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Re: None

Tuesday, 03/05/2024 8:07:12 PM

Tuesday, March 05, 2024 8:07:12 PM

Post# of 135092
From Renee, an honest, astute, credible, and accurate on iHub.

re HESG, the SEC did their job in prosecuting the perpetrators and establishing Rule 15c2-11 where no quotations are allowed on the stock.

Because HESG is not an SEC registered company there is nothing more the SEC can, there is no registration to revoke.

Even when the SEC revokes an SEC registered company's stock registration it is FINRA that deletes the symbol, not the SEC.

With alterernate reporting stocks to OTC Markets, like HESG, FINRA will delete the symbol only when there is no trading activity, ie., no trades for whatever time FINRA deems is ample to delete the symbol.....usually at least 6 months of zero trades. I-HUB's historical information shows there are still trades occurring so FINRA cannot delete the symbol under 'inactive security' when there is trading activity.

FINRA can decide to suspend the company's CUSIP which would immediately delete the symbol, but I surmise the SEC litigation of 2021 is still ongoing, so FINRA may be holding off suspending HESG's CUSIP and consequently deleting the symbol until all SEC litigations are completed.

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In the meantime, HESG is extremely toxic with all of the SEC litigations so no-one can ever take over the company and distance the stock from the SEC litigations. HESG will remain in OTC purgatory with no quotations or market forevermore, and one day FINRA will finally delete the symbol.