MBA Holdings (fka MBAH)

[poesternb]

It means it is his "goal" to uplist from the pink sheets to the otc bb...back to where the stock used to trade before he stopped filing the company's financial reports with the SEC. It would be a step in the right direction, but I don't know if that is even possible:

"Following the removal of an issuer's security pursuant to this paragraph (e), such security shall not be eligible for quotation until the issuer has timely filed in a complete form all required annual and quarterly reports due in a one-year period. For purposes of this paragraph, a report filed within any applicable extensions permitted by Rule 12b-25 under the Exchange Act will be considered timely filed."

I don't see how the company could move back to the otc bb since he has not been filing the quarterly reports "timely", in fact, he hasn't been filing them at all. I don't know, maybe there is some other exception or interpretation of the rule.

I don't believe the lawsuit has been settled. Another oral argument has been set for 10/30.

http://www.superiorcourt.maricopa.gov/docket/CivilCourtCases/caseSearch.asp

Case #: CV2006-004615