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Re: moneymarkets post# 7347

Thursday, 08/20/2020 2:29:47 PM

Thursday, August 20, 2020 2:29:47 PM

Post# of 10175
Current Public Information. There must be adequate current information about the issuing company publicly available before the sale can be made. For reporting companies, this generally means that the companies have complied with the periodic reporting requirements of the Securities Exchange Act of 1934. For non-reporting companies, this means that certain company information, including information regarding the nature of its business, the identity of its officers and directors, and its financial statements, is publicly available.


ALSO:

They filed an S 8 in 2016 to issues themselves shares. Also by filing SEC reports they have met the requirements of 144(i)(2).


Thus the exemption is available to remove the restricted legend.

Remember that even though Wade Mezey is disbarred, he still knows the law.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

However, according to Rule 144(i)(2), an issuer can “cure” its shell status if the issuer:
• has ceased to be a shell company as defined in Rule 144(i)(1);
• mandatorily files reports with the SEC;
• has filed all required SEC reports and other materials during the preceding 12 months (or for
such shorter period that the issuer was required to file such reports and materials, other than
Form 8-K reports); and
• has filed current “Form 10 information” with the SEC reflecting the issuer’s status as an entity
that is no longer a Shell Company, and at least one year has elapsed since such Form 10
information was filed.



Indicate by check mark whether registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

https://www.sec.gov/Archives/edgar/data/1518380/000147793216012181/cgld_10q.htm



Indicate by check mark whether registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

https://www.sec.gov/Archives/edgar/data/1518380/000147793216013629/buscar_10q.htm


Indicate by check mark whether registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x


https://www.sec.gov/Archives/edgar/data/1518380/000147793217000785/buscar_10q.htm


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ¨ No x

https://www.sec.gov/Archives/edgar/data/1518380/000147793217003317/buscar_10k.htm