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and even if they respond within the 10 days, the suspension will still last 10 days.
Yes, I meant to change it and forgot. Thanks.
NB
it is already suspended. what you mean is revoked.
IT IS HEREBY FURTHER ORDERED that Respondent 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 Respondent fails to file the directed Answer, or fails to appear at a hearing after being
duly notified, the Respondent, and any successor under Exchange Act Rules 12b-2 or 12g-3, and
any new corporate names of any Respondent, 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.
o.k.,maybe you might want to re read it. no where does it ask for a response, particularly a response within 10 days.
There is nobody steering this ship so it will crash against the rocks...
NB
Read the Administrative proceeding, they have 10 days to respond or automatic actions take place.
NB
what? it is suspended for ten days. the suspension is not some type of deadline. after 10 days it will trade on the grey market until the registration is revoked. possibly for months.
it is not a halt, it is a 10 day suspension. halts apply to exchange traded stocks. this scam does not trade on an exchange.
Consider it done!
If there is nobody at the helm to respond to the SEC within the specified time period it will be suspended.
NB
The problem is, OTCMarkets is not an exchange.
An SEC SUSPENSION is not the same thing as an exchange HALT.
Renee posted links about the suspension, that's where to look for answers.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125466468
It trades on OTC specifically OTC Pink.
On which exchange does SIRG trade?
Trading in a security can be temporarily halted by stock exchanges for a variety of reasons,
As of now it's just a halt we'll see.
Found this on Scottrade:
This on top of not updating pink sheets or the Nevada shows last year was all a scam...
NB
Renee, thanks for the update...
As warned on July 10,2016 SIRG SEC Suspension for Financials / Filings delinquencies:
https://www.sec.gov/litigation/suspensions/2016/34-78972.pdf
Order:
https://www.sec.gov/litigation/suspensions/2016/34-78972-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2016/34-78973.pdf
Dug hh I got a tone
There are no shorts. It's a toxic funded pump and dump. Maybe they'll be able to pump it again, but it gets harder and harder each time.
More likely there will be a reverse split first.
There are a LOT of really, really crappy OTC stocks out there, that have gone eons without reporting anything. So far, you can rank this one in there. But a chart is a chart. If there is an opportunity to milk it for something big, with or without a word from the company, it will be done.
If we hit the .0003s I might start believing there's some life left in this thing.
Anyone else getting the feeling that now that any and all shorts have covered in the 1's after a year of effort, that they are now about to play this long? A little bit of volume starting to hit the ask today.
We begin to hit 3's at some point, and I think the whole ballgame changes.
No dumping goin on today
I noticed someone trying to get. 001s today with a cool 10 million bid... But no sellers found.
NB
No but I still follow. I sold out before that big run last year. Missed out.
Hey jm, didn't know u were still around. Do u own any SIRG?
MM covering short sales from bag holders dumping into the bid.
Not much money involved in these transactions. Still wonder why anyone would buy this at any price. Just an empty shell.
Looks to be heading to no bid...
NB
All the slapping of those 2's lately. Kind of encouraging. Maybe they felt they grabbed all the 1's that can be gotten, and moving it up the scale now?
Who knows. But yeah, it does seem alive lately.
Ya, go figure.
IT'S ALIVE!!!
NB
I guess the answer is "no".
Think SIRG management still involved? There has to be someone at the wheel for this to move in the right direction!
Any kind of verifiable positive news and all bets are off!!!
NB
What I'm watching closely, besides the volume of late, is the steady dissolution of all the 1's on the bid. Almost like someone is sticking around until all of their orders are filled at the lowest possible price.
We shall see what happens when it hits zero. That could be a trigger, of sorts.
Staying put, as well. Absolutely no point in dumping what bit I have left.
I agree, I am not going anywhere, this all feels very familiar...
But ya know, it could just happen if this 10day crosses the 50day, which it is now EVEN with. Last time we were in the 3's way back in May. Sure would spark a mild amount of interest at that point.
I tells ya, this here thing ain't dead, friend.
Now, that would be a big surprise...
Can we get 100% tomorrow also???
NB
Wow, monster in the making, up 100% today...
That would be a welcome change.
Stock well be canceled soon and put us out of our misery.
NB
Well the 1 day plus 1 year is approaching. Don't see anything magic about it, but still gives one hope when there's nothing else.
The company has been dark for a long time.
NB
It's still revoked, so it's all moot.
NB
I think it's called dumping...
NB
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Link: http://www.otcmarkets.com/stock/SIRGQ/company-info
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