InvestorsHub Logo
Followers 14
Posts 985
Boards Moderated 0
Alias Born 09/20/2009

Re: mahatmapaul post# 98315

Friday, 07/15/2011 1:21:45 PM

Friday, July 15, 2011 1:21:45 PM

Post# of 103340
Informing the company of planned forthcoming legal proceedings accomplishes more than one issue.


Companies that have prior knowledge as to threatened and/or planned lawsuits are effectively road blocked from future reverse merger undertakings. The SEC Information and Disclosure Statement, Pursuant to Rule 15c2-11(a)(5) specifically asks that question from any company filing to reverse merge.

I believe they might be prohibited from taking this company private as well, until matters of this nature are resolved.

~ A small acorn has rooted ~