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.
not again.....
SLSI reeeeeeeeeeevoked:
http://sec.gov/litigation/admin/2011/34-65130.pdf
Yer darn tootin right that some companies fleece as much money from public shareholders as they can, then go deep six silent, then let the SEC be the bad guy by revoking the stock.
That way the buggers never have to incriminate themselves with false financials.
CYSG did that and I know of a few others that are likely to do that.
Incorrigible.
A wink is as good as a nod...DON'T stand behind any penny stock CEO or O.J. on Judgement Day cuzz the Big Guy will be in a really bad mood when He is done with them.
Is this the way to go back to being a private company, without lifting a finger?
SLSI : SEC Suspension :
http://www.sec.gov/litigation/suspensions/2011/34-64679.pdf
SLSI...SEC not happy : ADMIN proceeding :
http://www.sec.gov/litigation/admin/2011/34-64680.pdf
4. SLS Industries, Inc. (CIK No. 743871) is a defaulted Nevada corporation located in Hanover, Maryland with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). SLS is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-KSB for the period ended January 31, 1998, which reported a net loss of $685,711 for the prior twelve months. As of June 2, 2011, the company’s stock (symbol “SLSI”) was quoted on OTC Link, had six market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
B. DELINQUENT PERIODIC FILINGS
As discussed in more detail above, all of the Respondents are delinquent in their periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters.
Exchange Act Section 13(a) and the rules promulgated thereunder require issuers of securities registered pursuant to Exchange Act Section 12 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.
10. As a result of the foregoing, Respondents failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder.
In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine:
A. Whether the allegations contained in Section II hereof are true and, in connection therewith, to afford the Respondents an opportunity to establish any defenses to such allegations; and,
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 ORDERED that a public hearing for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed, and before an Administrative Law Judge to be designated by further order as provided by Rule 110 of the Commission’s Rules of Practice [17 C.F.R. § 201.110].
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 it upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f), and 310 of the Commission’s Rules of Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f), and 201.310].
This Order shall be served forthwith upon Respondents personally or by certified, registered, or Express Mail, or by other means permitted by the Commission Rules of Practice.
IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an initial decision no later than 120 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission’s Rules of Practice [17 C.F.R. § 201.360(a)(2)].
In the absence of an appropriate waiver, no officer or employee of the Commission engaged in the performance of investigative or prosecuting functions in this or any factually related proceeding will be permitted to participate or advise in the decision of this matter, except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule making” within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action.
By the Commission.
Elizabeth M. Murphy
Secretary
Lets ask Mr.John Gott
There seems to be two tickers for SLS International's common stock, SLSI and SLSZQ.
How can that be?
Don't know, been watching the same thing, volume seems steady also
Whats up with this stock? Up 300+% with consistent buying. Been watching it. Not sure why its been going up.
i am wrong i think i thought this was scientific lighting systems incorporated my bad
he was the gentleman that owned the company 7 or 8 years ago,i might have my time frame wrong like i said it has bin awhile
i owned this many years ago,they had a cool idea, is it dead or alive
is there anyway to get in touch with this company anymore
what ever happenned to Ron Spire?
maybe. when we see it changed to "intrinsicaudio.com" i'll be very intrigued. lol
i just noticed today they are selling inventory of their home theater speaker systems. looks like amazon.com is the outlet.
http://cheapesthomestereoreceivers.ndesignsblog.com/review-sls-audio-sls-qg5000s-qg5000s-2-7-piece-surround-sound-speaker-set-for-sls-q-line-gold-home-theater-system/
from friday september 17th, 2010. a brand new entry on that blog.
thanks for that data. like i said earlier, i'd like to see the OS go up, which would indicate issuance of shares to various directors, etc.
here's the company website. 2009 copyright, about the same time the name change occurred.
http://www.nczon.com/index.htm
i think it's interesting they used the url "nczon", almost as if this website is a proof and they don't want to go live with it yet.
what do you make of the name in the url?
no, from during the session. i'll post a screenshot of it here monday.
the l2 from when ? after hours ?
filings updated from 4/09:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54563199
and a recent volume spike.
as i said in an earlier post, L2 has also changed quite a lot. all stock below a penny is now gone, and the next best offer is .25, then $1.50, and the rest of the MMs are parked at $2.
The volume was orchestrated on the 15th IMO , nothing to do with anything else
that's precisely why i posted about it:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54436185
i'm actually hoping to see some filings, and see the OS go up, which could indicate they are ready to get the ball rolling.
this is a michael anthony shell. his plays have a solid reputation for being major runners with no reverse splits. given the fact that the OS is so small, there is no need to roll this stock back imo.
the current market cap is about $156K.
it was 10 years ago that something was put out on this last fins 1998
What a joke of a company.....no news .........no volume
smells bad
the volume on Sept 15th is also very fishy.,,,,why all this volume out of the blue hummmmmm
SLSI is a shell company. you need to go to nevada SoS to see updates:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=9jz%252b8YooYiwwFYECNFmxhA%253d%253d&nt7=0
a corporate name change was done on 4/09/09:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=9jz%252b8YooYiwwFYECNFmxhA%253d%253d&CorpName=INTRINSIC+AUDIO+SOLUTIONS%2c+INC.
Not worried about anything thanks
are you worried about the average daily volume being too low, or are you wanting to check the SS for dilution? the two concepts are mutually exclusive.
http://www.otcmarkets.com/stock/SLSI/company-info
SLSI — SLS Industries, Inc.
Common Stock
Par Value: 0.001
Pink Sheets No Information
Quote News Charts Company Info Financials Research Short Sales Insiders
Investors are advised that Pink OTC Markets has not been able to contact this issuer. Please refer to the Company Notes below for company status and other important information, including the Last Known Address, where available.
If you have current contact information for this issuer, please complete the Update Company Information Form or send an email to info@pinkotc.com.
*
OTC Market Tier
OH no information pink with last fins posted for 1998 WOW 10 years ago
actually, more than 350K shares traded on the day i posted that message. SLSI has a 15.56M share OS, and is typically a quiet stock, so that is a lot of volume based on a % of the float/OS.
another thing that has happened recently is someone cleared off all the available stock under .01... NITE is the only offer at a penny, then the next MM sits at .25, and the one after that is 1.50 per share.
all other MMs are sitting at $2.
yup 20 000 shares traded
It did wake up! Hope to see more upside this Fall. Still holding some shares
What's happening wit this company?? no vol. no trades??? I'm outta here see ya later might be back this winter
THEN IT NEEDS TO POWER UP????
sounds great to me... i've been seeing some folks accumulating, pretty steadily. news could really light this thing up.
MABE WE GET A .50 PPS FOR XMAS...HO HO HOOOO
i'm liking these new developments, JGP... thanks again for all your digging.
Holding my shares STRONG ~
I like what I'm seeing here that chart is beginning to take shape.
Followers
|
13
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
620
|
Created
|
03/06/08
|
Type
|
Free
|
Moderators |
SLS Industries, Inc. (SLSI) is a highly speculative shell play, but with its risk could come great reward.
Share Structure:
OS: 15,563,346
AS: 80,000,000
From the last 10KSB "As of January 31, 1998, number of shares of Common Stock, outstanding was 15,563,346"
This story is coming together as a series of clues. Since our DD is constantly changing, the information herein is only a rough guide.
SLS AUDIO company website: LINK
THE BASIS FOR SPECULATION:
Intrinsic Audio Solutions appears to be the NEW name for SLS Audio (aka SLS International), a multi-million dollar company that once traded for dollars per share on the AMEX as SLS. It appears CEO John Gott changed the name on 4/09/09 from "SLS Industries" to "Intrinsic Audio Solutions", and evidence exists on the web linking IAO with SLS through a recent hire.
Amendment on 04/10/2009 changes name to "Intrinsic Audio Solutions, Inc." on the Nevada SOS website:
Note this article from December, 2009:
Ozark-based Speaker Maker Getting Second Chance
and this 2010 SLS/IAS website with a mysteriously generic URL:
http://www.nczon.com/index.htm
Here is how the connection between SLS and IAS can be confirmed:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46363946
One more thing: SLSI is a Michael Anthony shell, and his plays have a solid reputation:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46363706
The story is quite compelling, but why are investors most interested? The assets of SLS Audio could be significant, as in several millions of dollars, and the current OS of SLSI is only about 1/10th the size of the OS of SLS when it traded on the AMEX. Furthermore, revenues for SLS Audio were also in the multiple million dollar range. While many valuations are much more conservative, some shareholders are speculating the value of the new entity, if formed, could be on par with the former SLS Audio when in its prime: dollars per share.
Again, it must be emphasized this stock is high risk, and isn't for everyone.
The opinions expressed here in this forum are exactly that, and don't constitute investment advice.
Do your own DD.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |