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Post# of 159752
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matrix

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matrix

Re: bobbybdb post# 80927

Wednesday, 05/30/2007 12:53:24 PM

Wednesday, May 30, 2007 12:53:24 PM

Post# of 159752
I would think if he doesen't file it soon he will lose the 15c-2-11 / Legacy status. I can't figure why he would want to do that.

It doesn't have an impact on that. Not filing required reports impacts listing and registration. The former is not a problem because BCIT currently sits in the grey market and is not listed on the OTCBB or an exchange. The latter isn't a problem either since the feds don't move for revocation of registration until a company has been delinquent for a year or more.

One danger though is the stock may spend an extra year on the pinks under the three-strike rule if trading ever resumes.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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