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Re: gr8grins post# 11405

Saturday, 04/12/2025 10:28:55 AM

Saturday, April 12, 2025 10:28:55 AM

Post# of 11650
You are really clueless about pre and post 15c-211 since September 2021.

You posted more nonsense:

"In fact, we’ve seen plenty of reverse mergers where the acquirer files a new Form 211 post-merger with full disclosures, and the stock graduates to full quoting."

Why won't you post a few examples since there is has been according to your Big Talk - where there has been a reverse merger with a public company that hasn't filed a 211 and the surviving company filed a 211. Actually it seems that you don't understand the mechanics of a reverse merger.

Here is a quick primer for you.

OTC shells or companies can have their Form 211 approval effectively "removed" or their ability to be quoted on OTC markets halted for a few key reasons, mostly tied to the SEC’s Rule 15c2-11 and FINRA’s oversight. Here’s the rundown:
Non-Compliance with 15c2-11: The 2021 amendments require issuers to have current, publicly available information (financials, business details, etc.). If a company stops filing updated disclosures or the info becomes "stale" (e.g., no recent reports), brokers can’t legally quote the stock. FINRA or the SEC may flag this, leading to a suspension of quoting activity.

Delisting or Inactivity: If a shell goes dormant—say, no business activity, no filings, or it’s just sitting there as a husk—FINRA can pull the plug. This often happens when shells are abandoned post-hijacking attempts or failed reverse mergers, as they no longer meet the rule’s requirement for an active, transparent issuer.

Fraud or Manipulation Concerns: If FINRA or the SEC suspects a company’s involved in pump-and-dump schemes, insider scams, or other fraud (common with hijacked shells), they’ll halt quoting to protect investors. This can follow red flags like sudden price spikes with no real news or sketchy promoter activity.

"It’s not about what SRNW is now, it’s about what it becomes—and whether the post-merger entity files the necessary paperwork."

Show me a real private company that has used a hijacked shell without a 211 to go public. I have searched and find one but you claim this has been done many times. Just name a few.

But everyone knows that won't happen.

IG

The First Casualty of Emotion is Reason.

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