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Tuesday, February 13, 2018 12:11:02 AM
LMAO!!!! Treaty needs to make sure their Clownfish post the entire story instead of just doing a DIZZY DONNIE! NEXT!!!
REVOCATION Baby! Yeah!
Notice the link?
promotionstocksecrets.com/the-sec-just-suspended-my-stock-now-what/
What the company does only matters if it hopes to resume trading one day. Several recent cases suggest the SEC is now recommending that issuers who want to make things right should accept revocation, and then get two years of audited filings in order and file a new Form 10. That has the advantage of relieving the company from the obligation to catch up with dozens of old financial reports, which might prove an impossible task, but it has the disadvantage of leaving shareholders in the lurch for as long as it takes to get the filings in, find a sponsoring market maker, and get a Form 211 approved by FINRA.
Once registration has been revoked, the stock's ticker will be deleted. Shareholders will still be shareholders, but in a private company. Their stock will be extremely illiquid, and its value will be difficult to determine, as there is no public market for it.
Companies suspended for suspected fraud have usually been quite active in the recent past, and perhaps are currently active. The three most recent suspensions for cause brought by the agency were of Polar Petroleum Corp (POLR), Biozoom, Inc. (BIZM), and Norstra Energy (NORX), all of which had been trading vigorously just before the SEC brought down the hammer.
DIZZY DONNIE! Caught in the Spin Cycle! AGAIN!!!
REVOCATION Baby! Yeah!
Notice the link?
promotionstocksecrets.com/the-sec-just-suspended-my-stock-now-what/
What the company does only matters if it hopes to resume trading one day. Several recent cases suggest the SEC is now recommending that issuers who want to make things right should accept revocation, and then get two years of audited filings in order and file a new Form 10. That has the advantage of relieving the company from the obligation to catch up with dozens of old financial reports, which might prove an impossible task, but it has the disadvantage of leaving shareholders in the lurch for as long as it takes to get the filings in, find a sponsoring market maker, and get a Form 211 approved by FINRA.
Once registration has been revoked, the stock's ticker will be deleted. Shareholders will still be shareholders, but in a private company. Their stock will be extremely illiquid, and its value will be difficult to determine, as there is no public market for it.
Companies suspended for suspected fraud have usually been quite active in the recent past, and perhaps are currently active. The three most recent suspensions for cause brought by the agency were of Polar Petroleum Corp (POLR), Biozoom, Inc. (BIZM), and Norstra Energy (NORX), all of which had been trading vigorously just before the SEC brought down the hammer.
DIZZY DONNIE! Caught in the Spin Cycle! AGAIN!!!
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