Corporate Universe Inc (COUV)

[lesgetrich]

ArKnetEnthusiast1's post #17820 is absolutely correct. Also, while the quote I posted indicates that reinstatement of suspended companies is rare, that doesn't mean they don't happen. It simply means that there are a lot of scam or barely functioning companies that are suspended and can't recover. In fact the statement ends by saying the new rules may make it easier for companies to do so. We've had a number of posts citing companies that have recovered from suspension and are currently trading (e.g. PHOT). In fact, if it's so rare, why is this linked company advertising for business from suspended companies that want to resume trading. They present a case study that sounds very similar to COUV, including a reverse merger with a grey market shell company and "bad actors" in the company management...

Case Study # 10: Resuming Trading on the OTC Following a Trading Halt

In late 2017 we were engaged by a client to assist with its resuming trading on the OTC. The Client had completed a reverse-merger with a non-trading, public company. Basically, the public company had the trading in its shares halted by the SEC. The management of the privately held company, not being very sophisticated, was convinced that merging with this company would easily and quickly allow them to become publicly traded. Unfortunately, this was not the case. As a result, we were called in to help.

The Client: A formerly publicly traded company that had the trading of its shares halted by the Securities Exchange Commission (SEC) in February of 2014 for lack of current public information. In October of 2017, the Company completed a reverse-merger which Trading Suspension - Solved - Coral Capitalbrought new business operations and management to the public company. Their shares were actively trading in the “Grey Market” portion of the Over-the-Counter Market (OTC Market). The new management was seeking to have a 15c2-11 disclosure application filed on its behalf in order to have a fully quoted market for the trading of its shares.

The Task: To address the issues related to the prior trading suspension and trading halt, as well as meet the current requirements for a 15c2-11 application filing.

Issues: The Client needed it satisfy the requirements for Rule 15c2-11, as well as locate a broker/dealer willing to file the 15c2-11 disclosure documents with FINRA. While the Company had competent securities counsel, it lacked the finance personnel to properly prepare its financial statements for an audit.

Secondary Issues: Members of the former management of the public company were deemed to be “Bad Actors” and FINRA would not approved the 15c2-11 if they remained shareholders.

Plan of Action: Coral Capital brought in its team members to prepare the financial statements for an audit by a PCAOB member audit firm. Our team members recommended a PCAOB member audit firm to perform the audit of the Client’s financial statements. One of our team members assisted in the drafting of a registration statement to address the current information requirements. During the process we advised the client on a fund raising structure that would allow for the Company to raise capital without any audit issues with respects to its registration statement.

When the issue of the shareholders who were deemed to be Bad Actors by the SEC was brought to our attention, we advised the Client on a legal strategy that allowed the Client to successfully remove those individuals as shareholders of the Company’s shares.

Finally, we assisted the Client with the preparation of the documents for the 15c2-11 submission.

Results: The Broker/Dealer’s 15c2-11 application was approved by FINRA, and the Company’s shares became fully quoted. Additionally, as a result of the approval of the 15c2-11 disclosure statement, the Company’s shares became piggyback qualified, and approximately 12 months later the Company had 12 market makers trading its shares.

Repeating false and speculative information doesn't make it true. THERE IS NO 5 YEAR WAIT! This is pure made up BS on your part as the case study clearly proves.