This little nugget came from the IR guy on The Biz forum. Now I understand why all of the confusion.
Form 3 is ordinarily used when new securities are issued. Form 4 is used when the securities change hands. It is Abraham Blauvelt Ltd.'s obligation to file a Form 4 about their acquisition. We are informed that they are in the process of obtaining their SEC codes to allow them to make filings. Regardless, we are not responsible for their filing obligations and any failure to file would not affect us. We have filed a Form 8-K to announce the change of ownership.
If what he says is true (and it's not), then why did My Pleasure Ltd file a Form 3 after acquiring previously issued securities in 2008? I also disagree with the statement that failure to file a Form 3 by a new control owner will have no affect on the issuer. Maybe we will receive a ringside education about those consequences.
Apparently, the IR guy has also gone into hiding as previously mentioned.
Where are the Chinese billionaires hiding?
