Baconmaker: When the SEC files an Administrative Proceeding against an SEC Registrant for Financials delinquencies it is their intention to revoke that stock's registration, whereby the stock would never trade again.
For MSGI, excerpt: MSGI Technology Solutions, Inc. (a/k/a MSGI Security Solutions, Inc.) (CIK No. 14280) is a revoked Nevada corporation located in New York, New York with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). MSGI is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended December 31, 2010, which reported a net loss of over $1.4 million for the prior three months. As of September 1, 2015, the company’s stock (symbol “MSGI”) was traded on the over-the counter markets.
When an SEC Registrant fails to heed delinquency letters sent by the SEC it is too late for the company to become compliant after the SEC Admin Proceeding is filed.
Read the following linked post for a thorough explanation to why MSGI's stock registration will be revoked. ***attention to stocks that are / were SEC Registrants where every one of them had their stock registrations revoked.
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