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Tuesday, April 02, 2024 1:30:38 PM
Your patience is much greater than mine regarding the question of who controls the removal of the appended "D".
When I have time, I'm going to go back to FINRA to see if I may have missed something (even I make mistakes occasionally - lol).
Given what you have found with co-pilot I found this part most interesting: "The decision to remove the “D” designation follows a predetermined timeframe and is not discretionary." This makes sense if FINRA is in control of these changes, and it is up to FINRA not the company who decides when the D is removed.
Perhaps since the RS was a "whopping" 4000 to 1 (essentially wiping out previous shareholders), FINRA is keeping the "D" appended until it receives some unidentified info from the company. This makes sense as well to me.
Anyway, as I said whenever the "D" comes off it probably won't matter to those who are trading this ticker for short-term gains. Heck, if I wanted to swing trade SNPWD I could probably make a few bucks as well. However, such trading is definitely NOT worth the risk to me for a few bucks.
I plan to keep following this ticker just out of my own curiosity. I've got a feeling there is more to this story than we know publicly. But who knows how this will end? I for one would surely not claim to know how it ends. I have some hunches, but no sense in posting them as it is all merely speculation.
Disclaimer: Do not rely on my projections or opinions to make a buy or sell decision. Always do your own DD.
Recent SNPW News
- Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 07/16/2024 05:42:01 PM
- Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 07/16/2024 02:11:06 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 07/15/2024 09:15:30 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 04/01/2024 09:04:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 10:15:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:30:36 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 10/23/2023 09:15:31 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 10/13/2023 09:00:08 PM
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