Monday, April 22, 2024 8:33:19 AM
"They are using expedite [sic] service" to change the name back to Integrated Cannabis? And that takes 24 hours?
Eventually, this company will end up as JFH Digital, I'm sure. But short-term red flags:
(1) They announced they were changing their name back LAST WEDNESDAY. Where is this "expedited service" that "maximum takes 24 hours?"
(2) They are not rescinding their previous name change -- they are filing for a new name change. Two name changes in a five-week period. That is supposed to make FINRA happy?
(3) After they change the name back to Integrated Cannabis, they're going to file an annual report for JFH Digital? And that will make otcmarkets and FINRA happy?
If they don't get OTCIQ access by April 30 and file that annual report -- nine days from now -- this ticker is probably going to Expert Market. Considering the red flags above, this thing could stay Expert Market for a while. #2 in particular seems troubling. The company apparently thinks they can tell FINRA "never mind, there was no name change," but there WAS a name change. Lying to FINRA doesn't seem like a good strategy.
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