forward.
Nothing happens by end of September and this thing will start to head south. Clearly with multiple brokers indicating there is a symbol change pending, I can't see how that would not execute??
Patience I guess??
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