the 2016 reference you now make is AFTER the sept 2015 letter,changing the game and the 2016 filing BY newc indicates there would be an admin hearing BEFORE anything was done and newc was working to resolve the issues and there attorney was communicating w sec-due process requires proper notice of such hearing-so a trader would not necessarily be concerned at that point in time when the 2016 8k filing u refer to indicates a resolution is being sought through channels
only those who thought the ceo was a crook or that this was a scam would interpret otherwise
in the law there is something known as laying the foundation -providing the history and the explanations necessary for the reader to understand a case or situation
the sept 11 2015 sec letter does not do that!!!!!- there is mention of a history but no listing of such and no link to that history so all a non-sec specialist can determine is there is some kind of spat
i'm not some idiot as u keep inferring-i was reading encylopedias in 1st grade when peers were trying to read 'see jane run' for 3 years and trying to count to ten-was doing college work by 5th grade valediction of my unversity top of my field w no peers professors would fall out of their chairs and say u've understood in minutes what takes a semester to teach and would call my adult guardians and say he's a genius
and i'm very aware of the unprecedented corruption and violations of the constitution in wash d.c. and the stock market from sept 2009 on
to this day the sept 11 2015 email letter does not make sense-it cant-we arent given the history necessary to understand
and as i've explained i gave up on using edgar bc time after time when i tried to research a stock on edgar w cusip, name and ticker i got a 'no results were found'
they dont make it easy to get info let alone lay the foundation for a non-sec specialist to understand
so the average stock trader,esp average penny stock trader who knows far less than me is not going to understand
so the average trader was not warned via the sept 11 2015 letter
Item 8.01 Other Events
On November 30, 2016 the Company received a letter from the United States Securities and Exchange Commission Office (the “SEC”) of Enforcement Liaison – Division of Corporate Finance which informed the Company that it was not in compliance with its reporting requirements under the Securities and Exchange Act of 1934 (the “Exchange Act”) and that, as a result, the Company may be subject, without notice, to an administrative proceeding to revoke its registration and suspend trading in the Company’s stock. The Company has not filed the required reports as of the date of this report, however it intends to file such reports as soon as possible. Nevertheless there can be no assurance that trading in the Company’s stock will not be suspended by the SEC at any time. Company counsel is in communication with the SEC staff with respect to this issue.
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?
