Stragenics Inc. (fka ASAB)

[Euripides90]

From SEC:ASAB didn't receive their Delinquency Letter d. Sept./2017 b/c-of-failure-to-maintain-current-address-on-file (the idiots), even though he hired Sadler-Wells CPA's BEFORE this letter was sent so he clearly knew about the Delinquency Issue and set about clearing it, must've spent money on the accountants (IDK why prev. Accountants didn't handle the address matter or do anything), he must've assumed "someone else" else was handling basic admin. matters like updating address (while he was out raving).
They also hadn't updated OTC and I'd emailed him about that and others must've also. IF he had responded in time he could've gotten an extension to file...

The stock DID have 5 MM's, met the criteria for "piggyback" exception. SO stupid!

https://www.sec.gov/litigation/suspensions/2018/34-83263-o.pdf

On September 29, 2017, Corporation Finance sent a delinquency
letter to ASAB requesting compliance with its periodic filing requirements, but ASAB did not receive the delinquency letter due to its failure to maintain a valid address on file with the
Commission as required by Commission rules (Rule 301 of Regulation S-T, 17 C.F.R. Section 232.301 and Section 5.4 of EDGAR Filer Manual).

As of May 10, 2018, the common stock of ASAB was quoted on OTC Link, had five market makers, and was eligible for the “piggyback”
exception of Exchange Act Rule 15c2-11(f)(3).

Also: https://www.sec.gov/litigation/suspensions/2018/34-83263.pdf

You're also right that he handled the "fake email" situation badly, he should've left it alone after disavowing involvement -- arguably his having it taken DOWN influenced the price and that's where he could've gotten into trouble -- for losing us money by his actions influencing the market THERE, which is why many co's are silent in these cases; but IMO ditto DDD- who lambasted Grofe publicly for not PR'ing within the week (that extra attn. and pressure may've made Grofe back OFF more).

Grofe told me he had "nothing to do with manipulation" in an anxious voice so I thought, he might PR in due course anyway, since he SAID he was in fact "moving the company forward" (that's innocuous in itself), and that he hired Sadler-Wells to get current, that we'd learn about it in due course via PR's and 8K's (plural). I was not surprised he was letting some time pass B4 doing so and that he avoided all investors after that though he did reply to a couple of DM's, indicating he'd follow up. (I posted that ppl should keep letting him know their thoughts as investors however not to expect a reply for this reason, he'd be "read only" but we knew he was reading.
He should've updated as filings were being prepared, and it was his obligation to inform investors what they were working on (within confines of "forward-looking statements" etc.).

I don't think this stuff had anything to do with the SEC's decision whose reasons are pretty clear, it made Grofe skittish, but I Don't think it could have made him abandon his own investment completely? Will he ever do what he was allegedly planning to do all along? I don't see why he shouldn't.