Replies to post #8117 on Gifa Inc (GIFX)

[Cache]

Smoke and mirrors? If you think someone posted false documents, you can order them yourself directly from the NVSOS for about $2 per page if I remember correctly. Are you asking to be spoon fed?

[DeliverySuccess]

FRFS

Some of those tickers you posted with RM's, come were successful, yes...some ended up falling flat and near dead./quote]




lol even the ones that "fall flat"... they ALL run up before the info about the new company comes out.

in all of these you have a VERY long time to sell if you want before the financials of the new company are revealed.

the process itself forces us to wait many months.

so why would you intentionally miss out on multiple gains driven by speculation with virtually no risk based on the forced time table?

[WiseYoda]

RM are not confirmed through the Secretary of any State. You are in error of the process. State filings are the first step in filing any kind of corporate action(s) for a public company including actions such as a RM, or Reorganization Agreement. These pathways are done by a lot of company’s, and is known as the back door method into the marketplace, vs IPO (front door) that cost $1M plus. Just ask Shiftpixy how things are going since there IPO, which are in noway as popular as they once were. The backdoor method is indeed gaining much more popularity due to the savings of such a pathway into the US Stock Exchange. This pathway is followed by CEO’s/BOD who are on their way out, and want to exit the marketplace, and instead of selling a clean shell for $150k-$200k they do a RM, and take an equity position in the new company, and once their holding period expires they get to liquidate accordingly in-turn making much more than just selling their shell.

The next step is to submit all documentation accordingly with FINRA; NVSOS state filings, Board minutes, Board Resolutions, Board Corporate Actions, Majority Vote, and other required documents. Once approved the company will be able to update the marketplace accordingly on what kind of take over has taken place. As long as FRFS doesn’t have any kind of toxic debt and all paperwork is submitted correctly the approval of FINRA will take no longer then 14 business days upon submittal. In retrospect of the NVSOS filing; No one knows what type of take over is taking place, but one thing is 100% certain and that is corporate actions are indeed taking place between FRFS and GIFA.