SEC delinquent filers
I am not so sure of that.
There are other companies that have not filed in years and the shares are still trading.
As an example, these companies all appear to be totally gone, no assets and not even a corporate charter in some, but the shares still trade
BDGR - Black Dragon Resources, kept
OMDA - OMDA Oil and Gas
MAHI - Moarch Avalon Publishing
Note that MAHI did properly file a form 15 to stop filing and paid a liquidating dividend; the other two were some kind of pump and dump routine where one of the CEO eventually ended up in jail on other things.
It is strange how some companies can trade for years, even though the company is long gone and/or liquidated; but other companies once they fall behind get a trading halt.
Of course, with BKKN, there always seemed to be something strange going on and I seriously question of the oil rights and/or cash they claim they had was ever there.
At one point the company claimed it needed time to bring their repporting up to date, but the only thing they had one of the books at that point was mostly cash in a bank account, but it still took months to file the reports, none of which made any senses.
Any then there was the whole series of lawsuits and the Chapter 11 filing that got withdrawn for the company.
Louis J. Desy Jr.
