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Re: knack post# 111718

Thursday, 10/14/2010 10:58:45 AM

Thursday, October 14, 2010 10:58:45 AM

Post# of 127409
You have to go back to my original post to see what I was talking about

Dragon
Deregistration under Section 12(g) and Suspension of Reporting Obligations under Section 15(d)
Once delisted, a company may nonetheless be required to continue reporting pursuant to Section 12(g) of the Exchange Act if it has more than 500 holders of record and total assets exceeding $10 million, or pursuant to Section 15(d) of the Exchange Act if it at any time had an effective Registration Statement under the Securities Act of 1933.

Note that Section 15(d) obligations can never be terminated in this manner, they can only be suspended. After “going dark,” an issuer’s reporting obligations can be reinstated if the issuer exceeds the limit on the number of record holders on the first day of any fiscal year after it files a Form 15.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43477321


Dragon
They must have less than 500 shareholders on record as of Jan 1st. If they don't, then the suspension of duty to file is lifted and they are required to start reporting.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43481847


subtlerise
500 shareholders of record would be a huge amount and I doubt they have any where near that imo
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43482448


Dragon
I realize that. Every cert holder and anyone that has shares in their own name would be counted separately. Also the doubling AS must've created more.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43482812