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Market Makers Exist

06/24/24 10:02 AM

#9801 RE: Hi_Lo #9800

CIVX is in violation of FINRA Rule 6490

That's a lie.

The SEC accepted their shell request in 2023 indicating the SEC accepted the Reverse Merger.

A shell company is defined as follows: Rule 12b-2 of the Securities Exchange Act of 1934 defines a shell company as a company that has: (A) no or nominal operations; and, (B) either, (1) no or nominal assets: (2) assets consisting solely of cash and cash equivalents; or, (C) assets consisting of any amount of cash and cash equivalents and nominal other assets. The Company believes that it is no longer a shell company

Corporate Action Reverse Merger:
A unique variation is the reverse merger, where a privately held company acquires a publicly traded company, generally one that's struggling. Through this transaction, the private company essentially becomes public, sidestepping the cumbersome process of undertaking an initial public offering. Afterward, it may rebrand itself **and** **issue new shares.**

ISSUE NEW SHARES:
CIVX diluted 80M shares in 2023 before the owner passed away indicating new shares were issued.

Therefore a corporate action tooK place.

FINRA clearly does not agree CIVX violates rule 6490.