ProText Mobility Inc (TXTM)

[parabolic2020]

This will be my last post addressing this. I've explained my position in as much detail as I can. I've stated that the AUDIT verified our assets, as well as our shareholder count. I don't know how else to explain my position that this is MANDATORY that we become an SEC filer which also mandates a new form 10 due to our lapse and self- termination of the registration under prior ownership. So I will AGAIN point you to your own DD for verification of this.
I've said repeatedly that the ASSETS and the AUDIT let to this threshold as well as the penny stock exempt status which look at the SAME valuation data. That is not an opinion that is fact.

So, I'll use your own post to prove my point. From the SEC website:
https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide

" Increased Statutory Thresholds for Registration and Termination of Registration

The JOBS Act and the FAST Act raised the thresholds for registration and termination of registration for a class of equity securities under Exchange Act Section 12(g).  As a result of the statutory changes, an issuer that is not a bank, bank holding company or savings and loan holding company is required to register a class of equity securities under the Exchange Act if:

it has more than $10 million of total assets; and

the securities are “held of record” by either 2,000 persons, or 500 persons who are not accredited investors..."

It says "IS REQUIRED TO".. as in MANDATORY.. it does NOT say optional. or a requirement for registration. it is MANDATORY a company does so once these thresholds are met. This is not in dispute. The Penney stock exempt status was also triggered by the Audit. If you doubt that ,then explain why only after the audit was applied.

Again the "77" shareholders on the website is a reflection of the TA books tallying cert holders and other entities holding certificates aka brokers and specifically the DTCC(shares held at DTCC) which counts as ONE of the 77. This again, is not the same as individual shareholders (persons aka common shareholders) which imo exceeds the 2000 threshold. Have a good day.