Discover and read the best of Twitter Threads about #custoandflow
Most recents (2)
#IntoTheDD
#ReverseSplits
(1/8)
Reverse splits are often seen as evil incarnate. This is sometimes true and false.
Today we'll slightly go over:
1. What is a reverse split
2. The high-level process
3. The good
4. The bad
5. The ugly
6. How to spot a reverse split
#ReverseSplits
(1/8)
Reverse splits are often seen as evil incarnate. This is sometimes true and false.
Today we'll slightly go over:
1. What is a reverse split
2. The high-level process
3. The good
4. The bad
5. The ugly
6. How to spot a reverse split
#ReverseSplits
(2/8)
What is a reverse split--
* A reduction of shares which increases the share price
* Does not change the value of your shares
* Market cap does not change
(2/8)
What is a reverse split--
* A reduction of shares which increases the share price
* Does not change the value of your shares
* Market cap does not change
#ReverseSplits
(3/8)
The High-level Process--
1. Announcement via 8-K, 10-Q, 10-K, or articles of incorporation.
2. Shareholder approval (if required).
3. Company submits notice to FINRA 10 days prior to the effective date.
4. Split posted to the OTC Daily List.
(3/8)
The High-level Process--
1. Announcement via 8-K, 10-Q, 10-K, or articles of incorporation.
2. Shareholder approval (if required).
3. Company submits notice to FINRA 10 days prior to the effective date.
4. Split posted to the OTC Daily List.
#IntoTheDD
#CustoAndFlow
(1/9)
Custodianships are one of the hottest plays right now. Why? People love the potential when it comes to reverse mergers.
But what are custodianships? I'll provide an overview in this thread.
REMINDER: The process differs based on state law.
#CustoAndFlow
(1/9)
Custodianships are one of the hottest plays right now. Why? People love the potential when it comes to reverse mergers.
But what are custodianships? I'll provide an overview in this thread.
REMINDER: The process differs based on state law.
#CustoAndFlow
(2/9)
A person, or business, may seek custodianship over a shell.
We call a ticker a shell when the associated public company is abandoned and State annual reports have not been filed in years.
The Secretary of State reports the status as Revoked or Inactive.
(2/9)
A person, or business, may seek custodianship over a shell.
We call a ticker a shell when the associated public company is abandoned and State annual reports have not been filed in years.
The Secretary of State reports the status as Revoked or Inactive.
#CustoAndFlow
(3/9)
A petition for custodianship is filed with the courts to initiate the process.
Some of the information required in the petition is:
* Company is inactive.
* Applicant's evidence of attempted contact with officers.
* Applicant is a shareholder
(3/9)
A petition for custodianship is filed with the courts to initiate the process.
Some of the information required in the petition is:
* Company is inactive.
* Applicant's evidence of attempted contact with officers.
* Applicant is a shareholder
