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Friday, 11/04/2022 11:05:39 PM

Friday, November 04, 2022 11:05:39 PM

Post# of 2860
The original Form 10 automatically goes into effect in 60 days, which would be around November 11. I'm not sure if/how the amended Form 10 might affect that. If it does not, than all 115+ million legacy shares should be registered public shares at the end of next week. The IPO shares are a separate thing, under Form S-1. This sequence is not common, but presumably is made necessary by the revocation of the original securities.

So if I am understanding this correctly, all legacy shares should be re-registered with the SEC very soon under the Form 10-12 & Form 10-12/A. The S-1 will then create some unknown lot of new shares, which will be created in conjunction with a reverse stock split of the legacy shares so that listing/valuation requirements of an exchange can be met, while allowing for the dilution that will be necessary to attract interest in the IPO shares. I remain hopeful that this will be trading again sometime in Q1 CY23, with all legacy investors intact.

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