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Re: DTGoody post# 131

Friday, 03/31/2023 9:31:08 AM

Friday, March 31, 2023 9:31:08 AM

Post# of 289
You cannot just terminate She’ll Status. They can say what they want but there are restrictions or Shell companies would just merge in crap to sell shares. So Yes they can file to remove shell status but there are restrictions and have to also Re file Form 10’s and also request their Codes from the SEC to unlock Edgar to being able to file. So until you see SEC filings nothing is going to happen. Also Restricted Stock for a SEC filer has a 6 month hold. OTC Markets Pink Sheet has a Auto 1 year hold. So that alone is a very big deal if you get restricted. Now I am not saying this deal cannot happen. All I am saying is there are rules in place with the SEC to prevent Fraud.