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Re: longinvest post# 14496

Friday, 04/18/2014 10:31:56 AM

Friday, April 18, 2014 10:31:56 AM

Post# of 17809
Almost 15 months ago to the day!

Here is substantiation for you:

http://www.sec.gov/litigation/suspensions/2013/34-68728-o.pdf

And here is the issuers 8K filing, 4 days after the OIP, accepting a settlement with the Commission to have the company's registration revoked from trading.

http://www.sec.gov/Archives/edgar/data/1216774/000114420413004418/v333187_8k.htm

Most likely this was done because the company lacked the funds to pay for 2010, 2011, 2012, and 2013 audited and reviewed periodic reports to avoid the revocation.

You can ask the DD Fraud thread, they have yet to see a revoked security emerge with a new clean registration. DTCC also makes it especially difficult, because they want the issuer to source every single share back to its origin before it would cause an issuer to be DTCC eligible for trading again after a suspension. That is almost impossible to have maintain every single document on every issuance and its subsequent transfer going back to 1989 when this company was initially incorporated.

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