Replies to post #6752 on Buscar Company (CGLD)

[surfkast]

That is only a claim for new shares! (cough, cough)

THE TWO YEAR HOLDING PERIOD DOES NOT APPLY FOR PREVIOUSLY ISSUED SHARES.

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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

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.

[ptcgolf]

Fact #1 14.8 million common shares that Anastasia currently owns do not have any holds on them. Fact#2 The 9.965B preferred voting shares gives her control of the company. IMO the recently added 177 million common shares will have that Restricted label removed via an attorney's opinion letter and they will become free trading.

[goingUPagain]

exactly! new management, everything they said they would do they have done.. now on to actual mining... this is a long term hold... at least for 2 yrs... float stays the same... 3.25 milly.. how can other otc stock beat that?

[ptcgolf]

Promo, Promo, Promo...step right up folks we have a burned out mine full of pyrite...got to be worth billions

[Eli-316]

CGLD-In case you forgot, CGLD has a float of 3.2 million.

July 1, 2020-Our intermediate term objective is to move to OTCQX status at the appropriate time, so let me put that objective together for you here in a logical thought process that is relatable. Buscar is a non-reporting company. There is no advantage to us to change that status. In fact, you can hold QX status as a non-reporting entity. As a non-reporting company, all new shares issued to new officers and directors, including me will have a two year hold. Beyond that two years, we plan to incentivize all shareholders in a unique way that encourages long term ownership. There are approximately 3.2M shares in the float. On the day that we issue the new restricted shares to lock in majority ownership as part of the reverse merger, the float will still be 3.2M shares.