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That's good news, but they have their work cut out for themselves.
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If the PR was from before the stock was revoked I might think that the mention of FDSM was meaningless, but maybe a miracle will happen.
GL
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Looks that way as of now...
So FDSM is toast? No chance of trading again?
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Shouldnt the Admins delete this board? the stock no longer exists now...
u got jokes huh!
Amazing how they just keep em coming
Looks like I-Hub just deleted the ticker and quote from its system :)
Someone had to do it. I might as well! the real praise should belong to the SEC for reading my complaint and immediately stopping this the next day.
it traded under that ticker for many years
very bizarre
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revoked means revoked. won't be back. total loss. write it off.
The BOTTOM LINE is, this stock was both suspended and revoked because there was irregular trading activity during the 10 day window starting the day the form 15-12g was filed. Company already deliquent on financial reports for over 8 years. SEC saw that "certain" people were pumping this as a reverse merger play which is a completely unproven rumor and they had to step in to prevent further potential investors from getting wiped out. i did the RIGHT thing by filing a complaint last night, got them to look at this, and stopped it just in time.
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SECURITY DELETIONS
Dl Date Symbol Company Name Effective Date/Comments
8/6/2010 FDSM 4D Seismic, Inc. Common Stock 8/9/2010 12(j) Registration Revoked by SEC **
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=FDSM&OTCBB=ALL
Once again, this will NEVER trade again. not even on gray sheets.
This stock is now worth $0. Atleast in FNLH you could sell in the triple zero areas and get back 1-2% of your investment. The SEC both suspended and revoked this stock, it will never trade on any market ever. sad to see how many people bought in here thought there was a reverse merger, same thing happened to FNLH. IMO this was stopped just in time because if this traded today, more people would be exposed and more money would be wiped out.
Same thing happened here in Fineline Holdings (FNLH.pk)
in July, they filed a form 15-12g to de-register stock, they were deliquent on quarterly reports since 2004 and the SEC watched the stock for 10 days, finally they suspended the stock and now in process of revoking it. Once you file a form 15, you will be under the radar of the SEC and if they find any irregular trading activity it will suspend it, evidently people here were spreading rumors of reverse merger, a rumor that is probably not true, and many potential investors were in danger here so the SEC stepped in. I learned a lesson and i lost money in FNLH, i reported this stock to the SEC last night because i wanted to protect potential investors from losing here too.
I was the one who filed two complaints last night to the SEC and got them to look into this stock.
Manipulation of trading price and failure to file financial reports.
The SEC monitors companies that file form 15-12g's for a window of 10 trading days and if it finds any suspicious/irregular trading activities it will suspend the stock. In this case, i only asked the SEC to suspend it, i had no idea it was already revoked under a previous order. looks like one rock killed two birds here.
Not sure where to get that. Was just going by the SOS.
Your post puts a question on my mind.
Where is the proof of ownership of a shell, to be seen?
i meant if there was/is R/M
What new company?
Does this means that all the stock purchased is useless?
Agree, no idea
really strange
MK
Ya, it's been that way since the AM. Since when does a stock get revoked when they have filed a form 15? I thought the reason a form 15 is filed is so the security wouldn't get revoked?
This makes no sense to me.
Now it doesn t even come up
when entering FDSM on pinksheets
MK
This is looking like a mistake to me. Pink securities can get revoked if they don't file a Form 15. Being that FDSM did, I don't see a problem.
If there was some fraud taking place, the stock would be haulted not revoked imo.
Jimmybob's dd is sound by me, so, if ts is a mia mar play, theshould have the problem ironed out asap and we can get up and rolling soon. can we put bids in?
The way I see the situation now, we should have not been revoked.
We should be good to go now, except for the SEC's action, which I believe was a mistake on their part.
so, as soon as the "new" company becomes fully reporting we are good to go?
Time for the crack legal team from Canada to get on a stick!
Or maybe:
Interesting ~ the revocation was for a max of 12 months starting OCT 2008... how could it still be in place??
Havent found anything other then from pinksheets.... Looks like registration was revoked in 2008 for a period not to exceed 12 months would mean Oct 2009 ... so dont know how this would be a problem now
The judge in the proceeding will then determine whether the registration pursuant to Exchange Act Section 12 of each class of the securities of the respondent should be revoked or suspended for a period not exceeding twelve months.
And here is the email response, just in from pinksheets:
We received a message from the United States Securities and Exchange Commission, Division of Enforcement that the revocation order for Karts International Incorporated applies to this symbol as well because it is a successor.
The revocation order is available online at http://www.sec.gov/litigation/admin/2008/34-58468-o.pdf . It looks like they may not have been aware that the company had already changed its name when it issued the original order against Karts.
Symbol and Company Name Change History
Date Old Symbol Old Company Name New Symbol New Company Name Primary Venue Class Split Type Split Factor
04/11/2006 KTNL Karts International Incorporated FDSM 4D Seismic, Inc. Pink Quote N/A N/A
Name Change History
Date Old Company Name New Company Name
04/11/2006 Karts International Incorporated 4D Seismic, Inc.
Suspended and Revoked
Date Symbol Company Name Status Comments
08/06/2010 FDSM 4D SEISMIC INC
The SEC made this order for Karts effective to FDSM this morning at 9:30AM and all quotes were removed.
Brandon Ferguson
Business Analyst
Pink OTC Markets Inc.
304 Hudson Street, 2nd Floor
Every thing that I have seen leads back to pinksheets. Possibly there is some mix up or miscommunication?
I sent a request to pinksheets for clarification.
where you find that revoke news???
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4D Seismic, Inc. is the current name
A Nevada Corporation
It is currently a shell that was reinstated on 7/13/2010
nvsos.gov/sosentitysearch/CorpDetails.aspx
================================================================
Address:
5155 SPECTRUM WAY BLDG 5
City: MISSISSAUGA
Zip Code: L4W5A1
Country: CANADA
================================================================
Stock Information:
A/S = 100,000,000
================================================================
Company officer:
President & Secretary & Treasurer & Sole Director - PHILLIP WELSH
===============================================================
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