HPNN CEO Petey's other company is now REVOKED by the SEC
Petey is listed on filings for SFIV - now he has lost everything, as well as the investors who owned shares. Petey - those loans and court liens against you and the company do not go away, though.
On March 30, 2020, Respondent filed a Form 8-K stating that it would be delayed in filing its annual report for the fiscal year ended December 31, 2019 because of disruptions caused by the Covid-19 pandemic. Respondent asserted that it “expects to file the Annual Report on or before May 14, 2020.” As Respondent has not participated in this proceeding, it has not explained its failure to meet that deadline. Respondent’s failure to adhere to even its own, self-imposed “schedules that [it] has proposed for the fulfillment of delinquent filing obligations” supports our conclusion that revocation is appropriate. See Calais Res., 2012 WL 2499349, at *7(quoting Am. Stellar Energy, 2011 WL 2783483, at *5); see also Gateway, 2006 WL 1506286, at *6 & n.34 (noting, in support of revocation, that respondent had repeatedly “insisted that it intends to return to full compliance, yet its efforts repeatedly fall short”).
We find it necessary and appropriate for the protection of investors to revoke the registration of all classes of Respondent’s registered securities.
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