Here fructose....
Posted by: mastaflash Date: Saturday, September 12, 2009 1:18:20 PM
In reply to: daveXV19 who wrote msg# 123016 Post # of 123127
Agree in principle, however, I have two points:
1. The costs of attaining and maintaining reporting status is beyond the abilities of most startup companies ( typical cost $1.2M-$2.5M annual).
I followed that up with an example and a question as to how pinks and bb's can afford to remain compliant?? My example was WES Consulting.
is that no one...not Burns, not DTC, not SEC...can legally or morally, prevent BCIT from trading on the basis of being a non-filer.
It's written in the trade halt releases. Part of the reason BCIT must file is to show that Megas is not in fact the one behind the share issues. Fully audited financials, up-to-date expense listing and share issuance information. With updated filings, a Market Maker can come in and represent an updated 15c-211.
Follow the rules......and then ask for the rules to be enforced. Pretty simple.
