Reverse Mergers & Low Float Plays

[Potse]

DikFritz...FINRA's policy toward 15-12G filers......

15-12g is to stop reporting to SEC. Why do you care bout that? From vibes and rumors I think in the long run he wants all his shells to be sec reporting, so might be a long wait for all of them.

The FINRA policy regarding 15-12G filers and name/symbol changes is an idiotic policy. I posted earlier this year (see below) about how nonsensical it seems......

The approach that FINRA is taking toward denying name/symbol changes for some current OTC Market companies just does not make much sense. In fact, it seems borderline idiotic when you really think about it.

If a company that is current with its OTC Market obligations wants to change its name/symbol, and it was delinquent on its SEC obligations prior to filing a Form 15, FINRA will deny that request and cite the missed filings as a reason for the denial. However, if that same company files a 10-12G, FINRA will approve the request. That is just idiotic. If those missed filings are so important and concerning to FINRA in the first scenario, why are those missed filings no longer important to FINRA in the second scenario?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171057766

The shell/RM market is always very competitive and challenging. The supply/demand right now is not exactly favorable for getting reverse mergers completed. So anything that might make it easier or harder for any particular shell to complete a deal is something I take into consideration. And that FINRA 15-12G policy is just one such consideration.

Most private companies looking to go public via a shell are probably going to want the ability to change the name of the shell and get a new symbol approved. Now, if that private company intends to become a fully SEC reporting company and perhaps doesn't mind jumping through some more hoops, then the FINRA policy I have highlighted is basically a moot issue. That company can buy pretty much any shell out there, go through the process of becoming an SEC filer, and then get the name/symbol changed. But if that company for some reason does not want to become an SEC filer right now but still wants the ability to do a name/symbol change, or just generally would prefer an overall more "clean" shell with fewer potential headaches/hurdles, then that FINRA policy does become an issue.