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Re: bly03 post# 3054

Tuesday, 03/22/2011 12:16:41 AM

Tuesday, March 22, 2011 12:16:41 AM

Post# of 6560
CPOW was moved from the OTC to the pinks for "failure to comply with rule Rule 15c2-11" which resulted in the delisting of 622 companies. This is through no fault of their own, something to do with not having a registered MM and in no way implies that anything has changed with the company itself. This article explains it much better than I can.

http://blog.redchip.com/index.php/stocks/otcbb-delistings-and-rule-15c2-11-what-happened


As for the filing deadline, the extension grants 5 calendar days from the original deadline, not from when the extension is filed. The original deadline was Mar. 15th (45 days after EOQ) So even though the extension was filed on the 17th the 10-Q should be filed tomorrow morning at the latest (should have been filed by EOD today but they could have filed it tonight after SEC hours and it'll show up tomorrow morning). Of course that's assuming they plan on filing on time.
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