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gyro 1

04/23/17 11:34 PM

#1079 RE: WestTexas #1078

True, but no need to stop there. Open trading on GNBA, AND have an IPO with GAC.

pcarew

05/09/17 5:19 PM

#1082 RE: WestTexas #1078

I hate to burst bubbles, but...

Actually the registration of GNBA was "Revoked", not suspended.
So (according to SEC), at a minimum Form10 (Stock registration) would have to be filed, possibly followed by a subsequent S1.

See:
" ...Several recent cases suggest the SEC is now recommending that issuers who want to make things right should accept revocation, and then ***get two years of audited filings in order*** and file a new Form 10"
http://promotionstocksecrets.com/the-sec-just-suspended-my-stock-now-what/

The IPO Road Less Traveled: Form 10:
http://www.biotech-now.org/wp-content/uploads/2013/02/2013-2-21-Form10.jpg

Form S-1 vs. Form 10- What’s the Difference?
- In short, a Form 10 is used to register a class of securities (ex. common)... while the Form S-1 is used to register specific shares of the company or its ***current shareholders shares*** for sale/resale.

- Filing a Form 10 does not “take you public.” A Form S-1 would have to be filed following the Form 10 if you want to ***register specific shares for investors***

https://slgsecurities.wordpress.com/2012/12/18/form-s-1-vs-form-10-whats-the-difference/