OTCpinkSRNW (@otcpinksrnw) 's Twitter Profile
OTCpinkSRNW

@otcpinksrnw

ID: 1405212079892492292

calendar_today16-06-2021 17:14:11

39 Tweet

1,1K Followers

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$SRNW is standing by for the court to sign yesterday's order terminating the custodianship and will then proceed with a five for one forward split. We are in discussions to add a significant presence to our board s we work towards our acquisition.

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Concurrent with our filing for a 5:1 forward split, $SRNW is also asking for a new CUSIP number just in case anybody holds any unscrupulous positions.

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$SRNW is on stand by with FINRA, expecting to be on the Daily List (forward split) at any time. In the meantime, today we are beginning the process to have an additional 7,821,897 shares of stock cancelled by the court.

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Tomorrow, $SRNW will file an amended complaint seeking to cancel an additional 39,109,485 shares. For the next four weeks, the company will trade under the symbol $SRNWD

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Following the successful cancellation of the additional 39 million+ shares, $SRNW / $SRNWD will seek to execute a second forward split.

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FINRA rescinded the symbol change in a later Daily List update, so $SRNW will remain. The stock is trading at post-split prices, but MMs neglected to update the Level II, so buys and sells from this morning have all been post-split.

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We looked into why customers of certain brokers receive their post-split shares sooner than others: It is wrong for the brokers to point their finger at the T/A who sends all shares held in street name (retail) to DTC. The problem lies with the broker's relationship to DTC

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The court has set August 16 to hear the motion to cancel 38,609,485 shares of $SRNW. As no opposition has been filed, we foresee no obstacles in having the court order the cancellation.

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An error was made in the 10-Q filed this morning by $SRNW. The correct number of shares issued and outstanding is 49,005,865 and will be reflected in a forthcoming amendment and 8-K

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$SRNW has been temporarily downgraded to OTC Pink Limited while our application to submit financials through OTC's disclosure service is processed.