Advantego Corporation (ADGO)

[lucky, mydog]

i don't think you understand how shorting works. how can a short cover if they can't sell?

[noradio]

I wonder how much naked shorts will pocket when this company disappears? All tax free to.

[saxonia40271]

That nobody cares about them anyway, is indeed a somewhat hilarious excuse. Ironically, it may not be quite as absurd as it seems. That there is virtually zero public interest, has worked before to get around trading suspensions. Still, they‘ll have to do much better than this. It‘s always been clear that this was little more than a lotto ticket, so I‘ll just stick it out, but I’ll continue my exchange with Gregory.

[Renee]

That was indeed priceless. A very feeble response that qualifies to be printed and framed at SEC headquarters for the best joke of the century.

[tdbowieknife]

Lol...those guys are clueless.

Caveat Emptor!!


..


.

[lucky, mydog]

it cracked me up as well. to put it in other words; "we broke the law but nobody told us, so... and besides, nobody buys this pos stock anyway."

[Renee]

Regarding ADGO's response to the SEC Admin. Proceeding for severely delinquent Financials the response is the most feeble response I have ever seen from a company.

The SEC does not accept excuses from any SEC Registered company
for not filing mandatory Financials.

Perhaps this linked post will demonstrate the SEC's resolve to have the registrations revoked for 100% of all SEC Registered companies that did not file timely Financials.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167347498

Readers may send excerpts or the entirety of my post to Gregory and/or to Hart and Hart LLC.

If Advantego Corporation has any desire to be an SEC registered company their best and only option is to accept revocation of their SEC registration and to then file a comprehensive FORM 10 to reregister with the SEC. Otherwise the SEC Admin. Law Judges will forcefully revoke the company's SEC Registration whereby the stock will never be able to trade on any public market. Shareholders would then own stock in a private company and would never be allowed to buy or sell their shares through any public forum or market.

[saxonia40271]

ADGO already responded to the administrative proceedings on May 16th.

https://www.sec.gov/litigation/apdocuments/3-21414-2023-05-16-respondent-advantego-answer.pdf

[saxonia40271]

Gregory got back to me, again. He says, legal counsel will be reacting to the notice. If the response is public, as the notice itself, we‘ll be able to read it.

[saxonia40271]

Your predictions are still baseless. It’s also obvious that your statements don’t match the notice, for instance, regarding a possible suspension.

[lucky, mydog]

yuour last hope is that you can find someone to buy your shares before it is revoked.

[lucky, mydog]

there can be an extended trading suspension

no ,there can't. the sec can suspend for 10 days and 10 days only. therte is no such thing as an "extended trading suspension".

[lucky, mydog]

We‘ll ultimately see what happens.

you don;t know that we already know.

[saxonia40271]

That‘s nonsense. There is no final judgement. It‘s a hearing. Even if they can’t satisfy the regulatory demands, there can be an extended trading suspension, instead of a revocation, which is clearly stated in the notice. Most companies that find themselves in this position are abandoned. That’s not the case with ADGO. Also, Gregory could have easily ignored my message. There was no motive for dishonesty. The stock can’t be pumped. Bashing it is equally useless. We‘ll ultimately see what happens. I suggested, they should keep the public apprised, but it‘s not likely that they will. If they react to shareholder requests, they have a hundred times the reason to react to the authorities.

[Nezitic]

Well then goodbye our last hope and goodbye our money, rip ADGO

[/jordan\]

Lol interesting but just like everyone else will just wait and see what happens
ADGO may surprise everyone with their efforts

[lucky, mydog]

i don't think you understand. every stock in this position gets revoked 100% of the time. this wasn't some type of warning letter. you can review the following board if you care to understand the history.

https://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334

[/jordan\]

I don't think they will lose, this might be the trick to motivate them into high gear hopefully

[lucky, mydog]

They seem determined to make a fight of it.

they will lose.

he can’t explain why the SEC claims to have no valid address of theirs.

i bet he can. but even if he can't, it's his responsibility to make sure the sec has the proper address.

[saxonia40271]

Gregory responded. They seem determined to make a fight of it. He also says, he can’t explain why the SEC claims to have no valid address of theirs.

[saxonia40271]

Nothing so far. I wouldn’t get my hopes up. He got back to me three times. In all cases on the same day.

[/jordan\]

Any reply from Gregory? Maybe Monday he will answer

[lucky, mydog]

it's too late. the time to rectify was before they got this notice.

[Renee]

Re a FORM 15-12G, it is too late to remedy severely delinquent Financials. In 100% of all instances the SEC Admin. Law Judges have revoked the SEC registration(s) of every SEC registered company that receives an Admin. Proceeding for severely delinquent Financials.

[saxonia40271]

They should post a 15-12G at once, but they might not.

[saxonia40271]

They can’t be delisted, because OTC stocks aren’t listings. They can get revoked.

[Nezitic]

Getting delisted, they move on, we move on...very serious...

[saxonia40271]

Of course, it matters. These proceedings were initiated for a reason, and they can have serious consequences.

[Nezitic]

We are still in expert market, That means they doesn't care...

[saxonia40271]

He has every reason to care. These proceedings can lead to a revocation of all classes of securities. As far as I know, they’d be deleted from everyone’s portfolios like they never existed.

[Nezitic]

Why would he even care? It's in expert market and said enough

[saxonia40271]

Thank you for sharing this. I confronted Gregory with it. I also made it clear that I think, they need to take drastic and immediate action. This includes abandoning their efforts to become audited, and to post the missing financials at the fastest possible pace. Also, they need to provide a valid street address to the regulators on the double. In addition, I suggested to publicly discuss this situation on the news wires.

[Renee]

ADGO: SEC Admin. Proceeding for severely delinquent Financials:

https://www.sec.gov/litigation/admin/2023/34-97492.pdf

[/jordan\]

Thinking it is definitely at the extreme bottom of the priority list
For some reason there is no pushing the auditors at all
Looking at management and others involved in Adgo they all seem quite older, so going to take it that they know the business well. And take a very patient approach to investments and so doing hopefully have made some very quality ventures and when it wakes up will be a quick climber \(^_^)/

[mjb1228]

Well, there was a deadline. 19 months ago

[mjb1228]

These must be the most convoluted f’d up financials in history, or someone is lying. But doesn’t make sense to lie at this point, they can’t dilute and no one can buy it. Also possible it is bottom of the priority list for everyone involved and there is no deadline

[/jordan\]

Got about the exact same reply, but guess shows there is still a pulse while in the coma

[saxonia40271]

He reacted in 36 minutes. It’s basically the tune we already know. He says, they‘re actively working on updates, one quarter at a time, no timeframe yet. At this rate, we could easily be looking at 2024. The only positive aspect about this, is the fast response itself. I asked if they had discontinued their efforts.

[saxonia40271]

I was thinking about doing it today. I‘ll do it right now.

[mjb1228]

Been a while for me. Got tired of hearing the same thing every time

[/jordan\]

Anyone emailed lately? If so any replies ?

[mjb1228]

Be lucky to see a filing in 10 years

[Nezitic]

Means in 10 years it will make 100x

[mjb1228]

Means nothing sadly

[/jordan\]

Lol so hope it is a sign that some activity( filings, news, updates etc) is going to happen real soon

Fingers, arms, toes,eyes crossed
(^_^)

[saxonia40271]

One share at 0.000001. Damn! LOL.

[mjb1228]

Ugh

[Nezitic]

Yup, trading already

[BigShooter]

we on Nasdaq yet?

[Nezitic]

Going to NASDAQ afternoon