Silverado Gold Mines Ltd. (fka SLGLF)

[LilDigger]

Last week I posted a comment about the SEC revoking symbols trading on the public market. I did a bit more reading on this.

SLGLF is listed on the pinks, which do no require that company be current in its filings to the SEC, 10K's etc. But..............

The SEC (like the Canadians) still require a company to make periodic financial reporting.

"Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder require issuers of securities registered pursuant to Section 12 of the Exchange Act to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports, and Rule 13a-13 requires domestic issuers to file quarterly reports. 17 C.F.R. §§ 240.13a-1, -13."

http://www.sec.gov/Archives/edgar/data/919965/999999999712006406/filename1.pdf

From the "REVOKES" I read the SEC appears to be concentrating on off-shore companies. The SEC even notes in the letters that the companies were trading under an exemption to file while on the OTC markets.

So in order for Silverado to remain in good standing with the SEC, an annual report would be required.