Saturday, March 14, 2020 10:07:24 PM
1. “we have to pay them more”
The authorized share count via Nevada is 70,000,000 shares. That reflects the consolidation of one for twenty. You may have heard that such consolidation(reverse split)..has expired...but that is not the case. That is typical hype and bull. There is no expiration with regards to FINRA. This Company went through all the steps in correct order via FINRA standards.
*Changed structure via Corporate action in their Jurisdiction(Nevada)
*Filed an appropriate 8-k acknowledging change(consolidation/split)
All that is left is Finra's approval after notification after such Corporate action. There is no deadline...only that the fees for such increase(for them...$5,000).
Here is the rule/fee:
https://www.finra.org/rules-guidance/rulebooks/finra-rules/6490
That's it on that. The Company would need to reverse the Corporate action via Nevada if there would be no consolidation of said shares.
2. "Hypur closure"
All that is is a closure with regards to Hypur Ventures, Hypur Inc, and CGDK et al ...the investors..be it a merger...spin off...or asset sale..etc. That is it.
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