Replies to post #6097 on Buscar Company (CGLD)

[surfkast]

They filed an S 8 in 2016 to issues themselves shares. Also by filing SEC reports they appear to have met the requirements of 144(i)(2).


Thus the exemption appears to be available to remove the restricted legend.

Remember that even though Wade Mezey is disbarred, he still knows the law.

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However, according to Rule 144(i)(2), an issuer can “cure” its shell status if the issuer:
• has ceased to be a shell company as defined in Rule 144(i)(1);
• mandatorily files reports with the SEC;
• has filed all required SEC reports and other materials during the preceding 12 months (or for
such shorter period that the issuer was required to file such reports and materials, other than
Form 8-K reports); and
• has filed current “Form 10 information” with the SEC reflecting the issuer’s status as an entity
that is no longer a Shell Company, and at least one year has elapsed since such Form 10
information was filed.


FORM 10-K



(Mark One)



x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended March 31, 2016


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ¨ No x




https://www.sec.gov/Archives/edgar/data/1518380/000147793216011381/cgld_10k.htm

Shell No


https://www.otcmarkets.com/stock/CGLD/profile

SEC Filings


https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001518380&type=&dateb=&owner=include&start=0&count=40


Plus experienced investors know that once they filed the form 15, they have wiggle room with SEC rules as they now are non reporting.