1manband, have a few questions regarding the SEC and NEWC/VSUS.
Your comment below stimulated me to look up the correspondence history between the SEC and NEWC/VSUS all the way back to Dec. 23, 2010.
The Company had a long-time habit of ignoring SEC filing regulations, going back to the Form 10 where they blew off the SEC comments
Even before NEWC filed their Form 10 (on 6-17-2015), VSUS (predecessor to NEWC) was in trouble with the SEC as can be noted in the correspondence from 12-23-2010 through 3-22-2012. Then we have the brief period of correspondence between the SEC and NEWC regarding the Form 10 filing from 7-8-2015 through 9-11-2015.
My questions are as follows:
1) Why was there no SEC correspondence after the warning of 3-22-2012? I assume that VSUS never answered the SEC's original concerns from 12-23-2010. If not, how come VSUS was not suspended and then revoked?
2) Given all this past history with VSUS, how could and why would the SEC accept the Form 10 filed by NEWC on 6-17-2015? Yes, I understand that acceptance does not mean approval, but still by accepting their Form 10 it was allowed to become effective automatically after 60 days. Couldn't the SEC have stopped their registration from becoming effective somehow?
3) Then, finally, we see no correspondence from the SEC (except what was revealed by Campo) after 9-11-2015 up until the present time on EDGAR. Was all correspondence after 9-11-2015 kept secret by the SEC, and if so why? Only Campo revealed some correspondence going on between the SEC and NEWC in a couple of his 8-K filings. Was there something preventing the SEC from revealing this correspondence?
I am asking these questions ONLY for my own educational purpose. I have no current investment in NEWC and only am interested in educating myself regarding their past and future (if any) history. TIA for taking the time to try and educate me!
