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streak1977

02/21/14 5:46 PM

#16402 RE: 420man #16401

Now that the market cap is $12M, that meets the guidelines to be required to report, no?

420man

02/21/14 5:59 PM

#16405 RE: 420man #16401

No Exchange Act reporting requirements are required until the company has more than $10 million in assets and more than 500 shareholders.


STBV def has more than 500 shareholders, but NOT more than 10 million in assets at this time, so no, the Reg A shares are not required to be included in the share structure. Does that explain why SO many are upset or shocked by the 30 billion shares? Or that the PPS doesn't even budge with the reported billions of shares being bought on the bid?

MarketCap

02/21/14 6:03 PM

#16409 RE: 420man #16401

What's your point? The A/S is still unchanged since October 2013.
page 71 http://www.sec.gov/Archives/edgar/vprr/13/9999999997-13-016270