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lucky, mydog

10/09/23 12:15 PM

#99068 RE: Express1 #99067

that is complete and total nonsense. the finra daily list is the official notice. an 8k is simply notice of the finra action. this is beginners stuff.
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work-n-hard

10/09/23 12:28 PM

#99069 RE: Express1 #99067

The company has said it will disclose the date in a 8-K, so they should be putting one out. But I have never seen FINRA post the date and that turn out not to happen.
What the company did get wrong was, when they used the word "approval", in regards to FINRA.
FINRA does not approve or disapprove R/S's. That is done at the state level. The Bd. of Dir's APPROVED the R/S and sent it to FINRA to be processed. If they find an issue in the paperwork, "the processing" comes to a halt, until the issue is worked out. If FINRA suspects illegality in the paperwork, then they refer it to the SEC.
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work-n-hard

10/09/23 12:37 PM

#99074 RE: Express1 #99067

Here is the proof: Be Wary of Announcements Regarding FINRA "Approval" of a Corporate Action

https://www.finra.org/investors/insights/corporate-actions-public-companies-what-you-should-know

However, FINRA is not responsible for approving or disapproving the action the company is taking