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ALL OF A SUDDEN ELECTRIC EVERYTHING IS SO DAMN POPULAR!!! This company was way ahead of the game!
Thanks, Renee...
VIICQ hasn't any objection to revocation of registration, so an order of finality should appear any day now. Thinks seem to more more slowly than usual with the SEC during August and early September.
there any hope? all is lost forever?
thanks
The SEC is slow (or slower than usual) in August. But the initial decision ought to be made final soon.
Is this thing still trading. Or is it dead?
revoked means that disappears completely?
we have lost all hope?
thanks
i meant, as i said before, the very day of the suspension that night, someone took out all of the 4's and is what made me even notice this one.
i wonder why the sudden volume, if there is not a good outcome. that was just interesting is all.
What? There were no trades today.
Nothing will happen. Obviously VIICQ never bothered to reply to the OIP. The revocation of registration will be finalized, and that will be the end.
odd, i wonder why someone bought up all the 4's just hours before all of this was coming about.
oh well, lets see what happens in the next 3 to 4 weeks.
The Initial Decision was posted today; VIICQ's registration has been revoked. It will continue to trade until the decision becomes final. That will take anywhere between three weeks to a month or so.
ORDER
It is ORDERED that, under Section 12(j) of the Securities Exchange Act of 1934, the registrations of each class of registered securities of Echo Automotive, Inc., and Vision Industries Corp. are hereby REVOKED.
This initial decision shall become effective in accordance with and subject to the provisions of Rule 360, 17 C.F.R. § 201.360. Pursuant to that rule, a party may file a petition for review of this initial decision within twenty-one days after service of the initial decision. A party may also file a motion to correct a manifest error of fact within ten days of the initial decision, pursuant to Rule 111, 17 C.F.R. § 201.111(h). If a motion to correct a manifest error of fact is filed by a party, then a party shall have twenty-one days to file a petition for review from the date of the undersigned’s order resolving such motion to correct a manifest error of fact.
This initial decision will not become final until the Commission enters an order of finality. The Commission will enter an order of finality unless a party files a petition for review or a motion to correct a manifest error of fact or the Commission determines on its own initiative to review the initial decision as to a party. If any of these events occur, the initial decision shall not become final as to that party.
A respondent may move to set aside a default. Rule 155(b) permits the Commission, at any time, to set aside a default for good cause, in order to prevent injustice and on such conditions as may be appropriate. 17 C.F.R. § 201.155(b). A motion to set aside a default shall be made within a reasonable time, state the reasons for the failure to appear or defend, and specify the nature of the proposed defense in the proceeding.
https://www.sec.gov/alj/aljdec/2016/id1039jeg.pdf
No news. We'll probably hear from the SEC soon.
Is there any news ? hopes?
This company can not be a shell? what about patents?
Thank you
There will almost certainly be no hearing. There only is in one of about a thousand actions like this one.
well, lets first see what the results of the hearing are. i want to know why someone bought up all of the .0004's just hours before the revocation.
the board was quiet, i looked all over ihub, and no one was talking about it and that is the reason i grabbed a few.
There are always idiots trying to make "bankruptcy plays" run. Those success of those plays depends on most of the participants not knowing what's going on.
But VIICQ is different because of the suspension and administrative action to revoke registration. No one will buy, because in two months or less, the ticker will disappear, and the stock will never trade again.
mmm, not yet. someone bought up the 4's just before the susp, and it was quiet, then boom, they bought them up, so, i will remain hopeful.
dead meat here
Technically, it's a telephonic pre-hearing conference. Representatives of all three respondents--Cascade Technologies, Echo Automotive, and VIICQ--were expected to call in on the 19th.
They were also expected to respond by 5 July to the OIP sent to them by the SEC. None did that, so on 7 July the administrative judge issued a new warning:
On June 15, 2016, the Securities and Exchange Commission issued an order instituting proceedings (OIP) against Respondents pursuant to Section 12(j) of the Securities Exchange Act of 1934. A telephonic prehearing conference is scheduled for 2:30 p.m. EDT on July 19, 2016.
I previously found that Respondents were served with the OIP by June 20 and their answers were due by July 5, 2016. Cascade Techs., Corp., Admin. Proc. Rulings Release No. 3937, 2016 SEC LEXIS 2194 (ALJ June 22, 2016). To date, Respondents have not filed answers.
I ORDER that by July 18, 2016, Respondents shall SHOW CAUSE why the registrations of their securities should not be revoked by default due to their failures to file answers or otherwise defend this proceeding. Any Respondent that fails to respond to this order or attend the preheating conference will be deemed in default, the proceeding will be determined against it, and the registration of its securities will be revoked. OIP at 3; 17 C.F.R. §§ 201.155(a), .220(f), .221(f).
https://www.sec.gov/alj/aljorders/2016/ap-3969.pdf
Since none of the companies has answered the OIP, probably they have no intention of doing so, or of calling in to the conference. The next step will be an initial order revoking registration. If the parties fail to object to that within 21 days--and they pretty much always do fail to object--the initial decision will become final. It usually takes a week, sometimes more, for the judge to get round to announcing that.
at 4:03pm e/t it shows 60k at .0004
For now, there's been a single trade since the suspension was lifted several sessions ago. My suggestion to those who want to close out their positions would be that the window of opportunity is unlikely to remain open for long.
welp, for now, its tradable. so, there ya go.
Those of us who follow these things are pretty certain what the outcome will be. Revocation of registration is just about always routine.
no one knows what the outcome will be yet.
i think it was a test buy.
You appear to believe every single trade made in illiquid, formerly-suspended Greys is a "test buy". That is not the case. NO ONE is interested in buying stock in a bankrupt company involved in an SEC administrative proceeding to revoke registration.
no one sees it, but you clearly didnt read my explanation. you have to "fish" for it.
i gotta go check on the pool, after so much rain here in Va over the last couple days, so we will have to continue this "discussion" in a bit.
unfortunately, you are the only one who sees it.
bullshit. there is no bid or ask.
there is a bid and ask, but it is not reported on greys.
i have a sell, or an "ask" out there and someone put in a bid at .0004 that someone had a sell/ask for at .0004.
sorry you dont get that. we make our own bids and ask, we all put our buy or sell order in, through our broker. its there, just not reported.
i can do this alllllllllllllllllllllllllll day.
its like a bid/ask that you cant see.
but here is what you said;
that's nonsense. no mm's are publishing quotes period. not visibly or invisibly as you suggest. what you mistakenly believe is a bid and ask is actually a range of orders within a broker.
I like your profile picture, board is an honor to share with you
yes there is!! lets say that someone has set some to sell at .0004... and the next seller is at .0005 and so one... lets say no one is selling at .0003 or less..
then YOU come along and want some at .0002. but none is avail there.
so, you raise your "bid" to .0003, nothing fills, but you do a test buy at .0004, and boom, there you have 90k.
but technically, there is one,
that is complete and total nonsense. TECHNICALLY, there is no bid or ask.
i think it was a test buy. in the greys, you cant see a bid or ask, but technically, there is one, but if you want to buy, you have to just fish for it.
thats the best way i can explain that.... you are "fishing" blind so you put your hook in at a level you like, but maybe you have to raise your bid/hook higher, til something bites.
thats what i think was going on today. so it appears someone is selling some at .0004 and some sold there.
someone's test trade went through so maybe we will get volume here again.
sounds good GAIL!
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VIICQ CHAPTER 7 RULING 12/3/14
Vision Industries Corp., is a California-based manufacturer of zero-emission hydrogen fuel cell electric hybrid powered Class 8 trucks and terminal tractors. Vision operates in the short-haul, drayage trucking category (the movement of containerized cargo over a short distance, typically less than 50 miles, from a port to an intermodal facility, such as a rail yard). The Company?s products include the Tyrano?, a short-haul Class 8 tractor, and the Zero-TT, a single axle terminal tractor co-developed with Cargotec USA, the world?s largest maker of terminal tractors.
Corporate Office
2230 E. Artesia Blvd.
Long Beach, CA 90805
Phone: 310.454.5658
Fax: 310.450.0202
Island Stock Transfer
100 2nd Avenue South, Suite 705S
Saint Petersburg, FL 33701
Phone: 727- 289-0010
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