Savoy Energy Corporation (SNVP)

[TJG]

As I have posted at least 3 times and wont do it again, CE stay up, per the information on the OTC web site, for 30 days. There are occasions according to them where it can be lifted sooner.

But the list or reasons are short on one of them only really applies to this stock. They must be current with their financial filings, be it Audited or Alternative Financial Filings. SNVP had been in the past filing using Alternative. In order for them to get current they will need to file the past three years of deliquent financials.

Although the last Q filing was for Period Ending 6/30/2012 and the last 10 K was for Year Ending 12/31/2011 all they will need is all Quarters for 2018 up to 11/09/2020 and the Year Endings for December 31 for 2018, 2019 and 2020. Once they file those and post the Attorney letter then they can become Pinksheet Current and have the Skull and Cross Bones lifted.

One last thing, there seems to be some miss information as to this not be able to be suspended because it a Custodial stock. Absolutely not true. Thats like saying you can rob a bank and not be punished because your in Wood Sec. OTC stocks are under the rules and regulations of FINRA and being in Custodial ship does not put stock above the law or of the SEC or FINRA regulations. Read about FINRA rules here. https://www.finra.org/rules-guidance/rulebooks/retired-rules/6660
But this stock was not a part of the fake twitter manipulation so there is really no concern for any type of halt or suspension to happen.

Its obvious they wont be putting out anything until they put out the delinquent filings... so all we can do is wait it out. Good Luck Everyone. No sense hashing over the same old crap here from the same old people, so until anything significant happens time to go focus on other investments.