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