Well they removed their BLOCKS ETX to try to appease the SEC to get that S1 effective - still doesn’t look like that happened. Wouldn’t there be a filing if it was?
In February 2022, the Company elected to suspend offering the BLOCK ETX products pending further legal analysis regarding how to offer the BLOCK ETXs in a fully compliant manner with the evolving laws and regulatory treatment of such novel products. The Company will continue to monitor the regulatory environment with respect to these products. Per ASC 205-20-50-1(a), the timing of the disposal was February 28, 2022. The Company met the criteria for the BLOCK ETX operations to be classified as held for sale at that time.
Once effective I wonder what the selling will look like.