InvestorsHub Logo
Followers 0
Posts 902
Boards Moderated 0
Alias Born 05/06/2020

Re: surfkast post# 6182

Monday, 08/03/2020 4:12:17 PM

Monday, August 03, 2020 4:12:17 PM

Post# of 10175
You are sooooooo close to seeing it. Look at the 2nd requirement "mandatorily files reports with the SEC". CGLD does not file with the SEC so the rest is moot.

As a result, since the company does not mandatorily files reports with the SEC it cannot take advantage of the Rule 144 because it was previously a shell at some point. Which for it to cease to be one means it was one. Which requires a 2 year hold.