InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,459.10
(
1.11%
)
US TECH 100
18,514.00
(
1.00%
)
Dow Jones
40,589.34
(
1.64%
)
Brent Oil
79.75
(
0.00%
)
Bitcoin
68,063.99
(
0.39%
)
Post# of 2254
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

RealDutch

Send PM Follow Ignore
Followers 117
Posts 35844
Boards Moderated 3
Alias Born 04/19/2012

RealDutch

Member Level

Re: Renee post# 2167

Tuesday, 09/29/2015 9:13:16 AM

Tuesday, September 29, 2015 9:13:16 AM

Post# of 2254

Advanced Battery could have simply filed a FORM 15 4 years ago to voluntarily cease reporting to the SEC and become a non-reporting stock on the OTC, but the company did not do so, and it is too late to do so.



That depends. You need to have less than 300 shareholders of record. I'm not sure how many they have now. Also, the company is/was profitable and can pay the bills. So a FORM15 would make them subject to more lawsuits as they are not performing their fiduciary duty. And that is the last thing they want.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up