Firemans Contractors, Inc. (FRCN)

[waterchaser]

This is not good.
The last thing we heard from FRCN was when they filed Form 15 on November 7, 2014 to cease all reporting to the SEC. Only scam companies do that.

On November 4, 2014, by a resolution of the Board of Directors, the Company decided to file a Form 15 with the Securities and Exchange Commission, in order to suspend its reporting obligations under Section 15(d) of the Securities Exchange Act of 1934. Upon such filing, the Company’s obligation to file certain reports with the SEC, including annual, quarterly, and current reports on Forms 10-K, 10-Q and Form 8-K, respectively, will be immediately suspended. The Company is eligible to suspend its reporting obligations because it has fewer than 300 record holders of its common stock. The Company chose to file the Form 15 in an effort to reduce the costs associated with the preparation of regulatory filings that are required of an SEC reporting entity.

Ok, and in the same 8K where they reported the Form 15, they slipped in the news that one of their three franchises was going out of business.