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Had Power Sports Factory appeared at the Admin

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Renee Member Level  Thursday, 08/06/15 04:21:05 PM
Re: 12thman post# 2148
Post # of 2152 
Had Power Sports Factory appeared at the Admin Law Judge's Hearing and had the company co-operatively agreed to the revocation of the company's stock registration the process is to file a FORM 10 to apply for a new stock registration. Only two companies out of 1361 that had their stock registrations revoked were successful at regaining a new stock registration.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114783035

Power Sports Factory chose to not appear at the Admin Law Judge Hearing and the Admin Law Judge revoked the company's stock registration by DEFAULT.
As such the SEC would not likely ever approve a Form 10 even if the company submitted one.

http://www.sec.gov/litigation/admin/2013/34-69705.pdf

To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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