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GetSeriousOK

03/23/24 5:59 PM

#59444 RE: alstocks #59412

Finra won’t review or allow anything til it is Pink current

That's absolutely not true. I posted the FINRA link that specifically states otherwise. Post YOUR proof.

They don’t even have otc access yet

That doesn't matter -- the Corporation is in good standing in the state of Nevada where they are Incorporated and that's all that matters. They filed that form with the State of Nevada specifically stating that they will do a 1:1000 reverse split and I see no reason to doubt they will do it.

I've seen shells and custodianships issue new stock, restructure the shares, move board members in and out, and change the A/S while still "Expert Market," and I've seen reverse splits done while the ticker is "Pink Limited." Furthermore, if this company doesn't want to file quarterly financials, they can stay "Pink Limited" forever and trade the ticker OTC and make any changes to their corporate charter that they want to make.

I don't know when or if the new management notified FINRA, but all they need to do is wait ten days after notifying FINRA before enacting the R/S.

As for "Filings will likely have to be corrected and resubmitted...." Why is that likely? They are Pink Limited now so there's no need to refile anything if they want to stay "Pink Limited." I don't see any missing filings that would stop them from switching to "Pink Current" and if otcmarkets doesn't like a filing they don't upload it. Is there a known problem with one of those quarterly filings, and if so, what is the problem?

They will have to file the annual report on March 31st (assuming they are keeping the current fiscal year ending on 12/31) and an Attorney's Letter on 4/30 if they don't want to switch to "Expert Market." If they don't have otcmarkets access yet... who filed that Q3 report in December?

https://www.otcmarkets.com/stock/IGPK/disclosure