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loanranger

07/15/19 9:30 AM

#75536 RE: DrivenByPain #75534

"Because we’re very transparent"???

We didn't need it but there's a perfect example of a good reason to think that this Company has no idea whatsoever about what "transparency" really is.
Transparency is NOT simply complying with securities laws, which is all the Company Name Change filing amounts to. Transparency is providing the investment community any information that might be helpful to better understand the Company OTHER THAN what the securities laws require.

Dopes.

"Because we’re very transparent Finra has approved our company name change"
FINRA hasn't approved the name change because the Company is very transparent. That's nonsense.

Carini

07/15/19 9:44 AM

#75537 RE: DrivenByPain #75534

From FINRA's own website:

Be Wary of Announcements Regarding FINRA "Approval" of a Corporate Action

Companies undergoing a corporate action often issue a press release or other communication, such as a tweet or other social media post, to provide details of the change. For instance, a company might announce a new corporate name that reflects a change in product lines or business focus. However, in the past, some companies have used these publications to suggest that FINRA has somehow "approved" a corporate action or that a corporate action will be effective once FINRA approves it. To clarify, this is not the case: FINRA does not approve corporate actions.

http://www.finra.org/investors/highlights/corporate-actions-public-companies-what-you-should-know