Replies to post #616 on Retrieve Medical Holdings Inc. (RMHI)

[Rattlershehe]

This should help!! No need for Form 10..
Form 10 Shells are often sold for reverse merger transactions. A Form 10 shell is a company with no or nominal operational activity that are “Public Companies” meaning they are obligated to file reports with the Securities and Exchange Commission as a result of filing a Form 10 registration statement. Form 10 shells are rarely a good solution or cost effective method for a private company to obtain public company status. Form 10 Shells do not have a ticker symbol despite having costly SEC reporting obligations. Unlike Form S-1 registration statements, a Form 10 registration does not create “free trading” shares.
A private company using a Form 10 Shell to go public will have to commit time and money to: (i) due diligence and completion of a reverse merger into the Form 10 Shell; (ii) notification to and approval of the reverse merger by FINRA pursuant to Rule 6490; (iii) additional disclosures, including the filing of Form 10 information in a “Super 8-K,” the need for which is triggered by the reverse merger; (iv) locating a sponsoring market maker to file a Form 211 and respond to FINRA’s comments; and (v) apply for electronic trading eligibility from Depository Trust Company (“DTC”).

[Tiger Money]

Merger needs an 8-k. Form 10 us to become an SEC filer

[prosledder]

Idk but that’s the beauty of investing in a ticker with great connections and track record. We don’t need to sweat much. Pretty sure Neil has a plan by now & knows what needs done.

[Zardiw]

Form 10 is used to Register Shares with the SEC. However.......

Stocks trade just the same whether the shares are registered or not. Makes ZERO difference in the trading. Many companies can't afford the auditing costs (of the annual 10K), so they elect to stop reporting and file a Form 15. This effectively de-registers their shares.....again...makes no difference in the trading.

Apparently to re-register the shares, a company files a Form 10.

As far as actually reporting with the SEC, $PKPH has satisfied All requirements with the 17 10Q/K's they filed recently.

5 10K's were filed. Those need to be audited....and they were. Estimated cost is $100,000+ per form......so they spent about 1/2 a milly or so.

There is no requirement to have shares registered for a merger as far as I know.....and again, they are now Fully 'Reporting'.....

I didn't think a Form 10 was required to re-register shares, but apparently it may be.....even though they are totally current with their filings........Which contain the exact same info that a Form 10 has.......makes no freaking sense.....lol.

And a Form 10 is required for companies with $10M+ assets.

However there is a Form10-12G that smaller companies can file instead.

Z