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05/23/14 9:09 AM

#2412 RE: hispeedsoul #2411

Is that from the issuer or an unofficial source. Right now, as of today the SEC does not require the acquired company to be audited. The issuer has yet to close on the transaction, therefore, they only thing due and delinquent is the 10Q without JD included except for it disclosed as entered into a material agreement.

When they close on the transaction , the issuer has 4 days to file Form 8K Item 2.01 and disclose and describe the transactions. From that date, 71 days is allowed to audit, consolidate, and include proformas into an amended Form 8K of the original disclosure under Item 2.01 and include Item 9.01 inclusive of the consolidated audited numbers.

Now the issuer is delinquent, S-8 is no longer available to the issuer and Rule 144 is not available to any selling shareholders of 144 stock. And if this were ever a "shell company" by definition of Rule 144(i)(1), any selling shareholders using Rule 144 as an exemption is unavailable for a period of 12 months subsequent to curing the delinquency "shell status".

Going delinquent is derelict by the BoD.