ROKK3R Inc (fka ROKK)

[ottoman]

Reply from SEC regarding Rokk3r inc reverse split/forward split Cash out

I decided, very late, to submit a complaint to SEC regarding the reverse split/cash out transaction with ROKK.

response received today. I've already dealt with my brokers. They're unwilling to help it seems.


Dear Mr. xxxxxxxx:



I am in receipt of your 8/22/2020 complaint.

I am unable to provide you with legal advice, but essentially what occurred is that your broker, as holder of record, now has a private share ownership in Rokk3r. In the reverse merger transaction, the total shares that your broker held in street name were divided by 200 and replaced with an interest in private shares. The remainder of your broker’s total shares (after dividing by 200) was cashed out at $0.64/share. The small payment you received was likely your proportional share (as a beneficial shareholder) of the total cash received by your broker, which may have been less than $128 total.

I understand that this situation can be addressed by your broker through the intermediary of Rokk3r’s transfer agent, Securities Transfer Corporation, of Plano, TX. My understanding is that your broker can seek a cash payment, through Securities Transfer Corporation, for all of your broker’s client accounts that beneficially owned pre reverse-split Rokk3r shares. You might want to inquire further with your broker, as I do not have any additional information that I am able to share with you.



Regards,



Jonathan Cowen | Attorney

Division of Enforcement

[phone] | [e-mail]