Furthermore, even if BLTA were to become fully current, consistent with the aspirational schedule attached to Koulouris’s Declaration, little — if any — credit is given to registrants that ignore their filing requirements and then hurriedly become current during a Commision proceeding. As Judge Foelak noted in revoking the registration of such a registrant, "dismissal or a lesser sanction [than revocation] would reward issuers who fail to file required periodic reports over an extended period and become current only after enforcement proceedings are brought against them, essentially providing an automatic lengthy postponement of the prescribed filing dates for such issuers to the detriment of the public interest and investors."
GLTA
My posts are JMOs and musings. “You can’t trust anyone,” Sykes said. “The companies are trying to get their stock up so they can raise money and stay in business...most penny stocks are scams that are created to enrich insiders.”
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