Dewmar International BMC Inc (DEWM)

[Det_Robert_Thorne]

Another SEC-Reporting company suspended today for delinquent filings

As an example as to what Moran is facing if he doesn't step up the pace, a SEC-Reporting company named Ubiquity (UBIQ) was suspended for ten days because it was late with its required filings:

The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”), of trading in the securities of Ubiquity, Inc. (“Ubiquity”)(OTCLink: UBIQ), commencing at 9:30 a.m. EDT on March 20, 2017, and terminating at 11:59 p.m. EDT on March 31, 2017.

The Commission temporarily suspended trading in the securities of Ubiquity due to a lack of current and accurate information about the company because Ubiquity is delinquent in its requisite periodic filings with the Commission pursuant to Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. This order was entered pursuant to Section 12(k) of the Exchange Act.

https://www.sec.gov/litigation/suspensions/2017/34-80275.pdf

After two or three sessions of not trading (today was the first,) Ubiquity will be moved to the Gray Market, and won't be quoted on LII.

The reason DEWM shareholders should find UBIQ's situation of interest is because if one looks at that company's filings, they'll see that the most recent 10-K was the one for 2014, which was filed on time, and the most recent 10-Q covered 3Q/15, but it was filed in May of 2016. This company was four reports ahead of where DEWM is now.

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001538329&owner=exclude&count=40&hidefilings=0

On Nov 21, 2016, Ubiquity filed four notifications of late filing, covering the 2015 10-K and 1Q/16 - 3Q/16. In the NT 10-K, UBIQ promised the 2015 10-K by March 30, 2016, yet the SEC suspended the stock today, ten days before that date.

https://www.sec.gov/Archives/edgar/data/1538329/000149315216015290/nt10-k.htm

IMO, Moran is seriously under the gun to get caught up to 3Q/16 before March 31, 2016. then he must file a NT 10-K for FY2016 by April 3, and the 2016 10-K by April 17.

Added in edit: It's possible that Moran may have opened a dialog with the SEC while UBIQ didn't, and so he may have agreed to a set of due dates to be honored, which could push the "drop-dead" date well into the future.