Home > Boards > US OTC > Computers - Hardware > Metro One Development, Inc (MTRO)

why companies go on dark side. Form 15

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
mick Member Profile
Member Level 
Followed By 2,859
Posts 897,960
Boards Moderated 330
Alias Born 09/04/00
160x600 placeholder
mick Member Level  Friday, 02/19/21 05:36:49 AM
Re: mustang500hp post# 9381
Post # of 9408 
why companies go on dark side. Form 15 Going Dark to Avoid an SEC Suspension

Educational Post: SEC Suspends Delinquent Filers


SEC Form 15-12G

is a form that allows for
certification of termination of registration
of a class of security under Section 12(g)
or notice of suspension of duty to file reports
pursuant to Sections 13 and 15(d)
of the Securities Exchange Act of 1934.



Since the SEC began its recent run
of suspension notices against delinquent filers
there has been an uptick
in the number of Form 15 filings
done by delinquent filers.

A Form 15
is a filing done by an SEC Registrant
to voluntarily deregister its stock with the SEC.

By deregistering,
the Issuer moves to the Pink Sheets
and is no longer required to do periodic reports
( 10-Q's and 10-K's ) with the SEC.

It is obvious that some delinquent filers
took notice of the suspension risk
and decided it was better
to lower the respectability
and value of the public vehicle by going dark
rather than risk a future SEC suspension.

* Delinquent Filers
run the risk of being suspended
at any time without warning.

* No longer a suspension risk as a delinquent filer

* Can still be suspended by the SEC
if the SEC deems the security
to be a risk to the public
because of some kind of fraudulent activity.



OTC Market Research




Guidelines - for Trading Penny Stocks

48. There will always be a fresh round of newbies
willing to part with their hard-earned money.

The question is,
will you help them to understand the game,
or take advantage of them ?



Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences