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BeasTrader

09/30/21 10:38 AM

#61539 RE: Musicman99 #61534

Yes it does. Already been proven.

Many people got answers back from otcm and they even said 60 days and can't be expedited.
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Brucebannerr

09/30/21 10:47 AM

#61543 RE: Musicman99 #61534

And you know this how ? Can you bring up an example of a form 10 filing that took less then 60 days ? The sec says different. But hey I'm sure the self proclaimed experts know better then them .

A Form 10 registration statement automatically becomes effective sixty (60) days following filing. Upon effectiveness the Company which filed the Form 10 registration statement is subject to the reporting requirements of the Exchange Act.
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slingingstonks

09/30/21 10:53 AM

#61548 RE: Musicman99 #61534

For what it's worth, and I certainly hope it's wrong. I called the otc office in NY and while they cannot discuss specific tickers they told me it will in fact take 60 days for the form 10 to become effective, and there would be no uplist off expert market until SEC makes it effective without additional filings to the OTC. I'm hoping that George knows a workaround that we're unaware of because I do have a large position and I'm long here. I'm hoping he can pull a rabbit out of the hat but I'm certainly concerned. If anyone does not believe me here is the contact info for the NY OTC office:

300 Vesey Street, 12th Floor

New York, NY 10282

Phone: +1 212.896.4400