Replies to post #58562 on Gifa Inc (GIFX)

[ForReal]

September 26, 2019 - SEC Proposes Amendments to Enhance Retail Investor Protections

That means enforcement will begin at the end of November. No more trades after Nov. 26, 2019, unless GIFX puts out some financial reports.

This has become a real gamble now.

[Themistocles_I]

The irrelevance of the "September 26, 2019 - SEC Proposes Amendments to Enhance Retail Investor Protections" action

Here are the reasons why this amendment DOES NOT apply to GIFX

1. GIFX has a valid SEC filed 15-12g in place relieving them of any current reporting requirements.
2. All of the GIFX shares are registered.
3. GIFX has a valid 211 market maker sponsorship.
4. GIFX is active under the transfer agent Pacific Stock Transfer.
5. GIFX is not a dead shell.

GIFX actively falls under the SEC reporting standards because IT IS NOT a dead shell. https://www.sec.gov/news/press-release/2019-189