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Tuesday, February 23, 2016 2:32:59 PM
At this point we haven't seen a single update anywhere, hence the true reason most of these that go grey never make it back because it costs a crazy amount to get everything right and these CEOs don't have a tenth of the money needed.
The only time a stock is officially finished is for securities fraud and again reading the SEC letter I read financials not updated and control questions. Nothing about securities fraud, again the company would have to pay BIG money to than resolve the other issues.
- Pay OTC there annual fee
- Pay to have financials updated on site
- Pay a CPA to do financials
- Pay an attorney to find out the reason it was suspended
- Pay an attorney to write a letter stating all info is current
- Pay Nevada to get current
- Pay a Broker to back the stock/security again
- Plus any other fees im missing which im sure is plenty
VERY expensive and for 99.9% of CEO's and penny companies the fees needed to be paid are to much for them to come close too not to mention its not worth it to them to spend the money to fix the problem to begin with.
All of my posts are strictly my own opinion. Please do your own DD before making any investments and only risk what you can afford to lose
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