First China Pharmaceutical Group Inc (fka FCPG)

[fcpgalltheway]

First China Pharmaceutical Group, Inc. Key Developments


SEC Orders Hearing On Registration Suspension Or Revocation Against First China Pharmaceutical Group, Inc. For Failure To Make Required Periodic Filings

Mar 20 15

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of First China Pharmaceutical Group, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

I guess we have 120 days from March 20 before a judge makes a decision. Maybe some of you should really ask Doug to help shareholders by taking that trip to China and talk to Wang one more time. Some of you who have a paper loss of 100 thousand or more should think seriously of taking this final approach and contribute some money to assist him with the trip to China. If only 3 of you can discuss this issue with Doug, maybe it will cost you only $1500 each to help him pursue this last try to meet with Wang and convince Wang to reverse this destructive course of action. Doug is also in contact with Greg Tse who could also be involved in convincing Wang to reverse the destructive course that he has taken. Novice and dmg, you two should really look seriously into this suggestion and make appropriate contact with Doug. Don't give up until you have seriously talked to Doug.