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Creede: Only an SEC Admin. Law Judge can

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Renee Member Level  Friday, 05/22/20 07:27:26 PM
Re: creede post# 173045
Post # of 173615 
Creede: Only an SEC Admin. Law Judge can revoke an SEC Registrant's stock registration(s), most times after the SEC has suspended the company's stock for being severely delinquent in filing Financials. In each instance the SEC includes an Administrative Proceeding to revoke the company's stock registration(s).

Part 2 of your question: LMGR is essentially an illiquid stock with insignificant trading volumes so you surmise correctly that the stock is likely not on the SEC's radar for the company's severely delinquent Financials. Nonetheless, the SEC can easily include LMGR in a Suspension sweep and then the stock registration(s) would be revoked.

Rhetorical question: why on earth would anyone with a lick of common sense buy a stock with zero disclosures for over 10 years??????

To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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