"There are two types of SEC Suspensions, one for SEC Registrant Issuers/Filers that are delinquent in filing Financials. The SEC Suspension is always accompanied with an Administrative Proceeding outlining the Financials delinquencies. Those stocks will have their stock registrations revoked, NO EXCEPTIONS!! Stocks in this category will remain on the Grey Market until the SEC Admin Law Judge revokes the stock registration."
Renee (or anyone)? ECOS had been delinquent since mid 2014. They filed only the missing Quarterlies and 10-Ks thru 2015 on April 28. Nothing since? Trading volume for the next 2 trading days was over 3 billion shares and they have had many Billion + trading days since?
I can't find any SEC communication letters on the SEC site.
What is the normal time the SEC allows delinquent filers to become current before they suspend or revoke and do they get credit for being 'partially' compliant?
I suspect they have been selling, or issuing large numbers of unregistered shares to someone in the last three months?? They left the gate open to the naive and ignorant corral and most of the herd has wandered over there LOL.
TIA
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