DOVER, Del., Aug. 04, 2017 (GLOBE NEWSWIRE) — Strategic Global Investments, Inc., a Delaware Corporation (OTC PINK:STBV), has been temporarily suspended from trading on the OTC Market until 11:59 p.m. EDT on August 17, 2017.
Garland E. Harris says, “We have completed our financials for 2015 and 2016 and had just, that day, received and submitted our CIK and CCC codes to proceed with XBL filing when the suspension occurred. We will provide the SEC with all of the current required to resume trading on the OTC Markets by required date of 8/17/2017.
While we do not anticipate any further delays, we are aware that a growing number of our shareholders, that don’t want to wait, are taking steps to trade their shares, that are unrestricted, fully paid and non-assessable on the – 24/7 – Decentralized Exchange Market (“DEX”) under the asset name: “STBV”. https://xchain.io/asset/STBV
The DEX is not centralized under the auspices of any particular country and operates on the Bitcoin blockchain which is global in scope. The DEX provides peer to peer exchanging of assets and is not controlled by brokers, agencies, high frequency traders or shorters. There are no derivatives, futures or options trading on the DEX at this time. On the DEX, sellers of assets can only sell what they actually own!
The only STBV shares that are possible to be traded on the DEX are shares that have been previously registered or exempted from registration and are unrestricted. These shares must be represented initially by a physical stock certificate requested by the shareholder from a licensed brokerage firm or transfer agent and they must be “free trading”.
The Company cannot offer shares on the DEX at this time. Only shareholders of STBV can offer their shares on the DEX.
The Board of Directors will be executing a forward split of STBV shares in the near future that we anticipate will only be tradable on the DEX due to the need for eight decimal places of accuracy for tracking and trading purposes.”