CyberKey Solutions fka CKYS

[Cassandra]

CKYS stock was not registered, therefore there was no registration to revoke. When a stock is not registered, there is no requirement to file periodic reports.

However companies with registered stock ARE required to file periodic reports and if they fail to do so for an extended time, their registration can be revoked and the stock can't be traded at all, even on the grey market.

The SEC's "Operation Shell Expel" has been revoking the registration of literally hundreds of shells that ceased reporting. Additionally even non-shell companies that ceased filing reports with the SEC are being suspended and subsequently revoked.

For this reason, many companies with registered stock that have ceased reporting file Form 15 to de-register their stock to avoid revocation.