is currently counting beans
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Sorry, yes the SEC - I'm doing my taxes and I guess you can see what entity is on my brain - LOL!!
When I read that redf one thing immediately came to mind. In today's 8K filing the company stated that the IRS notice was sent on 2-10-11, and gave the company just 15 days to comply or else...
Now, that 15 day "additional" grace period technically runs out tomorrow; regardless of when the notice finally reached ACDU's office overseas.
Therefore, it is highly probable - knowing the IRS - that they could possibly move, as early as tomorrow, to revoke the company’s registration or suspend it from trading activity.
Knowing the aforementioned, and the fact of what was stated by the company in today’s filing - that “We believe that if the SEC initiates proceedings against us, they would ultimately be rendered moot by a correction of the deficiency.”
Does this mean that the company is imminently ready (let’s say within the next fifteen days or so) to correct said deficiency? If so, then why wait until April 14th to remedy the problem? Earlier, I thought that this would allow them to file possible back tax returns alongside the filings, but now I wonder.
At this juncture, I guess it boils down to how fast the IRS acts against ACDU, should its request for an extension be denied.
Sounds like the company may be delinquent in some of its missed filings due to possible correlating tax issues involved (give us until April 14, 2011)?
8K Out Today:
- Current report filing (8-K)
Date : 02/24/2011 @ 6:02AM
Source : Edgar (US Regulatory)
Stock : Accredited Business (ACDU)
Quote : 0.0029 0.0 (0.00%) @ 7:13AM
- Current report filing (8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934.
DATE OF REPORT: February 23, 2011 (Date of earliest event reported)
ACCREDITED BUSINESS CONSOLIDATORS CORP.
(Exact name of registrant as specified in its charter)
PA 0-27182 25-1624305
(State or other jurisdiction (Commission File IRS Employer
of incorporation) Number) Identification Number)
196 WEST ASHLAND STREET, DOYLESTOWN, PA 18901
(Address of principal executive offices)
267-629-2340
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former Name or Former Address, if changed since last report)
ITEM 8.01 Other Events
On February 10, 2011, the Securities and Exchange Commission sent Accredited Business Consolidators Corp. a letter advising the Company that it failed to comply with certain reporting responsibilities required by the Securities Exchange Act of 1934. The letter directed AccreditedBiz to file its delinquent reports within fifteen (15) days of the date of the letter. The letter stated that, in the event AccreditedBiz fails to file its delinquent reports, the Securities and Exchange Commission may choose to initiate proceedings to revoke the Company's registration and/or issue a trading suspension for the stock.
AccreditedBiz did not receive the letter until several days after it was sent. Once the office in Doylestown, Pennsylvania, received the communication, it forwarded the letter to management. On February 23, 2011, AccreditedBiz sent a communication to the Securities and Exchange Commission advising that it was impossible to comply with the fifteen day deadline. AccreditedBiz asked the Securities and Exchange Commission to grant an extension of time until April 14, 2011, to have the delinquent reports filed.
AccreditedBiz advised the Securities and Exchange Commission that it recognized its responsibility to file its reports. The Company explained that it filed audited annual reports for the periods of 1997 through 2007. In addition, AccreditedBiz notified the SEC that its most recent quarterly report was filed and that the report provided shareholders with an understanding of the Company's financial position and its business plan.
AccreditedBiz has no intention of entering into any stipulation with the Securities and Exchange Commission that would consent to a revocation of the Company's registration. Rather, in the event the SEC chooses to deny the request for an extension and instead initiates proceedings, we would contest the matter and exhaust all administrative and judicial remedies. We believe that if the SEC initiates proceedings against us, they would ultimately be rendered moot by a correction of the deficiency.
AccreditedBiz is unaware of whether the communication from the Securities and Exchange Commission was prompted by a complaint from a purported shareholder or is part of the SEC's routine review of delinquent companies. In either case, the Company will continue its practice of strictly complying with Regulation FD rules and will communicate with shareholders and potential shareholders only through forums that enable access to the information to all persons at the same time.
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
This document contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements.
Dated: February 23, 2011
ACCREDITED BUSINESS CONSOLIDATORS CORP.
By: /s/ Andy William
Andy William
Vice President
Twitter: accreditedbiz
web: www.accreditedbiz.com
fax: 1-267-371-5168
Accredited Business (USOTC:ACDU)
Historical Stock Chart
1 Year : February 2010 to February 2011
Accredited Business (USOTC:ACDU)
Intraday Stock Chart
Today : Thursday 24 February 2011
Good evening NOBO, if you would, please shoot me a PM as well:)
-Thanks!
Nice after hours T-Trade hit on .0021:)
I don't understand your post?
Give em hell Sky! Great posts/inquiries over on the company website
Morning Jumpster - on the company's website
I tapped us green, anyone else care to join in the fun - LOL!
BFHJ extremely thin on the ASK side of things!
I have a feeling we or getting close to seeing something "meaty" from the company Sky - just a feeling though
ACDU Admin response to Skysoldier82d earlier today:
(from company websie)
We have not formally announced an extension of the share issuance moratorium, but there is a good possibility it will be extended. We have no present need to issue shares.
We do plan on answering questions at the direction of the executive staff.
We believe that Regulation FD is complied with when shareholders can access the information here. This will be reviewed in more detail as we research SEC guidance on the matter.
We may participate in a live chat or conference call. We are installing chat software on this board.
Most probably as we program the site, we will be deleting these threads and creating specific areas for shareholder questions.
Skysoldier82d wrote:
Share issuance moratorium...expires Feb 10th. Will it be extended?
Are AccreditedBiz execs going to answer shareholder questions here?
Does Reg FD apply to comments made by AccreditedBiz execs on this site?
Will ACDU execs engage in a live chat or conference call with shareholders?
Agreed - as I added another million today!
I hope so, February will be checking in shortly - Go BFHJ!
Happy B-Day Nobo!
The company's speaking out a bit on the website folks.
I'm all for that - LOL!
2 hours, wow - mine was almost instantaneous?
November - seems so long along doesn't it. Let's hope the company is now close to letting the cat(s) out of the bag
I hope so.
I registered and left an initial message:)
Now up to 5,805 views:)
You think the "extras" might be concerned or related to their new partnership with CSI?
What the -
Yup, couple this with your other discovery involving CSI and it is clear to see that Guarddog is heating up big time! Something tells me that the company will soon be bombarding us with much anticipated information/results; in addition to fins.
Nice! "Identity Theft Insurance Package, powered by Guarddogid".
Excellent, and thanks! I hope it works out as desired in the end
How many views are you angling towards (how many do you feel are achievable) Nobo, before things begin to level-off?
Or is the sky the limit - LOL!
Whoa, that's a big jump over the last two hours or so.
ACDU demonstrating some resiliency here:)
FAKE AZZ WALLS!
Time to move up - IMO:)
Agreed, would be nice to see just how thin we potentially are when attempting to move up.
Good morning all, it'll be interesting to see how this trades today:)
LMAO Boca - I'm still in the denial stage. Apparently, so are at least 257 others as well!
Trust me, you're not alone. Between the two, there's a strong support group - LOL!
Of interest with IDWD is the fact that the stock moved up, both on the BID and ASK, over the past few days without any transactions having taken place. I have it on my streamer, and watched the MM's incrementally move it up on no activity?
Excellent news, getting closer:)
That's an interesting theory Doubledown, thanks for sharing:)
We can achieve that with a little ASK slapping.
I wouldn't say died, rather just patiently waiting for the company to make its next move - bring on the filings, news and divy(s):)
ACDU - .0053X.0055!