Wednesday, September 23, 2020 10:33:53 PM
In re: The Relisting Fantasy
1. MEC is nott an operating company - it has no business activity and no operating income. In fact, no income of ANY type.
2. MEC owes a judgement of over $600,000 to the lawyers (who quit!) for their services on the Delgado case, and MEC currently has NO lawyers and is unable to proceed in that case because a corporation must be represented by a lawyer, and FailEd cannot afford one and cannot pay the $600,000+ plus accruing interest that he owes the prior lawyers.
3. MEC and FailEd do nott have the munny to pay for TWO YEARS OF AUDITED FINANCIALS and the $150,000+ to pay lawyers to draft an approvable S-1 (which is the ONLY way a revoked corporation can be publicly traded after an SEC revocation of its registration (unlike a gray market ticker which can sometimes use a Form 10). The Form 10 route is NOTT available to a revoked registration.
4. No S-1 for a company with no existing business operations and no operating income has ever been nor will ever be allowed to 'go effective' by the SEC.
MEC can't provide TWO YEARS of AUDITED financials and can't submit an approvable S-1 either. Plus FailEd can't afford either of those two requirements.
PLUS, MEC doesn't even have an office, phone, website, or any physical presence whatsoever. It is nott an operating business even! It is shell company, and is ineligible for an approvable S-1.
So pack that "relisting" fantasy away and bury it.
1. MEC is nott an operating company - it has no business activity and no operating income. In fact, no income of ANY type.
2. MEC owes a judgement of over $600,000 to the lawyers (who quit!) for their services on the Delgado case, and MEC currently has NO lawyers and is unable to proceed in that case because a corporation must be represented by a lawyer, and FailEd cannot afford one and cannot pay the $600,000+ plus accruing interest that he owes the prior lawyers.
3. MEC and FailEd do nott have the munny to pay for TWO YEARS OF AUDITED FINANCIALS and the $150,000+ to pay lawyers to draft an approvable S-1 (which is the ONLY way a revoked corporation can be publicly traded after an SEC revocation of its registration (unlike a gray market ticker which can sometimes use a Form 10). The Form 10 route is NOTT available to a revoked registration.
4. No S-1 for a company with no existing business operations and no operating income has ever been nor will ever be allowed to 'go effective' by the SEC.
MEC can't provide TWO YEARS of AUDITED financials and can't submit an approvable S-1 either. Plus FailEd can't afford either of those two requirements.
PLUS, MEC doesn't even have an office, phone, website, or any physical presence whatsoever. It is nott an operating business even! It is shell company, and is ineligible for an approvable S-1.
So pack that "relisting" fantasy away and bury it.
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