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Re: Blur post# 35327

Thursday, 02/25/2021 7:47:56 AM

Thursday, February 25, 2021 7:47:56 AM

Post# of 45194
1:100 RS has already been filed just a matter of when FINRA approves it. It will show on the daily list 24 hours prior to implementation.

https://otce.finra.org/otce/dailyList

What Is a Non-Assessable Stock?

A non-assessable stock is a class of stock in which the issuing company is not allowed to impose levies on its shareholders for additional funds in order to make further investments. The maximum liability the purchaser of the stock assumes is equal to the initial purchase price of the shares. Stocks issued by U.S. companies and traded on U.S. exchanges (and almost all other exchanges) are generally non-assessable.
Key Takeaways

Non-assessable refers to a class of shares that do not allow the issuer to demand additional payment for the shares from stockholders.
The majority of shares are currently non-assessable.
In the 19th century, companies issued assessable stock at a discount with the understanding that the issuer could levy an assessment for more funds on shareholders in the future.


https://www.investopedia.com/terms/n/nonassessablestock.asp