1st, it had not been several years-if i remember right they had a july 2016 8k filing in which they reported financials-i reported that on this board multiple times- the suspension was sept 11,2017 - just 14 months later-not several years
they also had filings in 2015
i've never liked edgar- even armed w cusip #, name, ticker symbol edgar will often tell me,to paraphrase, 'no search results were found' -whereas if i go to otcmarkets.com its easy to find the info,so i rarely use edgar
besides during that time auditors reportedly were engaged by NEWC
in fact auditors reportedly said they would be finished ca 3 days after the suspension actually occurred- so unless the sec contacted the auditors and determined from them that that would not happen it seemed ridiculous to suspend just ca 3 days before auditors reportedly promised they'd be finished
no need to trample on longs further -thats unnecessary and cruel
the vast amount of detailed info given by newc in scores of pr's is not the pattern of a scam nor is being sec reporting
if they were not sec reporting they likely would not have been suspended by sec-they may have received a ce from otc for so many pr's without current financials but still would have been trading
delays are the rule in life and every one of the thousands of companies i've looked at has experienced delays so if u are going to use that as a barometer u will totally eliminate longs from the market
pending further fulfillment of promises i tend to think that inter alia this was a case of mr murphy on steroids -something very common in defenseless pennies since sept 2009
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
AI
