Gemini Exploration (fka GMXS)

[Renee]

The SEC wasn't kidding when they suspended over 800 other stocks for failure to file Financials and then revoked every one of those stocks on DEFAULT, ie., failure to file Financials.

And the SEC isn't kidding with GMXS.

Excerpts from the Admin Proceeding: bold hilites mine:

http://www.sec.gov/litigation/admin/2013/34-69906.pdf

B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents.

IT IS HEREBY FURTHER ORDERED that Respondents shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission’s Rules of Practice [17 C.F.R. § 201.220(b)].

If Respondents fail to file the directed Answers, or fail to appear at a hearing after being duly notified, the Respondents, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents, may be deemed in default
and the proceedings may be determined against them upon consideration of this Order,