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Tuesday, March 13, 2018 10:00:57 AM
I was referred to a website that explains the options ALKM has left. They still could be suspended at any time.
The securities registrations of issuers that fail to make their required periodic filings are subject to suspension or revocation by the SEC and other enforcement proceedings.
Since it was instituted, the SEC Delinquent Filers Branch has suspended the trading and/or revoked the registration of thousands of companies, often in sweeps of large groups of filers in a single day. Generally, a delinquent filer will receive a letter from the SEC giving the Company 15 days in which to make the filings current, and if such filings were not made current during that time, the SEC would institute administrative proceedings to revoke the registration of the Company’s securities.
ask the CEO if they got that letter from the SEC recently.
http://www.legalandcompliance.com/securities-resources/bringing-delinquent-exchange-act-reporting-companies-current/
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