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I gave a reply as a courtesy. I'll

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Renee Member Level  Thursday, 10/18/18 09:19:41 AM
Re: Khfmorb post# 948
Post # of 1000 
I gave a reply as a courtesy. I'll make one last courtesy post as my request was to see how the A.L.J. thinks.

I have read 1,000's of A.L.J. decisions and the following statements are the ones I wanted IORG readers to think about. I used XXXX instead of the company's name because 1,000's of A.L.J. decisions are almost identical.

Perhaps IntreOrg will be the FIRST company to avoid revocation because of their sincere attempts to remedy their Financials delinquencies.

Atypical comments by the A.L.J. in nearly every decision:

XXXX's failure to file timely and complete periodic reports is serious because it violates a central provision of the Exchange Act. The purpose of periodic reporting is to supply investors with current and accurate financial information about an issuer so that they may make sound investment decisions.

XXXX is culpable because although it knew of its reporting obligations, it did not file a single required Form 12b-25 disclosing its inability to timely file the omitted reports and the reasons therefor. Instead, XXXX repeatedly disregarded its reporting obligations and did not attempt to return to compliance until it was confronted with an enforcement action.

Even if an issuer has filed all delinquent periodic reports, revocation can be appropriate, particularly when the delinquencies continued for an extended period without adequate explanation.

A sanction other than revocation would reward those issuers who fail to file required periodic reports when due over an extended period of time and make last-minute filings only after becoming the subject of Exchange Act Section 12(j) proceedings in an effort to bring themselves current with their reporting obligations.


IntreOrg's Filings on EDGAR.

https://www.sec.gov/cgi-bin/browse-edgar?company=IntreOrg+systems&owner=exclude&action=getcompany

To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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