InvestorsHub Logo
Followers 407
Posts 58694
Boards Moderated 15
Alias Born 05/01/2010

Re: MONICALAW post# 26077

Wednesday, 05/19/2021 12:24:03 AM

Wednesday, May 19, 2021 12:24:03 AM

Post# of 27589
No, in order to become listed on a stock exchange (not the OTC interdealer quotation service), ATYG must file an initial registration statement with the SEC. That can either be a Form 10 or an S-1. For both, it'll need two years of audited financials. It will also need to have a minimum of shareholders; their stock will constitute the public float upon registration. The stock they own must have been issued to them for consideration at least one year prior to the filing of the registration statement. Most companies sell the stock in a "friends and family" placement; some use Reg D.

When the amended Rule 15c2-11 becomes effective starting in June through Sept. 28, there will be hundreds of OTC stocks that will lose Market Maker representation unless they follow Rule 15c2-11. Here’s the link that explains it:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163814755

RED HERRING IS THE ONLY PROCESS TO JOIN NASDAQ WITH THE FINANCIAL REPORT.