Wednesday, May 30, 2007 2:26:26 PM
Without share registration, no brokerage can trade in the stock. You're done. Effectively, your shares have been canceled. I'm not saying anything like that can or will happen with USSE but the SEC does have all but criminal/police power over all public shares in the US, red, white blue and pink.
Companies particularly exposed are pink sheet listed that put out material PR's with no filings to back them up. The SEC looks at the actual business of the company to see if events warrant the PR's.
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