Speed Commerce Inc (SPDC)

[aspirin]

It's appears to be a gray area.

Specifically, can Speed Commerce legally terminate the registration of its common stock prior to resolution of its ongoing lawsuit with Graffiti Entertainment? It could be argued that those stockholders total more than 300 as well. Does Federal Securities registration rules allow that? Can we assume that SPDC has adequately apprised Federal regulators and have received the green light?

Sorry, just thinking out loud. I'm not an attorney.