PositiveID Corporation (fka PSID)

[Renee]

The usual procedures for the SEC when an SEC Registered company is severely delinquent in filing Financials are to first contact the company advising the company of the Financials delinquencies. When the company cannot or will not file the delinquent Financials the SEC then suspends the stock and begins Admin. Proceedings to revoke the company's stock registration(s).
Some time thereafter the Admin. Law Judge revokes the company's stock registration(s).

In a few instances, like PSID today, the company responds to the first contact from the SEC about the Financials delinquencies and rather than have their stock suspended and then waiting for the SEC Admin. Law Judge to revoke their stock registration(s) the company agrees to their stock registration(s) being revoked.

Quite a shock to shareholders when their stock can no longer trade with the stock registration(s) revoked, but essentially the same end result happens if the SEC had first suspended their stock and the Admin. Law Judge quickly thereafter revokes the company's stock registration(s).

PositiveID Corp. was 2 years delinquent in filing their Financials:

https://www.sec.gov/cgi-bin/browse-edgar?company=PositiveID&owner=exclude&action=getcompany