NX Global, Inc. (fka NEGS)

[Renee]

Once the SEC suspends a stock for Financials delinquencies it is too late for a company to remedy the delinquencies. The SEC Admin Law Judge (ALJ) will revoke the stocks registration. The company has a choice to not oppose the stock revocation whereby the company could file a Form 10 for a new registration, or the ALJ will revoke the stock registration by DEFAULT and the company would forever be denied any new stock registrations.

Here is a case study of a stock that was suspended for Financials delinquencies where the company filed all delinquent Financials immediately after the Suspension. The ALJ denied the company's appeals to avoid stock revocation. Read the encompassing comments by the ALJ. The company may file a Form 10 for a new stock registration but shareholders of the revoked stock would not benefit even if the SEC approves a new stock registration.

http://www.sec.gov/alj/aljdec/2014/id709jeg.pdf

The I-Hub message board:

http://investorshub.advfn.com/Mobile-Area-Networks-Inc-MANW-14245/