Telynx (fka TLYN)

[DueDillinger]

fringer- The SEC uses the filings issue as an easy way to call attention to scams. Telynx has undoubtedly been 'on their list' for a very long time, but it didn't have the priority to warrant allocation of limited resources for a full investigation--a very costly and time-consuming exercise.

So regularly now they include long-time targets like Telynx amid the obviously dead non-filers, and they tell the company to get current or be deregistered. If the company makes its filings current, it will fill in the gaps in public information that the SEC wants to see. If it doesn't, the company can plead its case at a hearing where it can explain why the public is left in the dark.

This is how the SEC finally rid the market of the CMKX scam without the expense of a protracted legal case. With any amount of luck, Telynx will be gone forever soon.