Carter has to respond to the Sec by 10 days, this is a short term suspension. If Carter does not respond then the Sec can by law suspend Uoip trading up to 12 months. Here are the basics about stocks, investors in invest in a company, in return the company gives a stock to the investor, a stock shows ownership of a company, therefore we are all owners of Uoip. If anyone wants to claim that Uoip does not exsist, and that Carter is just blowing smoke, then we as investors have the right to sue Uoip for false information and for fraudulent tactics to lure in investors, we even have the right to sue in the future if Carter remains to stay in a grey market for a certain length of time and does not update his investors that are holding Uoip stock. The Sec requires annually reports from a company to help investors decide on wether they wish to invest into the company or not. It is to protect investors and to provide them with real numbers/ real facts of the company currently.
