New Colombia Resources Inc fka NEWC

[1manband]

If the suspended company is trading again, does that mean they completed their financials enough to pacify the SEC?

No. The SEC has the power to suspend stocks for only 1 of 2 reasons. Either for fraud, or if they are an SEC registrant, for delinquent filings. And all SEC suspensions, by law, last for exactly 10 days. After the 10 days are up, the stock will resume trading in the gray market - no MM's. Matched trades only.

If a stock is suspended for delinquent filings, the SEC moves immediately to revoke the stock's registration. Once that happens, the stock ceases to trade. Anywhere. They could attempt to reregister with the SEC again, but of the thousands of stocks suspended and revoked, only 2 have managed to successfully return. Not good odds.

And the SEC's position is that once warned and subsequently suspended, the Company cannot cure the delinquency even if they did file all the missing 10-Q's and 10-K's before the revocation. The crime is not filing when due, and that cannot be fixed after the fact any more than a burglar can fix his crime by giving back everything he stole if he happens to get caught. Both get prosecuted for the act.

NEWC is over 2 years delinquent. The SEC is now suspending stocks that are 18 months delinquent, so the NEWC suspension could come at any time. And I think management knows it is coming, which is why they came out with the new company release.