InvestorsHub Logo

jrsh

08/03/22 7:03 AM

#205065 RE: nicehit #205064

And here we are back to the old question..... Why didn't they do it long ago? It would have brought them a lot of confidence and credibility!

I still fear that their books would not pass the audit!

shotsky

08/03/22 8:32 AM

#205066 RE: nicehit #205064

No, private companies do not reverse merge with holding companies. They generally do it with a non-functioning shell company that has no business. I have never seen it happen with a functioning company, let alone a holding company.
In order to become SEC reporting, they will have to fix the stock problem first. They can't even be audited until the stock is all registered with the DTC, and as of right now, they have no plan to do that, because almost 10% of the stock is held unregistered at all. I have a half million shares of that unregistered stock, myself.