Code Green Apparel Corp (CGAC)

[linda1]

The new SEC 18-months rule - a Shell has
to be conducting a business by the end of it
or be delisted to the “ Expert Market “ which
has no public quotation.


The 18 - months period starts on the first
day of the Shell’s public quotation by a market
maker.


“ In the hope of putting a stop to that, the
new rule specifies that a shell company can
only continue to trade for 18 months following
its initial quotation by a market maker. If it is
still a shell after that time, it will no longer
qualify for public quotation. “


https://www.securitieslawyer101.com/2021/the-amended-rule-15c2-11-is-bad-news-for-shell-vendors/