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Re: MIKE2OO5 post# 30350

Thursday, 06/29/2017 10:01:51 PM

Thursday, June 29, 2017 10:01:51 PM

Post# of 30926
Expect the stock to be revoked on the 10th.

Pay attention to the last paragraph.

https://www.sec.gov/alj/aljorders/2017/ap-4899.pdf

The ALJ expects to resolve the proceeding under 17 CFR 201.250. Essentially, the judge will rule that the SEC's allegations are true (i.e., that CDNL failed to file their required interim and annual financial information, which are facts not in dispute). Based on that fact, the registration should be revoked.

That is almost certain to happen on the 10th, since the SEC and the ALJ's have held that the violation of late filing cannot be rectified by filing after the revocation hearings have begun.

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