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Re: rickn23 post# 77958

Wednesday, 12/12/2018 10:41:47 AM

Wednesday, December 12, 2018 10:41:47 AM

Post# of 78243
you beliefs are not correct. a study of previous suspensions and revocations might help. you can study them here.

https://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/


if he were working towards current filing (and had documentation) REDG would have been granted an additional extension, for a good faith effort, to get current and not be suspended/delisiting.



if he had responded to the delinquency letter that he received before the suspension... maybe. but he didn't, despite what he "was saying". in other words, he lied.

I, also, believe that if Benny/REDG could be current today (magically), the SEC would revoke the suspension/delisting and allow the stock to trade. In the absence of illegal activity, the SEC isn't going to stop a company permanently for missing technical deadlines.



well,you're right about that. it would be magic because that only happens in fantasy land. here's how it works. if he somehow came up with all delinquent financials today, he could file a form 10 registration with 2 years of audited and try to become a public company again. just like any other private company wanting to go public. the sec has not "stopped" this company it has simply made it private. you still own shares, there is just no market for those shares.

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