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Re: janga post# 8477

Thursday, 12/05/2019 12:09:36 PM

Thursday, December 05, 2019 12:09:36 PM

Post# of 8753
Slipping through the crack seems highly unlikely, here’s what I know. SEC started coming down hard on companies that were delinquent filers back in June/July. In total it was right around 100 companies, many of them just shells. The SEC, provided all of the companies an opportunity to get their books current while they were suspended from trading or the companies and their owners were essentially band from the markets. Which ultimately happened to most. Although there is a “piggyback exception” which I am trying to find out more about. I don’t see how they were allowed to continue as a ticker?!?

Attached are 2 separate articles, 1 is the legal suspension of Iddr and the other is about “piggyback”.

https://www.sec.gov/litigation/suspensions/2019/34-86881-o.pdf

http://www.legalandcompliance.com/securities-law/15c2-11-application/

Let me know if someone can make any sense of what is going on?!?

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