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Re: just Scottie post# 12075

Thursday, 07/09/2020 5:47:48 PM

Thursday, July 09, 2020 5:47:48 PM

Post# of 12500
not at this point. finra will not process corporate change requests for a company facing revocation. so if a new company came in and bought whatever, they would still be revoked. as a private company they could file a form 10 along with the required financials to become a public company again but why go through all that traouble when there are plenty of clean shells for sale?

the best hope for shareholders is that the company accept the sec's recommendation of voluntary revocation. if they do that then the door remains open that sometime in the future, after financials are in order, they can file a form 10 and become a public company again. that very seldom happens but i believe there is an example or two at the very end of the post i previously linked.

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