Born Inc. (BRRN)

[horst]

If a company doesn't care that CERP* suspended its duty to report to the SEC, then it's theoretically ready to go--but imo the fact that it suspended its duty to file with the SEC would be seen as a red flag in need of resolution prior to a merger. That's not to say a merger can't happen there, but especially with new regulations coming into effect soon, nonreporting companies at some point in the not-too-distant future won't be tradable. So for any serious company looking to go public, now more than ever they'd be looking for an SEC-reporting company to reverse merge with.

Form 15s are common during custodianships: first a Form 15 to suspend duty to file (so they have time to get their filings in order without getting in trouble with the SEC) and then another to announce they're resuming SEC reporting. QUTR filed its first Form 15 suspending its duty to file soon after custodianship. When it filed a subsequent Form 15 to announce it was resuming SEC reporting, I bought a few more million shares right away--that was a signal filings were coming. Take note of this - most traders don't know what those forms mean or foreshadow.