Replies to post #40946 on Top Shelf Brands Holdings Corp. (DKTS)

[jettson]

If removing a cert chill was as simple as changing the CUSIP and ticker ... wouldnt be much trouble to clear a chill.

All chilled certs bearing the previous CUSIP are subject to CUSIP change and would then carry the chill over.

My guess is that the chill stays chilled until Hillsborough County comes forth and wipes the cert ownership debate off of the table.

[Sooah]

De-registration and termination of a class of securities are one in the same, SCM so the 15 effectively de-registered TEMN shares which is fine. Termination of a class of securities would not cause TSB to have no assets--it would have no marketable equity (securities) under TSB. TSB and the old Team would not be able to rely on the availability of Rule 144 either way unless TSB qualified as a development stage company but given TSB will soon become revenue generating, I don't think it'd qualify as a shell or a development stage company--these are my preliminary thoughts at the moment.

So, I am of the opinion that TSB must file a registration statement to give rise to its equity. But I am not convinced that removing the chill is a prerequisite to achieve that.

Getting too old for this shite...but will read over the Regs again like I said.