Sunday, September 27, 2020 6:58:23 PM
You are not correct - you are wrong. Once again, it only matters that they were a shell previously and currently are not a reporting company to the SEC.
The Company was a shell prior to 2016 and are not currently a reporting company to the SEC as a result Rule 144 is not available to them.
The SEC even has the information on their site for you to read. https://www.sec.gov/info/smallbus/secg/rules144-145-secg.htm#:~:text=Under%20the%20amendments%2C%20Rule%20144,unless%20certain%20conditions%20are%20met.
The Company was a shell prior to 2016 and are not currently a reporting company to the SEC as a result Rule 144 is not available to them.
The SEC even has the information on their site for you to read. https://www.sec.gov/info/smallbus/secg/rules144-145-secg.htm#:~:text=Under%20the%20amendments%2C%20Rule%20144,unless%20certain%20conditions%20are%20met.
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