AI
Friday, July 27, 2018 9:03:53 PM
Yes a private company can do an Regulation A filing as a form of an IPO (initial public offering) to go public, but GRPS already publicly trades so it wouldn't be an IPO. It would just be a public offering.
At first when they used the term IPO on their website (based on how they used it and referenced RSHN, GRPS, and ENTI together) I thought they meant that they would do some kind of private share offering for XYZ Hemp Inc as a private entity then split the XYZ Hemp Inc business operations up between GRPS, RSHN, and ENTI by doing a share exchange between the private XYZ Hemp Inc and the individual public Issuers.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142482021
But then they put out that tweet saying that GRPS is preparing a Regulation A filing. That's all fine and dandy as a public offering to raise money by selling stock and to move GRPS to the OTCQB exchange, but it isn't an Inititial Public Offering (IPO) since GRPS already publicly trades.
Now you have to wonder how they expect to sell any GRPS stock at $1.42/share through their Regulation A filing if GRPS is trading on the public market at below $.01/share.
Nobody is going to buy GRPS stock at $1.42/share through the Regulation A filing if GRPS is trading below $.01/share on the market.
The are calling the $1.42/share price a 37% discount to the market price. That means GRPS would have to be trading at $1.94/share.
They only way they can get GRPs to $1.94/share is if they do a large reverse split.
But if they are planning to do a reverse split or even a name change to XYZ Hemp Inc for GRPS they will first have to go back and pay the back taxes owed to the state of Delaware and file the required paperwork at the Delaware SOS to properly move the shell to Colorado.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142501591
At first when they used the term IPO on their website (based on how they used it and referenced RSHN, GRPS, and ENTI together) I thought they meant that they would do some kind of private share offering for XYZ Hemp Inc as a private entity then split the XYZ Hemp Inc business operations up between GRPS, RSHN, and ENTI by doing a share exchange between the private XYZ Hemp Inc and the individual public Issuers.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142482021
But then they put out that tweet saying that GRPS is preparing a Regulation A filing. That's all fine and dandy as a public offering to raise money by selling stock and to move GRPS to the OTCQB exchange, but it isn't an Inititial Public Offering (IPO) since GRPS already publicly trades.
Now you have to wonder how they expect to sell any GRPS stock at $1.42/share through their Regulation A filing if GRPS is trading on the public market at below $.01/share.
Nobody is going to buy GRPS stock at $1.42/share through the Regulation A filing if GRPS is trading below $.01/share on the market.
The are calling the $1.42/share price a 37% discount to the market price. That means GRPS would have to be trading at $1.94/share.
They only way they can get GRPs to $1.94/share is if they do a large reverse split.
But if they are planning to do a reverse split or even a name change to XYZ Hemp Inc for GRPS they will first have to go back and pay the back taxes owed to the state of Delaware and file the required paperwork at the Delaware SOS to properly move the shell to Colorado.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142501591
