Bakken Energy Corp. (BKEN)

[DragonBear]

Well after 2 weeks, the registration license will expire

and SEC have been very active quickly suspending unregistered and non-filing companies like BKEN.

The SEC doesn't care if the business license has expired for a non-registered stock such as BKEN. The only time that would come into play for BKEN is if the CMs were so bold as to file a Form 10 to register the stock. Where it has to be stated in the Form 10 in which State the company has a business license.

The SEC doesn't care if the unregistered stock is not filing with the OTC. The OTC site is littered with stocks trading which haven't filed a meaningless OTC report for years. Any insider dumping under a STOP sign might get some SEC attention. The OTC site outlines the danger for insiders (e.g. trading on insider info). After trading has ceased completely for N years, FINRA eventually gets around to cleaning out the ticker. But trading has to be absolutely nil.

If the stock was registered, then the filings must include a statement about where the company is licensed. No business license leads to a SEC filing delinquency. If left unattended for about 2 yrs, the SEC delists the stock. Meanwhile all insider shares under Rule 144 are frozen.

For all practical purposes BKEN could continue to trade for years, with retail swapping stock, and no additional OTC filings. The real game is whether the CMs want to enable insider dumping again. They have to file some OTC nonsense to get rid of the STOP sign. Until they do that, no incentive for them to stage a PR pump they can't benefit from. Until then, you have retail swapping stock with low volume. Currently it seems the CMs have disappeared into the wilds of China.