Sunday, August 25, 2019 3:10:41 PM
Rule 6490 by FINRA says ...
We know DCGD/GFN Holding filed an Amended 8-K on 8/22 and indicated no corporate action with FINRA had (yet) been filed as of 8/19, but that they were "proceeding" with it.
Remember Justin get's to pick the effective date of the CUSIP and Symbol change.
I think the effective date will be between Thursday, 9/5 - Monday, 9/9.
Here's why...
Since it's the summer and typically employee's and families travel or go on vacation. It's reasonable to assume FINRA (and all parties involved such as private equity & hedge funds) have slightly longer backlogs (than normal). Furthermore, and this is really important, JC would want as many eyeballs on the stock as possible on the effective date and therefore with Labor Day and markets closed on 9/2, and children going back to school on 9/3 (in the north east), and parents being swamped buying school supplies on 9/3 & 9/4 ... I think we can expect the PR & filing on 9/4 and the effective date of the CUSIP & Ticker change to be between Thursday, 9/5 - Monday, 9/9 .
8 -10 trading days is my estimate.
JMO
My posts are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor.
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