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.”
Earlier SEC Press
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 81314 / August 3, 2017
The Securities and Exchange Commission (“Commission”) announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange
Act”), of trading in the securities of Strategic Global Investments, Inc. (“STBV”), a Delaware
Corporation, at 9:30 a.m. EDT on August 4, 2017, and terminating at 11:59 p.m. EDT on
August 17, 2017.
The Commission temporarily suspended trading in the securities of STBV because of questions
regarding the accuracy of assertions by STBV in press releases to investors concerning, among
other things, the activities of the company with respect to Initial Coin Offerings or ICOs. This
order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange
Act).
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they
should carefully consider the foregoing information along with all other currently available
information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the
Exchange Act, at the termination of the trading suspension, no quotation may be entered unless
and until they have strictly complied with all of the provisions of the rule. If any broker or dealer
has any questions as to whether or not he has complied with the rule, he should not enter any
quotation but immediately contact the staff in the Division of Trading and Markets, Office of
Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is
required by Rule 15c2-11, he should refrain from entering quotations relating to STBV’s
securities until such time as he has familiarized himself with the rule and is certain that all of its
provisions have been met. If any broker or dealer enters any quotation which is in violation of
the rule, the Commission will consider the need for prompt enforcement action.
If any broker-dealer or other person has any information which may relate to this matter, contact
Valerie A. Szczepanik, Assistant Regional Director, New York Regional Office of the Securities
and Exchange Commission at (212) 336-0175. The SEC appreciates the assistance of the
Financial Industry Regulatory Authority.