InvestorsHub Logo
Followers 16
Posts 4027
Boards Moderated 0
Alias Born 11/01/2005

Re: None

Thursday, 10/29/2015 9:40:36 AM

Thursday, October 29, 2015 9:40:36 AM

Post# of 5489
So with revocation, do those of us who do not have share certificates need to get them from SLTA?
I guess the ticker goes away at final revocation so what do our brokerage firms do with our shares?

What a mess! This judge really screwed us.
And again, SLTA/GL came up with big $ to become current and would not risk the threat of revocation if they are late filing again. Just common sense. But this judge ignored the effort it took to become current so fast. Ignored the investment. Ignored the current shareholders. I'm sure GL was as surprised as I was of the judge's decision because of course they wouldn't have thrown away all that money getting current.
This judge is terrible and the SEC screwed us too and I wish they never got involved here.

With that said, revocations are not permanent and there is a process to request re-listing I think. But that takes time and I hope Fabio can get something going sooner than later.

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.