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If one was to keep this active on

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DragonBear Member Level  Friday, 05/29/20 03:10:53 PM
Re: CoderTrader post# 42854
Post # of 42879 
If one was to keep this active on WY SOS and wanted to get off expert market they would just need to file 211 form from FINRA??

First you would need a "they". Because currently MNZO is a zombie stock. It has no management running it. WY lists a Arthur Douglas Smitherman, who once claimed on this forum he was once Sec-Treasurer under Kenny. As long as he tosses WY $50 per yr, it stays registered in WY.

Kenny Manzio was run out of the market in 2016 as part of an agreement with the SEC. Then for a short time Morfesis a Real Estate agent in Florida was going to make it into an online vitamin company. That lasted only a few months. Finally in comes Ritch, a self described hedge fund manager who was going to make MNZO into a holding company, pumping in hundreds of $Ms. The SEC

Litigated against him

Someone in management (Smitherman?) would have to convince a MM, that all was suddenly in order. So that a MM could vouch for the future behavior of the company by sponsoring a 211. A MM that vouches for such a company can be held accountable by FINRA for the company's future actions. How do you do that? How to convince the MM to take on the risk of sponsoring a 211? Answer: File a Form 10 to register the stock. Given the jumbled history mess of this scam, that would be an interesting exercise. Neither is it likely a MM would bite.

Until you see a Form 10 filed, there will be no 211. And the likely-hood of a Form 10 is nill.

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