Existing shareholders face a severe loss of transparency and liquidity as the company 'goes dark.' Without SEC reporting, financial condition and operations become opaque. Monitor for any subsequent going-private transaction or shareholder litigation.
Price Chart
Executive Summary
My City Builders, Inc. (MYCB) filed a Form 15-12G on July 30, 2026, to voluntarily terminate its SEC registration under Section 12(g) and suspend its duty to file reports under Sections 13 and 15(d). The company has approximately 230 holders of record and is traded on the OTC exchange. This 'going dark' move eliminates public reporting obligations, significantly reducing transparency for existing shareholders and likely pushing the stock to the OTC Pink Sheets with minimal liquidity.
Key Facts
- Filed Form 15-12G to terminate SEC registration under Section 12(g) and suspend reporting under Sections 13 and 15(d).
- Approximately 230 holders of record as of the certification date.
- Effective immediately on July 30, 2026.
- Common stock, par value $0.001 per share, is the sole class of securities covered.
- Company trades on OTC exchange; deregistration will likely move it to OTC Pink Sheets.
- Signed by Interim CEO Yolanda Goodell.
- No concurrent merger, acquisition, or going-private transaction disclosed in the filing.
- Company has a history of name changes (iMine Corp, Diamante Minerals, Inc., Oconn Industries Corp).
Financial Impact
Loss of SEC reporting transparency for approximately 230 holders; stock likely to trade on OTC Pink Sheets with reduced liquidity and no public financial disclosures.
Risk Factors
- Complete loss of SEC oversight and public financial disclosure.
- Extremely limited liquidity on OTC Pink Sheets; wide bid-ask spreads.
- Potential for adverse shareholder actions or state law fiduciary claims.
- No requirement to file quarterly or annual reports going forward.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 15-12G Filing (MYCB) — Batch item 1 | 0001640334-26-001259 |
| Document: 0001640334-26-001259-index-headers.html | 0001640334-26-001259 |
| Document: 0001640334-26-001259-index.html | 0001640334-26-001259 |
| Document: 0001640334-26-001259.txt | 0001640334-26-001259 |
| 15-12G Filing (MYCB) — Batch item 5 | 0001640334-26-001259 |
| Document: 0001640334-26-001259-index-headers.html | 0001640334-26-001259 |
| Document: 0001640334-26-001259-index.html | 0001640334-26-001259 |
| Document: 0001640334-26-001259.txt | 0001640334-26-001259 |
US Market Status
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