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Replies to #8070 on Gifa Inc (GIFX)
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PenniesGoneWild

10/21/17 11:32 PM

#8071 RE: sir90 #8070

Interesting, didn't know about the seasoning rule.
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fluxambassador

10/21/17 11:34 PM

#8072 RE: sir90 #8070

Nice point - thanks for that
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PenniesGoneWild

10/21/17 11:38 PM

#8073 RE: sir90 #8070

Under the Seasoning Rule, wouldn't the PPS have to be at $4 or higher for 30 consecutive days during the 60 days prior to appliciation on Nasdaq?
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Dai1

10/21/17 11:45 PM

#8075 RE: sir90 #8070

I think I read somewhere it's $40 Million AND share price must be above $4.00. It's true both companies are Billion dollar companies reverse merging DOLV and FRFS it is also true DOLV has had delays because of a previous court case that's almost done but also because Jinbo looks to be merging an insane amount of different businesses into DOLV from what we found so far: next gen cellphone, PayPal like payment system, electric cars and batteries, high end alcohol, mall, health products, and many more products so we believe it's taking FINRA longer to analyze evaluate each one being merged but the time has finally come that DOLVs reverse merger should be completed before Nov 15 because of Q3 coming up.

But back to FRFS I agree the shell is cleaner no pending court cases and primarily only one product or service which is credit lending so you are correct the clean shell with one product service is much easier and faster than DOLVs situation although DOLV will also be multi Dollars soon just like FRFS.