Tuesday, January 06, 2015 11:34:17 PM
While it is true Financial Content Inc. was revoked by the SEC for failure to file reports, due to it's inability to come up with the money to do so, it was never the intent of the company to leave shareholders hanging, as evidenced by the filings that were made.
First and Foremost, one must remember what happened to First Content was the result of the general market crash in 2008. Many Dot Coms went under due to their inability to secure financing and luckily, Wilfred Shaw and his colleagues were able to save the company and take it private via a stock transfer, in hopes to resurrect it. In the interim, they were left with a shell they tried to sell and like many at the time couldn't.
Wilfred Shaw made it very clear that they were trying to sell the Shell, to the SEC and stockholders and was always filing properly to convey that. In their last filing of March 2009
Per:Mar 31, 2009 Notification of inability to timely file Form 10Q or 10QSB: http://www.sec.gov/Archives/edgar/data/1100360/000114036109012715/doc1.htm
During this time period Shells were a dime a dozen and this was obviously not the time to "Go Public" for any company. They did what any of us would do given the same situation...read the filings:
http://www.wikinvest.com/stock/Financialcontent_Inc_%28FCON%29/Filing/8-K/2008/Ex-99.1/D2125697
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