I don't understand why these people think a 211 will be filed -- when the filings are past due?
Posted by: Pedro2004 Date: Wednesday, November 18, 2009
Why are you wasting your time, calling, to see if a 211 is filed?
The first thing that has to get filed is the SEC reports.
Then -- after the SEC filings are updated and complete -- a form 211 can be filed.
There is no requirement that the 10K and 10Q audits be "filed" prior to filing a 211. All that is required is the accountant's signature on the forms to be submitted with form 211. It would make more sense to secure a liquid market before filing the 10K and 10Q. I'm not saying that's what SPNG will do, since they seem to get a lot wrong. But, you could see OTC trading on the same day the 10K and 10Q are filed if the from 211 was filed 3 days earlier. And I doubt FIRNA would tell you on the phone whether or not a 211 filing has been made on any company as they'd be screening those calls all day.
