DD Support Board and Research Team

[Renee]

Since the Admin Law Judges were re-affirmed on August 22,2018 the SEC has been on a holy tear, suspending 139 SEC Registrant stocks for severely delinquent Financials/Filings. Now that the SEC's fiscal year has ended (Sept. 30) and the SEC doesn't have to pucker up to Congress for awhile the Suspensions will likely slow down....tsk, tsk. We know that for 52 weeks each year the SEC's Enforcement should rout out every SEC Registrant that diminishes the integrity of the Markets by being severely delinquent in their filing obligations.

From my first list sent to the SEC a few years ago 27 stocks were suspended within 2-3 weeks so the list did have an impact. Unfortunately the contact person at the SEC moved to private practice so that avenue of direct contact was lost. I had enjoyed our contacts because she treated me as a peer, with nice personal qualities as well.

About a year ago I was feeling a smidge guilty for not having sent an updated list to the SEC so I sent the updated list of 316 severely delinquent SEC Registrant stocks to the SEC's provided link. As expected I didn't get a reply. Notwithstanding, shortly after sending my updated list the Supreme Court challenged the Admin Law Judge appointments essentially shutting down any A.L.J. actions until August 22,2018.

From that list of 316 severely delinquent SEC Registered companies 88 stocks have been suspended. It is more likely just a co-incidence that those delinquent companies were part of an SEC sweep of delinquent filers.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134746057

Here is the kicker, though. I posted warnings on all 316 I-HUB message boards, that each stock was at extreme risk of an SEC Suspension where the A.L.J.'s had revoked the registrations in 100% of all prior Suspensions. One would think that warning should have caused significant trepidation in holding any severely delinquent SEC Registrant's stock.

Not only did the warnings not cause much trepidation but when a stock did get suspended it boggles the mind how many I-Hubbers cannot or will not grasp the terminal severity of imminent revocation of their 'blue chip' stock after the SEC Suspension ends. Examples: UOIP and WSTI....read those boards to see what I mean.

So, spending a lot of hours to find delinquent SEC Registered stocks seems futile when the 'less sophisticated investors' (an SEC term) drown out every sophisticated researcher's work, whether it is BIOAQ facing assured stock cancellation or an SEC Suspended Registrant stock facing assured revocation of their stock registration(s).

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There exists in society a very special class of persons that are always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the fanatics and the frauds of any given age. No amount of evidence, no matter how strong, will bring them any enlightenment. --James Randi