Sylios Corp. (fka UNGS)

[SPecPrototype]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=77687333

As soon as SEC declares S1 effective then MM has to file form 211, usually takes 3 to 5 weeks after that. Form 211 will not be approved until the S-1 is approved by the SEC since the approval of the S-1 provides the "free trading" shares necessary to obtain the OTC quotation.

www.investopedia.com/terms/e/effectivedate.asp

DEFINITION of 'Effective Date'

The date, declared by the Securities & Exchange Commission (SEC), on which shares can start trading. This usually refers to the date when shares become available for sale in an initial public offering.
BREAKING DOWN 'Effective Date'

The effective date occurs approximately 20 days after the security is registered with the SEC, giving time for the SEC to review the registration. The registration will be either accepted or rejected by the twentieth day or earlier. Amendments can be made to the registration if the SEC deems that changes are necessary. If the items in question are not modified, the registration process is not completed.