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Sunday, July 28, 2019 12:08:25 AM
state SOS has so much authority you do not understand maybe you was misinformed so i am here to educate you when it comes to stocks it starts at the sos understand
lets say you started company did all your paperwork and put your company public with 100 shares
on the nasdaq. in fact consider it you had multiple companies and put it on all exchanges because this applies to all
so nasdaq nyse otc markets greys pinks qb stop limited your companys are all on all the exchanges all tiers ok
you registered 100 shares to be listed per company with sec finra etc
now you have been trading over 6 months you pps has gone up your companies are doing great
then some traders that do dd look at you filings
and what do they find
they find on your original wyoming sos filings you only registered 50 shares per company for share structure
what do you think happens next
i will tell you multiple felonys and multiple years in state and federal prison
lets even do TCEL situation
lets imagine wyoming posts and files the cancel reverse split amendment monday
everythings good tcel then puts in filings to otc and gets pink current
then kaboom 2 years later they file with finra for reverse split as once pink you have to file with finra for rs etc
so they then go on implement it transfer agent makes changes updates otc markets
1 month later traders do dd
and omg
they see that an AMENDMENT to reverse split was NEVER FILED
what happens
multiple felonys and prison
STATE FILINGS ARE THE MOST IMPORTANT
THEY ARE THE FOUNDATION
YOU CANNOT LEGALLY MERGE REINSTATE REVERSE MERGE INCREASE SHARES DECREASE SHARES REVERSE SPLIT FORWARD SPLIT ISSUES SHARES ETC WITHOUT FIRS FILING IN THE STATE SOS
TCEL IS DOING IT CORRECTLY STEP BY STEP
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