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techtrade

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techtrade

Re: 55 chevy post# 1243

Saturday, 04/02/2011 10:54:11 AM

Saturday, April 02, 2011 10:54:11 AM

Post# of 2096
That doesn't seem like a cause for the SEC to launch an investigation. On both counts the company filed the required extension request (NT-10Q/K)

The info provided in the SEC filing is pretty vague as to the reasons, I think it may have something to do with the dilution & warrants, but that's just a guess. I think there is a rule about how much a company can dilute at any given time but I'm not sure about the OTC. I know the major exchanges have restrictions covering that.
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