Home > Boards > US OTC > Delisted > Ness Energy (fka NESS)

Yowatups : NESS has been formally ordered to

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Renee Member Profile
Member Level 
Followed By 1,396
Posts 31,649
Boards Moderated 7
Alias Born 07/12/04
160x600 placeholder
Adobe's 4Q Guidance Ahead of Wall Street Consensus
Adobe Inc. gave better-than-expected financial guidance for the current quarter, pointing to strong momentum.
Adobe's 3Q Profit, Revenue Beat Wall Street Targets
Blizzard Entertainment Executive to Leave Company, Bloomberg Reports
Wheat Falls as Fund Traders Pull Back - Daily Grain Highlights
Top Company News of the Day
Front Month Nymex Natural Gas Fell 3.61% to Settle at $4.8050 -- Data Talk
Front Month Nymex RBOB Gasoline Fell 0.47% to Settle at $2.1052 -- Data Talk
Eli Lilly in Procurement Deal With EC to Supply Covid-19 Treatment
Nektar Therapeutics Shares Rise 5% on Deal With Pfizer, Merck KGaA
Handelsbanken Proposes to Return $1 Billion to Shareholders
Entergy Corp. Prepares Responses to City Council for Entergy New Orleans
STOXX Europe 600 Index Ends 1.01% Higher at 458.68 -- Data Talk
EURO STOXX 50 Index Ends 1.33% Higher at 4097.51 -- Data Talk
STOXX Europe 50 Index Ends 1.15% Higher at 3513.42 -- Data Talk
CAC 40 Index Ends 1.50% Higher at 6552.73 -- Data Talk
DAX Ends 1.43% Higher at 15348.53 -- Data Talk
FTSE 100 Index Ends 1.12% Higher at 6980.98 -- Data Talk
U.S. Ethanol Production and Stocks Estimates for Sept 17
Goldman Sachs Down Six Consecutive Days, on Pace for Longest Losing Streak Since February 2020 -- Data Talk
FTSE 100 Roars Back on Tuesday, Driven by M&A Prospects
U.S. Crude-Oil Inventories Likely to Fall in DOE Data, Analysts Say
Activision Blizzard Worst Performer in Nasdaq 100 So Far Today, on Pace for Lowest Close Since June 2020 -- Data Talk
Uber Up Over 8%, on Pace for Largest Percent Increase Since November 2020 -- Data Talk
VC Daily: Debut Fundraising Success Rate
Uber Shares Rise on Brightened Profitability Outlook
Verrica Pharmaceuticals Shares Drop 17% After FDA Complete Response Letter
JPMorgan Chase Buys College Financial Planning Platform Frank
Existing Home Sales and New Home Sales on Tap -- Data Week Ahead
Airbus Unveals Next Generation of CityAirbus
Renee Member Level  Tuesday, 06/07/11 04:43:17 PM
Re: yowatups post# 212
Post # of 229 
Yowatups : NESS has been formally ordered to file all delinquent Financials. Should the company fail to do so and quickly then the SEC will revoke this stock. With NESS having a closed Chapter 7 Bankruptcy in 2009 it is not likely the company even exists anymore, let alone file 5 years worth of Financials.

It would be prudent to get out of your position if possible because revocation is liklely imminent.

From the SEC Admin Proceeding :

Ness Energy International, Inc. (“NESS”) (CIK No. 353634) is an inactive Washington corporation located in Edmond, Oklahoma with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). NESS is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-KSB for the period ended December 31, 2006, which reported a net loss of $5,244,000 for the prior year. On December 5, 2008, NESS filed a Chapter 7 petition in the U.S. Bankruptcy Court for the Northern District of Texas, which was closed on February 25, 2009. As of May 6, 2011, the common stock of NESS was quoted on OTC Link, had nine market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).


As described in more detail above, all of the Respondents are delinquent in their periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters.

Exchange Act Section 13(a) and the rules promulgated thereunder require issuers of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports, even if the registration
is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports, and Rule 13a-13 requires domestic issuers to file quarterly reports

As a result of the foregoing, Respondents failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder.

In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine:

A. Whether the allegations contained in Section II hereof are true and, in connection therewith, to afford the Respondents an opportunity to establish any defenses to such allegations; and,

B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents.

IT IS HEREBY ORDERED that a public hearing for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed, and before an Administrative Law Judge to be designated by further order as provided by Rule 110 of the Commission’s Rules of Practice [17 C.F.R. § 201.110].

IT IS HEREBY FURTHER ORDERED that Respondents shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission’s Rules of Practice [17 C.F.R. § 201.220(b)].
If Respondents fail to file the directed Answers, or fail to appear at a hearing after being duly notified, the Respondents, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents, may be deemed in default and the proceedings may be determined against it upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f), and 310 of the Commission’s Rules of Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f), and 201.310].

This Order shall be served forthwith upon Respondents personally or by certified, registered, or Express Mail, or by other means permitted by the Commission Rules of Practice.
IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an initial decision no later than 120 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission’s Rules of Practice [17 C.F.R. § 201.360(a)(2)].

In the absence of an appropriate waiver, no officer or employee of the Commission engaged in the performance of investigative or prosecuting functions in this or any factually related proceeding will be permitted to participate or advise in the decision of this matter, except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule making” within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action.

By the Commission.
Elizabeth M. Murphy Secretary

To bite the worm of incite is to bite the HOOK of the antagonist . They win .
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences