opti, i know you are just reporting but campo just demonstrated that he does not have a clear idea about things. to wit;
and have a broker/dealer file a Form 15c-211 with FINRA to re-register our company,
two things wrong with that. first, it's a form 211 under rule 15c-211. there is no form 15c-211. but that's minor. a lot of people don't understand that. but more importantly, a form 211 does not register anything. a form 211 approval allows mm's to enter quotes. finra does not register companies.
Once FINRA approves the Form 15C-211, DTC will link our old CUSIP number to our new CUSIP number, issue us a new symbol
this is the wrong order. no mm will sponsor a revoked company. the shares will have to be registered first.mm's will want to see the form 10 first.
To this end, we will not need to have the quarterlies for 2015 and 2016, only audited financial statements for these two years plus 2017 until 30 Sept. Ultimately, its much less work for our accountants and auditors, although I know a lot of it has been done. Nothing changes with the share structure, everything remains the same, the only loss is time. In the meantime we will continue developing the company, the only difference is there won't be any trading during this process.
he got that part correct buthe doesn't mention that the lost time would most likely exceed a year.
