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Wrong, it doesnt matter a 12J proceeding can occur anytime after the suspension, I recommend researching the post activity after a 12k suspension.
The filings are worthless, read the suspension letter, as it is the very reason it led to the SUSPENSION:
WRONG! The CE is in place due to promotional activity along with regulatory actions:
That is NO BID....lol..
There is NO BID as there is no inside and no spread.
It will be the following, No Bid and also followed by Pink Limited tier drop.
It is on OTC Markets:
https://www.otcmarkets.com/otcapi/company/financial-report/333820/content
Its the same people that run both these shell scams, as if it matters.....lol
Lets get to the facts here:
1. The COMPANY authorized 210 Billion shares
2. The COMPANY authorized conversion of preferred and the issuance of 174 Billion shares
3. The COMPANY authorized the removal of the restricted legend for 113 Billion shares to date
4. The COMPANY allowed the selling of 55 Billion shares into the market to date as of the last TA report
The COMPANY is responsible for the current share structure and trading environment, that is a FACT.
So much for full disclosure of the agreement...lol... Amazing such terms are now trotted out that if a stock is trading No Bid for 5 days the agreement is in default...lol.. I give them credit, they are truly some imaginative dumbassess, as if this is a realistic or legal term in an OTC stock with 175 Billion shares.
Uhhh read their disclosures, it clearly defined in their Notes section, plenty of active conversion to common shares that are also then allowed to have the restricted legend removed to allow for free trading and selling. Pick any quarterly or annual disclosure, its clearly and transparently disclosed the DILUTION of the share structure and the TA confirms both the dilution and market dumping.
enjoy!
uhhh that was today, check the VWAP .000099.. nothing but .0001s and .00005s
Level 2 is not supposed to be about accuracy, its simply a trading tool for reference. It does not provide depth as not all retail want to display their total order.
You do realize that a block order of 55 Billion will only be shown as 10,000 on L2.
It is No Bid, there is no "Inside" quote
Or the best, its part of the plan...lol
Meanwhile they filed an NT on Friday and dumpathon happens on Monday...lol..Imagine that.
I guess there werent so many takers of the supposed cheapies if they were offered up at .0001 again. Seems like the 8 Billion bid that dropped to 4 billion is now nothing at all.... lol... Ba ha ha ha ha ha ha ha ha ha. We can clearly see what is a fake wall..
Probably should pay attention to the share structure here, there are 55 Billion unrestricted free trading shares that are being dumped into the market, watch the DTCC number go up at the end of the month on the next TA verified report.
Ahhh yes, the dumpfest to No Bid has begun and, Lumb needs more fuel for his yacht and well if people are willing to buy his 55 Billion free trading shares, well fuel is what he will get for the rest of the year.
Its not possible, its against the law both regulatory and State laws.
PDIV was issued restricted shares, so what? They did not buy them.
Ba ha ha ha ha ha ha ha, not in a million years, more like laziness as usual, one can easily see how many NT forms they have filed over the years, in fact it is usually before they stop providing disclosures for years.
Nah, it really likes No Bid X .0001, its most comfortable there once Lumb gets impatient and dumps as much of the 55 Billion in free trading as he can.
Thats not what it says, it doesn't say all ATS are dark pools and it doesn't discuss OTC Markets where there are no dark pools.
No FTD no shorts and ATS on OTC are not dark pools as this is not an exchange. Pretty self explanatory.
This is not an exchange, there are no dark pools here. ATS doesn't make it a dark pool....lol...
Or the response is the fraudulent timing of only releasing material information when the market is good....lol.. In either case it is fraud. But hey whatever makes the story seem legit.
How is that Pink Current thing working out? To date no increase in share price, further dilution and well not a single closed real transaction to date.
Resignation doesn't absolve the company from the fraud already committed, its not as if hid resignation erased this pumped shell company and its fraudulent promotion activity that led to its suspension. It already happened while he was there.
Enjoy!
The 10Q has nothing to do with OTC Markets, further this shell wasn't "listed" as the OTC is not an exchange. This shell was simply QUOTED on OTC Markets and that is all.
Yes, being revoked is now highly probable.
Some of these go silent for months and years, until the SEC does a sweep of delinquent tickers and issues a notification that it has been revoked.
Also with the current lawsuit sitting out there, it is really not in their best interest to continue to facilitate the fraud as each document just adds to the pile, so maybe that is their strategy to just go away.
It is a shell as defined by the SEC, just because the company declares it doesnt make it so, that is called "Due Diligence".
An R&M doesnt change the shell status of a company, that is a FACT.
Its not difficult, as the 10Q is an established template, they only update the financials and the notes within and that is it. There are no additional costs burdens either, so both resources of time or money are not viable excuses to file what is nothing more than 4 hours of work for a shell corporation such as this.
You cannot just check mark a box that it is no longer a shell without meeting the requirements that cure the shell status. The SEC clearly defines what is a shell corporation, all you have to do is look at the last 10K and know that this is a shell corporation by SEC definition:
By the way there is a board that tracks suspended and revoked securities, in nearly 99% of revoked securities they were suspended in months prior, in some cases weeks and in others months.
https://investorshub.advfn.com/Sec-Suspensions-Amp-Revocations-25334
I am betting in those cases they werent dormant shells that were recently taken over through a reverse merger either.
https://www.securitieslawyer101.com/2019/dormant-shell-companies-for-reverse-mergers-suspended-by-sec/
This was suspended already, its at a higher risk of being revoked, a regulatory action has already occurred. Nobody is discussing the OTC Market tiers, the OTC Markets isnt a regulatory agency, its a pointless system that has no real penalties as you discussed.
Not going to get a Form 211 being delinquent, wasnt going to get one anyways being recently suspended either. They would also need to go through the whole registration process again and well that is not going to happen either.
Generally nothing for the short term, usually out to 2 years if delinquency continues and then the SEC suspends the ticker. However, recently there has been a clean up of OTC tickers and their delinquency problems seem to be a focal point. Also a focal point is the use of Form NT and its frequency, if a consistent pattern that just adds to the pile.
But with this turd it has an additional focal point, its been suspended already in the past 6 months along with the unknown of if there will be additional regulatory action that was already in process to revoke this ticker from the previous suspension. Either way, the Form NTs and Delinquency just add to the pile for a judge to issue the revocation notice.
Uhhh the date they filed for the extension 4-14, also he told you the math, 45 days from Feb 28th, that is 4-14, the day they filed for an extension.
Pretty simple, they are delinquent.
4-14 was the due date, that is why they filed the Form NT-10Q, they are now delinquent.
The OTC Markets tier system is unrelated to the regulatory SEC reporting requirement, maybe a good idea to read of the differences is in order. One is a regulatory agency and one is public PR service that has it's own rules for its own tier system.