I disagree with your opinion.
The main reason that a company files a Certification and Notice of Termination of Registration Under Section 12(g) of the Securities Exchange Act of 1934 is so that they DO NOT have to provide the SEC and or shareholders with news or legal updates like an 8K or other news.
Thus, it is MUCH LESS LIKELY that they will be providing any news or updates, especially soon. It is in fact the exact opposite of your opinion.
The only upside is that sometimes (although, I highly doubt it in this case) this is a strategy employed by companies to go dark while negotiating a merger or reverse merger with a target.
The 12(g) means they don’t have to provide updates of ongoing negotiations etc. until they become fully reporting and file 8K’s and financials again.
While I am not suggesting you are pumping, statements like: “News should be coming out now imho...GLTA.” Are simply and Logically incorrect in light of the recent filing.
Pumpers always suggest: “News coming soon”, “News coming next week”, “Wait till they release the fins”, “Wait till the bankruptcy is over”, “Wait till the custodianship is complete”, “be patient”, “wait till the court date is over”… all lies.
In this sewer of conmen and charlatans (the pink sheets) its always wait while the pumpers pump and dump.
I am holding many freebies so I hope I am wrong but this is a typical nothing.
If ANYTHING this is a long-term play if they are negotiating something important and during the dark wait this will plumet again to .0005 or below. Again, I hope I am wrong.
Good luck to all those that don’t pump.
