Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SEC reply to IntreOrg:
Dec. 19,2018:
https://www.sec.gov/litigation/apdocuments/3-18733-event-14.pdf
IntreOrg's arguments, Dec. 11,2018:
https://www.sec.gov/litigation/apdocuments/3-18733-event-13.pdf
I don’t control the SEC. if you are that interested in IoRG....Keep checking the SEC website for an update.
My gut feeling is that we will be full steam ahead any day now.
It’s like the story about ...the little engine that could. Or David vs Goliath. Intreorg would be the train of course as well as David in the aforementioned. I’m not sure if the little train made it up or if David beat Goliath with his slingshot. I’ll have to finish reading the stories to see how the stories end.
No news is good news for now. Keep the faith “true” shareholders.
This is gonna be one for the record books. Some of you really need to do your own DD on Intreorg. Much is posted on the SeC site. All their filings, their responses to SEC etc.
knowledge is power folks. Everyone has an opinion mine is based on information i have read on Intreorg and sec site.
Good luck ?? and happy holidays to all.
I’m getting a lot of PMs on status of IORG. Hoping to hear today on status
I’m feeling very optimistic!!
We did everything correctly with SEC and expect to be reinstated. Intreorg is not your normal company.
Once approved should fly off the shelf. Apparently some very long and strong shareholders behind the scenes
If not approved by SeC I will disappear from ihub
I believe intreorg will be fine either way. They are a real company with revenue coming in.
It may be tough for SEC to uphold their decision against suspension because intreorg complied 110% with all requirements, attended all hearings, BOD are made up former Sec attorneys. Company has a real office, real people doing real work.
If for some god forsaken reason it’s not approved ....and since inteorg is a real company with revenue....I would assume go the S1 route to qx. Either way it will trade again.
Thanks for keeping s/h’s informed. I hope you’ll post once you hear the decision on 12/19. What’s likely?
Iorg response was due 12/14. Decision 12/19.
Don’t understand why non shareholders care about iorg. Oh wait I do. ;)
“Decision on iorg should be made nlt 12/14. I’m expecting back on pinks. “
It’s the 16th now...Where’s the decision?
- JMHO
That maybe or it may NOT be the case (is getting listed on pinks again). In either case, the credibility of this thing and the people behind it (do your own due diligence and look up the names of the cast of characters behind the scenes) and you’ll understand what I’m talking about. Look into their “deals” and realize that this is NOT the only stock they’ve been involved with that’s gotten suspended and that other stock has NEVER open for trading again. Two buck con artists at best....Watch out!
- JMHO
Real good source.....$IORG will be trading in a few weeks.
This will explode. Going to be a great December.
There is an sec link that clearly explains why it will be reinstated.
Good luck ??
$IORG
Real good source.....$IORG will be trading in a few weeks.
This will explode. Going to be a great December.
There is an sec link that clearly explains why it will be reinstated.
Good luck ??
$IORG
Real good source.....$IORG will be trading in a few weeks.
This will explode. Going to be a great December.
There is an sec link that clearly explains why it will be reinstated.
Good luck ??
$IORG
That’s probably why those that can somehow exit- are doing so ahead that decision. Can’t say that I blame them!
- IMHO
Decision on iorg should be made nlt 12/14. I’m expecting back on pinks.
If the suspension of this stock is ever reversed(highly doubtful), you’d wish that they never never did. Stains like these never wash off that easily and it might not matter, in the end, what filings they try to disclose or who’s helping them...it’ll be a wasted effort. Again, always look at the characters behind the scenes and their so called track record. Not impressed to say the least. Red flags were all over this from the start!
- JMHO
Have a Happy Thanksgiving!
Another 8k out I see. $IORG will be current soon enough. Shhh!
We will be well over $1.00 before eoy.
Company still working and making money. All filings submitted
Happy thanksgiving.
For those serving and away from your families ....be safe and thanks!
Another 10q out today. For a halted stock, company still at work.
Time will tell. I’m smelling something very good in the air.
Read the filings (8K, 10Qs, 10Ks, etc) carefully and then research the names of not only individuals but also entities especially that have the words "consulting", "advisors", "investments", "capital", etc. Look at other companies those names appear in and 9 times out of 10 they're usually companies that have floundered, have too much dilution, or have very little substance, in other words loser deals. Sometimes you'll find some decent companies but only because they have distanced themselves from the usual suspects you'll find in these filings. Don't hesitate to call some of the companies that these so called "consultants" claim to represent or claim to be associated with. You'll be surprised how many times you'll hear, from those companies, that these so called consultants are full of sh*t!
- JMHO
And ......
All those other companies. 83% never even never responded to SEC, the remaining 16.99% never provided requested documents.
And yes IORG did!
Mr. Nummi represented iorg at hearings. I think they met in his old office. Hmmmm
So you asked ......there will be a quiz later. So pay attention!!!
Mr. Richard M. Nummi, Jr., Esq., is Managing Partner and Chief Legal Officer of Nummi & Associates, P.A. Mr. Nummi has been a Director of INTREorg Systems, Inc. since June 27, 2018. He served as the Chief Risk Officer of John Thomas Financial, Inc. since October 10, 2010. He serves as the Chief Advisor and Strategist at Ashir Capital, Inc. He has over 20 years of broad-based executive regulatory compliance experience encompassing project management, leadership motivation, supervision and performance management, human resources management, business liaison relations, systems analysis conversions, budgeting negotiations, policies and procedures, problem solving, and change management. He was Senior Enforcement Attorney at the United States Securities & Exchange Commission in Washington, D.C. He is a Member of the Editorial Board at Complinet Group Limited. Prior to NAPA, he was GunnAllen's Chief Compliance Officer, Executive Vice President and Corporate Counsel. Preceding GunnAllen, he served as a Senior Attorney at the United States Securities Exchange Commission, where he was instrumental in the development of numerous examinations and sweeps. He served as the Chief Compliance Officer and General Counsel at INVEST Financial Corporation. While at the Commission, he represented the SEC at various industry conferences. His presentations were widely acclaimed as being “In touch with reality,” and “Not the usual fair from a regulator,” While with the Commission, he also acted as oversight for various SEC Regional offices, the NASD and NYSE. Prior to the SEC, his career included various increasingly responsible positions in senior management, consulting and of-counsel engagements for several of the world’s pre-eminent financial services firms including: National Regulatory Services (Executive Consultant), NAPA (Nummi & Associates, P.A.) (Managing Partner and Chief Executive Officer ), GAH Holdings (Director
What INTREorg has, simply put, is the cure for corporate cancer.”
Richard Nummi, Esq.
Nummi & Associates, P.A. (NAPA) – Managing Partner and Chief Legal Officer
I see my TRUTH hit a nerve with someone. Lol.
Need to get facts straight
Iorg went to all hearings
Provided all documents ....AUDITED !!
And has a REAL office. Not a garage or basement
And yes members of board of directors ....former SEC bosses.
Hmmm.... that’s a clue
Sorry it hurt anyone’s feelings with my opinion. ??
You’ve been pretty accurate on your assessment with this one. I’m going with my initial thoughts that this stock will be revoked permanently. Sorry but history is not on IORG’s side. Maybe people should find out more about who’s behind this (debacle) company to see why this is probably not a surprise!
- IMHO
From the Scheduling Order: "Accordingly, it is ORDERED that the Division’s motion for summary disposition against INTREorg is due November 14, 2018; that INTREorg’s opposition is due December 12, 2018; and that the Division’s reply is due December 19, 2018."
https://www.sec.gov/litigation/apdocuments/ap-3-18733.xml
As I argued in prior posts the A.L.J. has never (yet) accepted any exculpatory reasons for an SEC Registrant to be delinquent in their filing obligations. From the Scheduling Order the A.L.J. is still proceeding with revocation of IntreOrg's stock registrations despite the company filing all delinquent Financials. The A.L.J. anticipates that IntreOrg will oppose the A.L.J.'s summary disposition from becoming a final disposition (ie., registration revocation). Then the A.L.J. will post a reply to IntreOrg's opposition. IntreOrg will then likely have the option to oppose the A.L.J.'s December 19th reply so the back and forth could go on until the A.L.J. renders a final ruling.
Shareholders will know a lot more when the A.L.J. posts their summary disposition by November 14th inthat the A.L.J. will cite the reasons why IntreOrg's stock registrations must be revoked. The A.L.J. will use incontrovertible evidence of the delinquencies and then cite why the delinquencies are irreconcilable.
I'll watch for the November 14th A.L.J. summary disposition and then I'll post my comments if so desired.
Best of luck!!!!!!!!!!!!!!
Hey Renee. Your DD is much appreciated here. Can you comment on the new update from sec as it pertains to iorg and it’s potential to come off greys? Thanks so much
First of all I appreciate the candor and information provided by Renee in the posts on the subject. Obviously someone who has broad knowledge of the process and subject.
I would imagine that everyone has seen the departure of the Board and Management that caused the delinquency(s) in the first place. The activity on the companies website seems to show (along with their filings) that the shareholders may have said enough is enough and brought in Management and the board to build the business.
If, the new Board and Management can get this company to revenues and profitability, the company can move forward to build value for the shareholders, public or not!!
BTW, if registration is revoked because of this regulatory environment, isn't IORG still audited? What about a new Form 10 or S-1 registration???
It seems that everyone should let the board do their job and turn this baby around.
In the end it really doesn’t matter what anyone here, including myself, have to say about this- it’s up to the SEC and they have a (proven) history of revoking suspended companies on the OTC. If IORG happens to overcome that...it’ll be the FIRST (as a previous poster mentioned). Not exactly the position you want to be in as an investor. Not bashing, just stating the obvious.
- JMHO
Fellas and lady
Say what you want, but iorg submitted the required paper work.
“Audited” financials. Find me a company that submitted audited financials, went to their hearings, responded to sec questions and followed up with supplemental information as well as actually have a physical office Location ( a garage doesn’t count)
JMHO
I agree with you. I've NEVER seen a company go this far into suspension and come out of it with any positive results! The most likely scenario is that this thing will be revoked....not trying to bash but just looking at reality.
- JMHO
I gave a reply as a courtesy. I'll make one last courtesy post as my request was to see how the A.L.J. thinks.
I have read 1,000's of A.L.J. decisions and the following statements are the ones I wanted IORG readers to think about. I used XXXX instead of the company's name because 1,000's of A.L.J. decisions are almost identical.
Perhaps IntreOrg will be the FIRST company to avoid revocation because of their sincere attempts to remedy their Financials delinquencies.
Atypical comments by the A.L.J. in nearly every decision:
XXXX's failure to file timely and complete periodic reports is serious because it violates a central provision of the Exchange Act. The purpose of periodic reporting is to supply investors with current and accurate financial information about an issuer so that they may make sound investment decisions.
XXXX is culpable because although it knew of its reporting obligations, it did not file a single required Form 12b-25 disclosing its inability to timely file the omitted reports and the reasons therefor. Instead, XXXX repeatedly disregarded its reporting obligations and did not attempt to return to compliance until it was confronted with an enforcement action.
Even if an issuer has filed all delinquent periodic reports, revocation can be appropriate, particularly when the delinquencies continued for an extended period without adequate explanation.
A sanction other than revocation would reward those issuers who fail to file required periodic reports when due over an extended period of time and make last-minute filings only after becoming the subject of Exchange Act Section 12(j) proceedings in an effort to bring themselves current with their reporting obligations.
IntreOrg's Filings on EDGAR.
https://www.sec.gov/cgi-bin/browse-edgar?company=IntreOrg+systems&owner=exclude&action=getcompany
A few other points you failed to mention
The delinquent filings were not audited as requested by SEC. IOrG were audited. Mobile didn’t provided sec with proper address Either.
You are comparing apples to oranges
You should get your facts straight before posting. IMO
You can’t even compare. Nice try sweetie. USA, USA sing it with me.
Iorg showed cause, went to their hearings and apparently has given sec more than what they asked for. The company you are comparing, did not. Even after they were denied, they didn’t appeal. Real companies would appeal. And what happen to that company....Exactly.
Intraorg is a legitimate company.
You may want to look up Mr. Nummi and see where he worked all his life. Give you a hint. Starts with an S and ends with a C. Correct SEC.
You may want to look what he did there.
The Suspension ended on Sept. 21st and the stock has traded small volumes since Sept. 22nd (link below this paragraph). Keep in mind that most potential investors are leery about buying stock in any post-suspension because the risks are extremely high that the Admin Law Judge (A.L.J.) will likely revoke the stock registration. Brokers are also hesitant to allow trades for the same reasons....thus the very low volumes.
https://ih.advfn.com/stock-market/USOTC/intreorg-systems-inc-IORG/historical
IntreOrg has indeed submitted all delinquent Financials since the Suspension, but it is important to recognize that the Suspension was for being severely delinquent in the first place. The SEC simply does not accept excuses for being delinquent, and despite IntreOrg filing all the delinquent Financials the SEC Admin Law Judge would likely argue that there are no assurances the company would not become delinquent again, citing their delinquent history. However, we have not seen the A.L.J.'s response(s) yet.
For an example, read MANW's similar case where the company also submitted all delinquent Financials but the A.L.J. revoked there registration anyway. For educational purposes I suggest reading the following link to see how the A.L.J.'s think.
http://www.sec.gov/alj/aljdec/2014/id709jeg.pdf
why has the halt not been lifted yet being now current??
Just a matter of days until we trade again. IMO.
Everything asked for was submitted, so it’s just a matter of time. I would encourage shareholders to write or email sec stating words to the effect
I am a shareholder of IORG and there was a trading halt placed on by Te SEC for failure to Submit timely filings. This since has been rectified in a timely manner and request SEC to reinstate trading on IORG immediately. Again, as a shareholder I have a vested interest in IORG; which is now fully compliant.
Sincerely
SEC Suspension of TradingSEC Temporary Suspension Announcement | 09/10/2018
I know that, but with company submitting all of the filings. It doesn’t make sense especially selling these small amounts
its on grey markets now trading still halted
No idea why someone would be selling here. Makes no sense. Especially since iorg is current.
Dah!
IORG: Now that IntreOrg Systems has filed all of their delinquent Financials and had answered the SEC Admin Proceeding everyone should follow any A.L.J. responses at this link. There are two company submissions, Sept. 17 and Oct. 3rd to read.
https://www.sec.gov/litigation/apdocuments/ap-3-18733.xml
IORG appears to be current on all filings. One can assume that it will trading any day.
I have never seen this done before. I was expecting once grey to be trading in the sub .15. But iorg held its ground. As I stated before, apparently someone(s) are protecting their investment. I have been bidding 30-40 range. No luck getting a share.
If iorg was smart, they should drop some big legit news soon and boom off to the races.
Been receiving many PM messages. Refuse to pay iHub for that service.
2018 1st quarter posted. Assuming 2nd quarter imminent.
This is unbelievably for a grey stock to come back to trading. Means one thing..... I’m gonna be rich!
Amazing how grey looks green
Obviously someone is protecting mama. Hoping next week we trade again.
Love talking to myself because I win every argument and I’m never wrong
Followers
|
25
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1084
|
Created
|
06/16/11
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |