Wednesday, January 18, 2012 8:03:47 PM
I did speak to the SEC and Finra yesterday--in general terms 
...
I questioned the SEC on what exactly needs to be done to bring a company back into compliance...in a nutshell, they must file every Q and K that are delinquent---she also stated that hopefully the co. was in contact with the SEC where they would be guided in exactly what needed to be done...hope this is happening and we aren't flying blind...
FINRA was a bit more frustrating...this is where we have to enlist a MM to sponsor us i.e. file that pesky 15c-211 form...I tried to get what exactly was needed-but she wouldn't go beyond that every company's situation is different and wouldn't comment further without knowing specifics---she did make the process sound like torture...
a company statement would be nice here as well...
... I questioned the SEC on what exactly needs to be done to bring a company back into compliance...in a nutshell, they must file every Q and K that are delinquent---she also stated that hopefully the co. was in contact with the SEC where they would be guided in exactly what needed to be done...hope this is happening and we aren't flying blind...
FINRA was a bit more frustrating...this is where we have to enlist a MM to sponsor us i.e. file that pesky 15c-211 form...I tried to get what exactly was needed-but she wouldn't go beyond that every company's situation is different and wouldn't comment further without knowing specifics---she did make the process sound like torture...
a company statement would be nice here as well...
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