Rightsmile, Inc. (RIGH)

[Bretwalda]

Its a good question reguarding RIGH!

Ive quoted some comments from another forum, and its just some comments about this issue in general, for what its worth.




http://www.onlinetradersforum.com/showthread.php?t=17145



"So recently a company decided to change its name and the ticker symbol is going to change as well... how long does this process take to make the change?"


"For the ticker symbol, I think it's a matter of setting a date and making it so.

For the name, there is usually both a date for "re-branding" and a PR campaign so that folks like us are aware of the re-branding.

For example: RIO is the ticker symbol for "Companhia Vale do Rio Doce." This company used to be referred to as CVRD. They have changed their name to "Vale." They have a significant advertising campaign slated for early 2008 to make folks aware of their name and what they do [mine iron ore big time]."


"Ticker symbol is an exchange thing and is very quick, the corporate name change is a different thing and requires several steps. The articles of incorporation must be amended, or dissolved and then reorganized, first in the state of incorporation, then with the SEC. There is a big difference in the procedure if subsidiary entities are involved or corporate structure is changed. When Phillip Morris changed it's name to Altria it was a matter of filing with the State (Delaware I believe) and amending the corporate documents to reflect the change. When your PLKC changes it's name, it involves a subsidiary entity actually exchanging it's stock for PLKC, and a significant change in corporate structure, so they will have to dissolve the corp and reorganize the new corp with new (founding) documents. Since they are doing all of this and doing several cash raising maneuvers they will have to go through an independent audit, receive OK from the state, then submit the documents to the SEC for review and/or acceptance. Then they will apply to the exchange for a new symbol. It appears these things have been done and they are waiting on the SEC for final approval, which can take as little as 30 days if everything is perfect and the company is appropriately capitalized, or years if not.
The SEC website has the regulations but it's very cumbersome and hard to find the info in a readable form.
www.SEC.gov
This page will help you find more of what you are asking,
http://www.sec.gov/about/laws.shtml
The securities act of 1933 lays out the basics, but remember to check SarBox for up to date regs."