Hi Nistel,
I think the problem is the timing. This "share exchange" could have been announced at a later date.
The way it was handled completely nullified the excitement.
Plus, you are acting like there is virtually no risk here — like the listing is guaranteed.
I have been working hard trying to find an example of a company that filed a Form 15-12g that performed a reverse merger and then uplisted to an exchange. Thusfar, I have been unable to find one.
As I indicated in an earlier post, BUDT is considered partially registered with the SEC. Hopefully all it has to do is file a Form 10 and they can have a massive gap in the filings on EDGAR. I have no idea.
It's also possible they could still uplist after accounting for all of the missing filings.
Again, I have no idea but it bothers me that I am not sure. If they have to account for the missing filings that could cause a huge delay before they are able to uplist.
Can you (or anyone else) show one single example of a company that is trading on the NASDAQ that has a huge gap in their filings?
Had our new CEO handled things in different manner, we could have been given the opportunity to be riding for free. Then these kinds of questions would be far easier to endure.
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