I don’t think the Govt or Finra have anything to do with cancelling company shares unless there is a judicial action required at the state level. Thats my understanding how these things work, maybe I’m neglecting a few steps at the state of incorporation level.
Either way my point is don’t say immediate on 1/4/24 and 2 wks later still not a peep.
It was the company. They just got the info to the TA. What a coincidence considering the PPS tanked when it had been moving so easily prior to the announcement.
Everything has been sent over to the TA to cancel the 100mm shares. This should lower the OS by roughly 30% that will hopefully reflect soon.
Assuming the TA can process the transaction it SHOULD reflect on otcmarkets by Monday. It’s now with the TA to complete. $RONNhttps://t.co/nY1ocnftIw