Replies to post #43201 on Cann American Corp (CNNA)

[Hi_Lo]

Was Mark Miller, Jason Black or Jason Tucker involved with CNNA at that time? What's that a no?

It doesn't matter.

According to FINRA Rule 6490, CNNA has to file ALL OF ITS FINANCIAL STATEMENTS, not just since the acamming three amigos took over.

https://g.co/gemini/share/c3c65e59379d

Gemini
FINRA Rule 6490 Compliance

Created with 2.5 Flash June 18, 2025 at 07:58 AM
Published June 18, 2025 at 07:58 AM
As a public company wanting to file for a corporate action like a merger or name change, does CNNA have to file missing financials statements to comply with FINRA Rule 6490?

Yes, as a public company, CNNA would likely have to file any missing financial statements to comply with FINRA Rule 6490 if they are undergoing a corporate action like a merger or name change.

Here's why:

FINRA Rule 6490's Scope: FINRA Rule 6490 applies to companies whose securities are traded on the OTC Markets (OTCQX, OTCQB, or OTCPink) and requires them to notify FINRA of various corporate actions, including:

Mergers, acquisitions, dissolutions, or other company control transactions.
Issuance or change to a trading symbol or company name.
Dividends, stock splits, reverse stock splits, rights or other subscription offerings.
FINRA's Discretion and Deficiency Determinations: The rule gives FINRA broad discretion to review the accuracy of documentation and can refuse to process a corporate action if:

The forms and supporting documentation are incomplete, inaccurate, or lack proper authority.
The issuer is not current in its reporting obligations with the Securities and Exchange Commission (SEC).
There's a belief that parties related to the action are involved in fraudulent activities or pose a threat to investors.
There is significant uncertainty in the settlement and clearance process for the issuer's securities.
Importance of Current Filings: The requirement for an issuer to be "current in its reporting obligations" is a key factor. Missing financial statements would certainly make a company non-current in its reporting, triggering FINRA's ability to deem the corporate action request deficient and refuse to process it. This is to protect investors and maintain orderly markets.

In essence, if CNNA wants FINRA to process their corporate action, they must ensure all their filings, including financial statements, are up-to-date and complete to avoid delays or outright rejection of their request under FINRA Rule 6490.

Didn't Mark Miller and Jason Black get CNNA pink current after 2017? What's that a yes?

The SEC doesn't recognize Pink Current. However, it does recognizes whether a company is in violation of FINRA Rules - specifically FINRA Rule 6490 in this case, which CNNA is violating.

But the point is moot since CNNA will never get out of expert market and a delinquent ticker.

[Squirrely_McShitty]

Isn't a former Mark Miller resurrected stock MEDH still trading and just had a record quarter?

Did wonders for MEDH's stock price.