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Re: None

Tuesday, 06/01/2010 3:27:44 PM

Tuesday, June 01, 2010 3:27:44 PM

Post# of 2661
TB: If Bruce doesn't start filing 10K form soon then SEC can remove the registration. See Below

In SEC vs Beisinger Indus. Corp., 552 F.2d 15, 18 (1st Cir. 1977) (Quoting legeislative history); accord e-Smart Techs, Inc, 57 S.E.C. 964, 968-69 (2004). The 'commission' has warned that "many" publicly traded companies that fail to file on a timely basis are "shell companies" and, as such attractive vehicles for freaudulent stock manipulation schemes." e-smart., Inc. 57 S.E.C. at 968-69n.14.

I got my info while looking at a Telecommunication Company (GLBT).
SEC Quoted the above and removed all of GLBT Registrations (They had 8 seperate entities involved and all were removed).

If you do speak to Bruce, then tell him about this! Maybe he'll file.