Replies to post #40905 on Southcorp Capital Inc (STHC)

[SaidTheTurkey]

Well we're all gold diggers, that's why I'm invested here. Maybe I should apply?

[chemist72]

OTCNomad. Here is the relevant portion of amended Rule 15c2-11.

The amended Rule appropriately balances the promotion of investor protection and the facilitation of capital formation by allowing broker-dealers to maintain a quoted market in the securities of shell companies to provide opportunities for privately held companies to engage in reverse mergers with such publicly quoted shell companies, for a limited period of 18 months.

I am not certain how to interpret this, but am looking into it. This could definitely be helpful for STHC as well as other OTC "shell" companies that are currently going thru a merger process and have not yet become a current reporting entity.

[chemist72]

OTCNomad. Here is the relevant portion of amended Rule 15c2-11.

The amended Rule appropriately balances the promotion of investor protection and the facilitation of capital formation by allowing broker-dealers to maintain a quoted market in the securities of shell companies to provide opportunities for privately held companies to engage in reverse mergers with such publicly quoted shell companies, for a limited period of 18 months.

I am not certain how to interpret this, but am looking into it. This could definitely be helpful for STHC as well as other OTC "shell" companies that are currently going thru a merger process and have not yet become a current reporting entity.