Investors do need to do their own DD. Which I am currently doing. The big question to FINRA's Corporate actions is in regards to a liquidation dividend for a company that is in the process of, or planning on, being dissolved. Not a common dividend.
Wyoming Statutes govern what a company can and can't do. When that company is incorporated in Wyoming as FFGO is.
They have a very simple section governing dissolving of a company and distribution of its assets to shareholders.
Tic Toc
the emails are worthless .. from unknown aliases
investors need to do their own DD
but go ahead and post all the emails you like - puppydotcom
This is what Melissa at FINRA Opeations just told me as of 12:17 PM MST in regard to this --
Q. Can a stock that has been revoked by the SEC, in this particular case a stock under the symbol FFGO, be approved by FINRA to do corporate actions through FINRA; and in particular, issue dividends on the revoked stock?
A. Was the stock revoked under 12(j)? If the stock was revoked through a 12(j) action, the company can not issue a dividend through FINRA.
Q. How would the stock, and in particular FFGO, get back in good graces with FINRA in order to be able to issue a dividend/
A. They would have to go through the 211 process.
So -- was FFGO revoked under 12(j)?
FINRA- Corporate Actions
9509 Key West Avenue
Rockville, MD 20850
Operations: 866.776.0800
Fax : 202.689.3533
otccorpactions@finra.org - FedUpToHere
Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force abusive short sellers to cover above what you paid. Build wealth for fellow iHub'ers!
AI
