Replies to post #110999 on Bots Inc (BTZI)

[Kroooo]

This is from Investopedia,

SEC Form 15 is a voluntary filing with the Securities and Exchange Commission (SEC), also known as the Certification and Notice of Termination of Registration. It is used by companies to revoke their registrations as publicly-traded corporations.

Form 15 is typically used by small companies with a limited number of shareholders who decide that the expense and reporting requirements of remaining a publicly-traded corporation are too onerous. The company's shares will cease trading, while its remaining owners may retain or sell their shares privately.


It says the shares will cease trading, not sure how the selling privately part is done. But no way you can say this is good. They don't even have the money to file so they are doing this which indicates those business ideas didn't work out

[CashBowski]

No brother, that’s not what a Form 15 is for.
It’s right in the filing:

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.