Replies to post #27523 on IFAN Financial Inc (IFAN)

[Blue Skys]

Now that's an interesting take on the process that I have not heard before. Hope you keep posting your take on the situation as it evolves.

[Blue Skys]

So just to be clear you are saying that the companies submittal of the S1 will contain sufficient information that a separate 10Q and a lawyer letter are not required to become pink current? I think that is what you are proposing. My feeling about audited financials is they come after the offering when the company is current but not audited. That process would be a use for the money raised in the offering.

[I-Glow]

Everyone can download the Form C - https://www.sec.gov/files/formc.pdf. Could you provide a link to where a company used a Form C to become pink current?

"Eligibility Requirements for Use of Form C

This Form shall be used for the offering statement, and any related amendments and progress reports,
required to be filed by any issuer offering or selling securities in reliance on the exemption in Securities Act Section 4(a)(6) and in accordance with Section 4A and Regulation Crowdfunding (§ 227.100 et seq.). The term “issuer” includes any co-issuer jointly offering or selling securities with an issuer in reliance on the exemption in Securities Act Section 4(a)(6) and in accordance with Securities Act Section 4A and Regulation Crowdfunding (§ 227.100 et seq.) This Form also shall be used for an annual report required pursuant to Rule 202 of Regulation Crowdfunding (§ 227.202) and for the termination of reporting required pursuant to Rule 203(b)(2) of Regulation Crowdfunding (§ 227.203(b)(2)). Careful attention should be directed to the terms, conditions and requirements of the exemption.