I agree that this suspension was triggered by the transfer of the ownership. It prob was a trigger that went into place since a) was delinquent and b) transfer of ownership. I believe good times will come!
Great info morg!!! So we'll be getting another 8k soon with new business scope and shell risk removal. We should also get some insight on financials which will give us an idea of where PPS should be. COHO was already undervalued with Orie's trash collection revenue...there should be a huge revenue boost now that we're a real estate company $$$
Per Orie on suspension of COHO:FYI "When the new owners filed the 8K for change of control the SEC immediacy demanded that they will file a Super 8K which also involves financial disclosures and elaborate in details about the new company as well as handle the matter of revoking the shell status through the new ownership.
The new management security lawyer is working on it and it should be filed shortly according to them.."
A “Super 8-K” is an industry term used for an 8-K filed under Item 2.01 for the completion of a transaction and Item 5.06 of Form 8-K to report a change in shell status. Where a company completes a transaction such as a reverse merger, business acquisition or asset acquisition which has the effect of causing it to cease being a shell company, it must file an 8-K under Items 2.01 and 5.06 within four (4) business days of the triggering event. This 8-K requires, that the company file the information that would be required if the company were filing a Form 10 registration statement under the Exchange Act including audited financial statements. In other words, a Super 8-K is an 8-K with a Form 10 registration statement included therein.
Generally an 8-K does not allow for incorporation by reference, however, the instructions for a Super 8-K specifically allow for incorporation by reference to other filings that contain disclosure or information that must be included in the Super 8-K.[/I]
Per Orie on suspension of COHO:FYI "When the new owners filed the 8K for change of control the SEC immediacy demanded that they will file a Super 8K which also involves financial disclosures and elaborate in details about the new company as well as handle the matter of revoking the shell status through the new ownership.
The new management security lawyer is working on it and it should be filed shortly according to them.."