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Re: eom7 post# 587

Friday, 04/09/2010 4:07:48 PM

Friday, April 09, 2010 4:07:48 PM

Post# of 602
The company agreed to the revocation. Sure companies can fight it, most don't. I only know of one that actually did, CMKX, but then they gave it up.

In order to get a stock revoked the SEC presents their case before an Administrative Law Judge. The company can present their case as well if they wish.

One it's revoked, it's pretty much toast although they could start all over again, but what's the point, generally revoked companies have nothing to begin with.

Easier for those running them to just get another shell and run another pump and dump or scam or whatever they're into.
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