tdbowieknife
2 months ago
Notices to GHS for up to $10,000,000 in shares of our common stock through the earlier of 24 months from the date of the Financing Agreement or until $10,000,000 of such shares have been subject of a Purchase Notice. If issued presently, the 5,000,000 shares of common stock registered for resale by GHS would represent approximately 40% of our issued and outstanding shares of common stock as of August 14, 2024.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1760026/000121390024071827/ea0212074-posama1_meso.htm
..
Buyer Beware
Pump and dump
.
tdbowieknife
4 months ago
Looks like FINRA changed the way they process corporate actions last summer. Now they take a much deeper look into the companies records and business. Before last summer they only did this at the request of the SEC or there were obvious red flags. Like with MSSV and Christensen.
Rule 6490(d)(3) lays out the conditions under which an SEA Rule 10b-17 Action or Other Company-Related Action may be considered deficient and hence may not be processed. The rule outlines several factors that FINRA could use to make such deficiency determinations.
Over time, I have occasionally discussed the FINRA corporate action review process, often highlighting concerns about possible regulatory overstepping. However, the fact is that there haven't been any regulatory or rule amendments to the process for many years, and so, there hasn't been much to comment on until now.
Though this may seem like a complaint, it is worth noting that the FINRA corporate action review process has become more stringent than ever before. Even simple corporate actions now take 3-4 months to process, with more complex cases often taking over a year. The extent of review and scrutiny has increased substantially. Companies should anticipate FINRA examining all current and historical corporate records and actions, outstanding debts/liabilities, shareholder records, and business descriptions and plans. Therefore, firms trading on OTC Markets and considering a corporate action should take into account this significant time factor and ensure that all records are properly organized well in advance.
https://www.lucbro.com/news/blogs/detail/9797/updated-finra-regulations-on-corporate-action-notification#:~:text=Though%20this%20may%20seem%20like%20a%20complaint%2C%20it,more%20complex%20cases%20often%20taking%20over%20a%20year.
Doesn't mean they didn't find issues...
.
Buyer Beware
Pump and Dump
..
SoGozHer
4 months ago
Everyone should reach out to IR before jumpingto false conclusions... they have always shared timely updates with me wheevwr I ask. And maybe some are late to the party, but they made good on LAHO like no one ever did on any OTC that I have ever heard of. That BuyBack saved my bacon. They did buy GSCG, they did consolidate debt, they did grow revenue, they did spin off the Numismatics biz, they did launch Cancun, + more. Pretty sure the PRs at GSCG continues to show promises kept. The name change is live at Nevada Secretary of State, and Yahoo Finance. So if FINRA needs a few extra weeks to sort this out.... giddyup!
tdbowieknife
5 months ago
FINRA can process corporate actions within 10 days if there are no issues.
https://www.aigbelaw.com/securitiesinvestinglawblog/2020/11/19/finra
FINRA and the SEC work together to prosecute issuers when regulatory infractions occur. Because FINRA does not hold the legal authority to prosecute any individual, it actively engages in investigations surrounding market fraud and shares its findings with the authorities that do prosecute. In this way, FINRA plays a vital role in the prosecution of those who violate securities laws. Though its principal mandate is in broker-dealings, FINRA does exercise some oversight on over-the-counter markets, such as OTCQX, OTCQB, OTCBB or pinksheets. FINRA Rule 6490, which was enacted in September 2010, created specific requirements surrounding company changes.
I believe FINRA has been conducting an investigation and that is the reason for the delay and/or denial.
..
Buyer Beware
Pump and dump
.
..
AddieMae
7 months ago
🚨 $MSSV
💰0.0360
Pink Current, AS: 100M, OS: 12M, US: 11M
Update Delay: 72 hours
Authorized Shares Updated:
🔴 6,500,000,000 (2024-04-12)
🟢 100,000,000 (2024-04-15)
Difference: -98.5% (-6.4B)
https://t.me/otcupdatesbot?start=forward69144
todd-m
7 months ago
Give the TDA / Schwab representative the LANS Holdings CUSIP number. A CUSIP number is a unique identifier assigned to financial securities such as stocks, bonds, options, and mutual funds. It serves as a standardized way to identify individual securities, making it easier for traders, investors, and regulators to track and trade them. The LANS Holdings CUSIP number is located on the DWAC form from V-Stock. You submitted a copy of this form to surrender your shares. Once you give the representative the CUSIP number, TDA / Schwab should be able to find your historical purchase price and historical shares owned that you are unable to locate.
Also, were your LANS buyback proceeds wired to your TDA brokerage account or were the LANS buyback proceeds wired to a different financial institution such as a bank account outside of your TDA brokerage account?
Thanks for the information; I'll start an aggressive approach to my situation.
My funds were surrendered for payment. I never got a 1099 from TDA nor from the receiver of the shares. I tried several times to get TDA to provide information on the shares that the surrendered, i.e., the shares purchase price and 1099. Seems like TDA placed the share data in a big black hole. I tried to search back years but not dice. I hope to go to Austin, Texas to see if I can get help from them.
Anyway thanks.
Z-trade
7 months ago
MSSV SECURITY DETAILS
Share Structure
Market Cap Market Cap
501,559
04/12/2024
Authorized Shares
100,000,000
04/15/2024
Outstanding Shares
12,538,968
04/15/2024
Restricted
1,304,872
04/15/2024
Unrestricted
11,234,096
04/15/2024
Held at DTC
9,383,898
04/15/2024
Float
11,234,096
03/19/2024
tdbowieknife
7 months ago
FINRA does not approve anything. And they warn folks about people and companies that make that claim.
Be Wary of Announcements Regarding FINRA "Approval" of a Corporate Action
Companies undergoing a corporate action often issue a press release or other communication, such as a tweet or other social media post, to provide details of the change. For instance, a company might announce a new corporate name that reflects a change in product lines or business focus. However, in the past, some companies have used these publications to suggest that FINRA has somehow "approved" a corporate action or that a corporate action will be effective once FINRA approves it. To clarify, this is not the case: FINRA does not approve corporate actions.
https://www.nasdaq.com/articles/corporate-actions-public-companies-what-you-should-know-2017-12-28
.
Buyer Beware
..
Z-trade
7 months ago
FINRA could certainly have questions…. That happens all the time. That does not mean there are problems.
Questions are a normal part of approval processes in a wide range of things…. The bank had questions for me to answer before they approved my mortgage, it caused a delay, but there were no problems.
Pretty basic stuff here, delays are annoying, but don’t really tell us anything, good or bad, but should always be expected in the OTC.
tdbowieknife
7 months ago
There is a Problem....
The Company anticipates that this Information Statement will be mailed to our stockholders on or about February 12, 2024. Therefore, the Company anticipates that the Name Change will be effective on or about March 4, 2024, or such later date as all conditions and requirements to effectuate the Name Change are satisfied. Notwithstanding the foregoing, we must notify the Financial Industry Regulatory Authority of the Name Change by filing the Issuer Company Related Action Notification Form no later than ten (10) days prior to the anticipated effective date of the Name Change.
https://www.otcmarkets.com/filing/html?id=17258664&guid=6zQ-kWTpsQmSJth
.
Buyer Beware
..