"Going Dark" - The Simple Path to Exiting the U.S. Public Company Reporting System -
The benefits to the company of terminating its reporting obligations would normally include significantly lower accounting, legal, insurance and compliance costs related to Exchange Act and Sarbanes-Oxley requirements and public disclosure obligations.
...the deregistration process... would help provide some additional liquidity to the company’s shareholders while saving the expense of complying with full SEC, Sarbanes-Oxley governance requirements.
February 10, 2017 ERF Wireless to Apply for OTC Markets Group Alternate Listing Standard filed a SEC Form 15 late in CY 2016 and voluntarily terminated its registration under Section 12(G)
In order to support this objective the company has engaged two consultants who are working with the company to bring all financials and filings current. In addition, the company is taking all required actions to prepare the other company information and complete the legal and accounting documentation necessary to prepare and file the application and complete all other steps required to accomplish this objective. http://www.investorpoint.com/stock/ERFB-Erf%20Wireless%20Inc/news/7505849279188187/
December 29, 2016 FORM 15 Rule 12g-4 15-12G Certification of termination of registration of a class of security under Section 12(g) or notice of suspension of duty to file reports under Section 13 and 15(d) of the Act Section 12(g).
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