Santa Fe Gold Corp. (fka SFEG)

[zerosum]

SEC suspension & revocation deadline extremely overdue, and investors can wake up tomorrow and lose all their money. The SEC will, without question, suspend SFEG any day now if SFEG does not become fully current with ALL past due SEC filings. When a company is suspended and revoked the stock stops trading and you will not be able to sell one share.

I’m not a basher. I always prefer to, and do go long OTC stocks. I hardly ever short and am not short SFEG. However I thought everyone should be hyper aware of the current very risky situation here.

I’ve been tracking the SEC grace period and SFEG is extremely BEYOND the SEC grace period. And years overdue on their SEC filings.

SFEG is extremely delinquent in their filings for many years now. No SEC filings have been filed in the last several years. When that happens the SEC allows a GRACE PERIOD of 2 to 3 years MAX. No more than 3 years on the dime, and they don’t typically go over 3 years. SFEG is about to beyond time period as of early January. Full stop.

SFEG has not been current with the SEC for over 3 years now. Not the date of the last filing, but the last time SFEG was completely current with the SEC. It’s been just about 3 years. So imo traders and investors need to sell their shares now, or risk losing 100% of their investment. SFEG may be trying to file, but auditors ALWAYS take twice as much time than expected, and the SEC has no mercy. They want their money and the company brought current within the grace period and they will not wait for anyone. If not, they immediately deem the company as not fit for investment and pull the plug on the stock. Countless OTC companies are suspended every year. Thousands. I’ve been caught in several and lost my entire investment so I make it a habit to track this. In order to avoid suspension they would need to file in the next couple days, but the SEC can pull the plug today or tomorrow, this is a courtesy grace period given by the SEC, but they have pulled the plug on others much earlier, even the 2 year delinquency mark.

SFEG has carelessly risked all their investors and insiders money by waiting this long to file. They are idiots for playing with fire with the SEC. I’ve seen it happen so many times. The SEC is merciless and will not wait. I’m actually surprised SFEG has not been suspended and revoked already. Anyone with cash at risk in this stock would be wise to sell out or risk losing 100% of their investment.