Post by
Jack79 on Nov 24, 2021 5:25am
Completely lost chance of listing in MSE...
FRC - Financial regulatory commission of Mongolia gave an official approval on this June. According to Mongolian laws, STGO shall proceed within 6 months after getting FRC approval. Grace period will end this Dec. When grace period ends, STGO cannot proceed listing. Or have to repeat previous process again, it'll took another 1 year to get that FRC approval, i guess.
So, what does above means? It means left no alternatives for raise funds except LOAN, DEBENTURES or any other debt instruments. But CFO dreaming about Asian stock markets...HAH...unqualified, dumbas's...Who will deal with STO even lost a chance listing in local stock market-MSE? NONSENSE....US$200.0 shelf prospectus is just an offer for sell the company, nothing else....
Unqualified gangsta's paradise - STGO...All this is under OSC eyes..