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Have felt bad that this worthless stock was still on my Ameritrade account and out of consideration contacted them to have it trashed -- the nice man said, we would have to buy it from you. I asked if there was a snow ball's chance in hell this stock could ever revive -- he said actually it's not entirely de-listed yet and there is another action pending. So I will hang onto to it still.
Probably no one will even see this, but is this stock gone forever? Have just a million shares -- Ameritrade offered 3 months a go to remove them from my account for me, but wasn't ready yet. Don't want to hang on if those shares are eternally unsalvageable.
SRUP registration revoked:
https://www.sec.gov/litigation/opinions/2021/34-92270.pdf
Wish I knew if this stock is still viable and has any hope to eventually do something.
Someone's buying this pos. Might be a good lotto play if you can find someone to sell to you.
SRUP_AWESOME_CHART!_SOMETHING_GOING_ON_BEHIND_THE_SCENES_JMO_GLTA
Just because you can't buy on Etrade or major platforms doesn't mean they can't be bought. And if you think that the SEC is an efficient enough organization to police this, you are sadly mistaken.
if no one can buy no one can sell
You’re VERY VERY WRONG
Your Wrong, Bigly….effective date is 12/28/2021. Compliance date is 9/28/2021
https://www.federalregister.gov/documents/2020/10/27/2020-20980/publication-or-submission-of-quotations-without-specified-information
P. Compliance Date
The Commission is providing a compliance date that is nine months after the effective date of the amended Rule, except for the compliance date for paragraph (b)(5)(i)(M) of the amended Rule. The compliance date for paragraph (b)(5)(i)(M) of the amended Rule is two years after the effective date of the amended Rule.[535]
After considering the comments received regarding the transition period for compliance with the amended Rule's provisions,[536] the Commission believes that these compliance dates will provide sufficient time for broker-dealers to prepare to comply with the amended Rule, including by creating or updating any necessary systems or internal measures, such as training modules, and to develop and update any necessary policies and procedures, as appropriate, to achieve compliance with the amended Rule. The Commission further believes that these compliance dates provide sufficient time for qualified IDQSs and registered national securities associations to implement technological or other changes that they determine to make in light of the amended Rule.
The Commission recognizes that there are market participants who are concerned about the loss of a quoted market for certain securities as a result of the amended Rule and that such market participants may wish to seek relief from the provisions of the amended Rule. The Commission encourages such persons to submit relief requests expeditiously during the nine-month transition period. The Commission notes, however, that it will consider relief requests at any time, including after the nine-month transition period.
On and after the nine-month transition period, broker-dealers that publish or submit quotations in a quotation medium, qualified IDQSs that make known to others certain broker-dealer quotations and make certain publicly available determinations, and registered national securities associations that make certain publicly available determinations would be required to comply with the amended Rule when they perform those activities. The Commission staff intends to offer assistance and support to covered entities during the transition period and thereafter, with the aim of helping to ensure that the investor protections and other benefits of the amended Rule are implemented in an efficient and effective manner.
Your Wrong, Bigly….effective date is 12/28/2021. Compliance date is 9/28/2021
https://www.federalregister.gov/documents/2020/10/27/2020-20980/publication-or-submission-of-quotations-without-specified-information
P. Compliance Date
The Commission is providing a compliance date that is nine months after the effective date of the amended Rule, except for the compliance date for paragraph (b)(5)(i)(M) of the amended Rule. The compliance date for paragraph (b)(5)(i)(M) of the amended Rule is two years after the effective date of the amended Rule.[535]
After considering the comments received regarding the transition period for compliance with the amended Rule's provisions,[536] the Commission believes that these compliance dates will provide sufficient time for broker-dealers to prepare to comply with the amended Rule, including by creating or updating any necessary systems or internal measures, such as training modules, and to develop and update any necessary policies and procedures, as appropriate, to achieve compliance with the amended Rule. The Commission further believes that these compliance dates provide sufficient time for qualified IDQSs and registered national securities associations to implement technological or other changes that they determine to make in light of the amended Rule.
The Commission recognizes that there are market participants who are concerned about the loss of a quoted market for certain securities as a result of the amended Rule and that such market participants may wish to seek relief from the provisions of the amended Rule. The Commission encourages such persons to submit relief requests expeditiously during the nine-month transition period. The Commission notes, however, that it will consider relief requests at any time, including after the nine-month transition period.
On and after the nine-month transition period, broker-dealers that publish or submit quotations in a quotation medium, qualified IDQSs that make known to others certain broker-dealer quotations and make certain publicly available determinations, and registered national securities associations that make certain publicly available determinations would be required to comply with the amended Rule when they perform those activities. The Commission staff intends to offer assistance and support to covered entities during the transition period and thereafter, with the aim of helping to ensure that the investor protections and other benefits of the amended Rule are implemented in an efficient and effective manner.
MMS can buy them. I've sold 22M of mine since this has gone defunct.
SRUP is a caveat emptor stock
https://www.otcmarkets.com/stock/SRUP/overview
Trading on Caveat Emptor Stocks (SRUP) halts 5-25-20
ameritrade, schwab, etrade, investors broker, are not allowing people to buy stocks marked as caveat emptor (see otc markets website)
if one owns caveat emptor stocks they can sell, BUT there will be no one who can BUY after May 24th
in order to follow this new SEC regulation (that protects retail investors from buying sketchy stocks)
https://www.sec.gov/news/press-release/2020-212
Where does it say that?
trading on SRUP stops on may 25th per SEC
I think yes to cure the short position..that's why they may have run it up b efore
I've had a stock suspended and I owned shares. They just became worthless. The only way MMs would have to do that is if they sold shares they didn't own, right?
If stock is suspended mms have to send shares back to dtc....cannot be short....this may be squeezing to remaining shares out there
Balancing books? Please explain in detail what you mean by that with regards to MMs buying shares. That doesn't make much sense to me.
Balancing their books before they have to return shares
What would be the motivation in doing that?
Mms letting people out
Orders keep getting filled. All very strange.
Wondering how April 12 went -- glad to see SRUP still kicking.
This lady has money...and history of screwing people .
Kodak....a real company. All these pink sheets companies are fake and don't produce revenues. These CEOs have nothing to sue for. Good luck. I just don't think you'll end up with a dollar in restitution, just a bunch of lawyers bills.
Read about the guy who sued kodak.....Google it pal...
Sounds like a costly waste of time to me. You won't get anything from a class action suit against her.
I'm in the process of putting together a class action lawsuit against this piece of shit sparrow....I've got copies of the companies tweets,and looking into getting information from Knox case in Boston,...clearly she had a fiduciary responsibility to ger investors..she failed to communicate to her shareholders...who knows if she was involved with Ahmed Guled...if she was she's fucked...she has done this to numerous investors this bitches time is coming up...
With a filing indicating that this is likely being revoked, why do you suspect people are still buying this?
Doesn't pertain to Sirrus. The software pulls in key words and srup was pulled into this board. Wrong one.
I just emailed the restaurant group to see of they are in fact affiliated now. We'll see what they say. They have a stock quote button on their website but the link is broken.
Look in the news tab. There's a link in there.
I'm a little bit confused. What news do y'all speak of. please explain
Have you seen this press release? Has to be a mistake unless they sold the shell.
Silent on news here.
What do you think is happening here? Board is silent on news.
It looks like the news is about a restaurant group. Did they sell the shell?
Actually I found it. Thoroughly confused tho. Can anyone make sense of what was released?
Strange, just a one liner. Did you see anything more detailed?
Someone keeps buying regardless of the SEC filing. Strange.
i get them all, but you can select which ones you want. you can do the same.
https://www.sec.gov/reports
Everyday you read all the SEC notes that are sent to your email? Can you set up email notifications on companies that have SEC notes updated? Or do you just read thousands of SEC notes like a good student of the SEC?
i read sec notices. they are sent to my email inbox. if there is a board that may be interested in the info, i post it.
What made you look this up today, the exact date of the filing?
april 12th is the deadline for the company to respond. no answers have been asked from the company. if the deadline is missed it won't be revoked on that day but likely very soon after. it all depends on the administrative law judge and their schedule. but have no delusions, this is going to be revoked one way or another. every company that gets suspended for delinquency gets revoked sooner or later. the only question now is if the company responds and agrees to be voluntarily revoked, thereby keeping the door open to becoming a public company again at some point in the future, or not.
So does this mean shares will not trade after April 12th if they don't provide answers in the case against them?
Thank you for the heads up.
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