S A M Trade Asia Pte. Ltd. (SMFX)

[thelimeyone]

SMFX

We are in the final stage of a Custodianship/Reverse Merger.

In addition there is a moratorium of 18 months from Sept on all shell stocks, see video below provided by the OTC. Go to just before 12m mark:

SEC final rule, go to p96-97.

https://www.sec.gov/rules/final/2020/33-10842.pdf

"The Commission, however, is also concerned that a blanket prohibition on broker-dealers’ ability to rely on the piggyback exception for shell companies may negatively impact capital formation opportunities for privately held companies that seek to merge into OTC shell companies (through reverse mergers) as an alternative to an initial public offering (“IPO”). The amended Rule appropriately balances the promotion of investor protection and the facilitation of capital formation by allowing broker-dealers to maintain a quoted market in the securities of shell companies to provide opportunities for privately held companies to engage in reverse mergers with such publicly quoted shell companies, for a limited period of 18 months."


tlo.