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Thursday, February 27, 2020 5:41:09 AM
https://www.sec.gov/litigation/apdocuments/3-19419-event-5.pdf
Moreover, revocation will not be overly harmful to whatever business operations, finances, or shareholders ERHE may have. See Eagletech Communications, Inc., Exchange Act Rel. No. 54095, 2006 SEC LEXIS 1534, at *9 (July 5, 2006) (revocation would lessen, but not eliminate, shareholders' ability to transfer their securities).
Revocation will not only protect current and future investors in the Company, who presently lack the necessary information about ERHE because of the issuer's failure to make Exchange Act filings; it will also deter other similar companies from becoming lax in their reporting obligations.
A new registration process will place all investors on an even playing field. All current investors will still own the same amount of shares in ERHE that they did before, though their shares will no longer be devalued because of the company's delinquent status. All investors, current and future alike, will also benefit from the legitimacy,
reliability, and transparency of a company in compliance. The period of revocation will protect the status quo, and will give ERHE the opportunity to come into full compliance, to calmly and thoroughly work through all of ERHE's issues with its attorney, consultants, auditors, and management, and to complete its financial statements in
compliance with Regulations S-K and S-X
Sticking to the facts when it comes to ERHC is a mandatory, imo.
When the SEC permanently revokes ERHE, holdings will be worthless, regardless of purchase price.
Holding will not be worthless… did you miss this information when it was posted earlier?
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