Wednesday, December 15, 2021 2:06:37 PM
When they do a cusip/name change they go through EGOC's information and also will go through the shares with a fine tooth comb prior to finalizing the official cusip/name change That's kind of why it takes so long for them to process these changes(or at least that's what I have been told). A lot of times there could be phantom shares out there or naked shorts or shorts and they would have to be cleaned up in this process and could cause a short squeeze. I don't see a short squeeze being a result here but the point is when EGOC/ECEN changes get approved we are looking at a squeaky clean company because of all of the scrutiny involved.
Another major point is if approved it just validates that the new company is worthy, real and solid based upon all of the information that the new company provided in their application. This validation is a big deal in general. Let's face it there are still those few out there that constantly are jabbering about how this company is not real, they can't find information bla blah blah.. This FINRA scrutiny will or should definitely put their little whinings to rest. Actually they should already be put to rest but some people cling bitterly to their own fear mongering . lol
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