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Here is your answer from Ihubs SEC specialist, Renee:

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cintrix Member Level  Monday, 01/07/19 11:38:19 AM
Re: ThirdSyte post# 5321
Post # of 5329 
Here is your answer from Ihubs SEC specialist, Renee:

Some suspended companies submit a Form 15 after the Suspension as a Hail Mary, hoping to avoid revocation andto become an Alternate Reporting OTC stock. It costs nothing to submit the Form 15 so it's a last gasp gamble.

It never works as the A.L.J. revokes 100% of all registrations for stocks suspended for Financials delinquencies.

FYI, SEC Registered companies that are severely delinquent in filing Financials and have not (yet) been suspended still try to file a FORM 15 to deregister in the false hope they no longer have to file their delinquent Financials, but the SEC can still suspend those stocks on the Financials delinquencies that existed before they deregistered.

To be 100% safe from getting suspended for delinquent Financials an SEC Registered company that files a FORM 15 to deregister must be current in all Financials.


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