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Arizzle

08/18/15 5:15 PM

#135571 RE: locksflooring #135565

A RS results in a new OS....how can a new OS be determined if the current OS is not reported? A filing is required to state the ratio of shares along with the pre and post split OS. It's very simple.
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Sharktnk

08/19/15 2:24 AM

#135616 RE: locksflooring #135565

So I'll take that as a yes to conceding that they are not only delinquent but in jeopardy of being suspended.

Here's your other answer:

SEC Rule 10b-17 requires any issuer with any class of publicly traded securities to give notice to FINRA (or, if the securities are listed, to the exchange on which they are listed) of any:
•dividend or other distribution, whether in cash or in kind (except an ordinary interest payment of a debt security)
•stock split or reverse stock split
•rights or other subscription offering.

The circumstances in which FINRA may make such a deficiency determination are limited to the following:




•The issuer is not current in its reporting obligations to the SEC or other regulatory authority


•FINRA knows that the issuer or persons associated with or related to the issuer or the corporate action may be potentially involved in fraudulent activities related to the securities markets or may pose a threat to public investors


http://www.fromthesoxup.com/2011/11/notices-of-corporate-actions-by-public-issuers-without-exchange-traded-securities/



Deficient
Delinquent
Denied