Home > Boards > US OTC > Delisted > Quintek Technologies (fka QTEK)

Excerpts from the ADMIN Proceeding: (red hilites mine)

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Renee Member Profile
Member Level 
Followed By 1,324
Posts 30,140
Boards Moderated 7
Alias Born 07/12/04
160x600 placeholder
Top Company News of the Day
Those expected to lose their jobs complete consumers' orders at stores and hand them over to others for delivery. The company is focusing on having workers both fulfill and deliver orders.
Intel Caps Off Difficult Year With Record Sales -- 6th Update
Intel Caps Off Difficult Year With Record Sales -- 5th Update
Intel to Stay Mostly Inside -- Heard on the Street
Fed Says All 12 Regional Bank Presidents Renominated to New Five-Year Terms
UK Consumer Confidence Wanes in January Amid Tightened Covid-19 Restrictions
Chemicals and Agricultural/Food Products Up, Coal Down in 4Q -- Commodity Comment
IBM Pledges to Return to Growth in 2021 -- Update
Ford, GM Stocks Rally on Electric-Vehicle Enthusiasm -- 2nd Update
Federal Judge Denies Parler's Bid to Force Amazon to Resume Service -- 2nd Update
Intel Caps Off Difficult Year With Record Sales -- 4th Update
Federal Judge Denies Parler's Bid to Force Amazon to Resume Service -- Update
Top Stories of the Day
Nasdaq Sets Record As Big Tech Stocks Outperform
Coca-Cola Amatil's Fiscal Year Earnings Fall 14% Amid Pandemic
IBM Pledges to Return to Growth in 2021 After Another Sales Drop
Intel Caps Off Difficult Year With Record Sales -- 3rd Update
JBS USA, Pilgrim's to Give $100 Bonus to U.S. Workers Who Receive Covid-19 Vaccine
Facebook Refers Trump Account Suspension to Oversight Board -- 2nd Update
Fed Says All 12 Regional Bank President Renominated to New Five-Year Terms
Federal Judge Denies Parler's Bid to Force Amazon to Resume Service
Intel Caps Off Difficult Year With Record Sales -- 2nd Update
Intuitive Surgical Posts Higher 4Q Profit, Sales
Renee Member Level  Thursday, 05/24/12 11:14:32 AM
Re: Renee post# 1906
Post # of 2058 
Excerpts from the ADMIN Proceeding: (red hilites mine)

I have added a link to the SEC Administrative Law Judge (A.L.J.) for readers to peruse. Note that the SEC A.L.J. has revoked over 540 registrations in the past 2 years on DEFAULT reasons, where a Suspended company did not immediately file delinquent Financials as Ordered. Most revocations occured within one month of the SEC Suspension.

Administrative Law Judge link:

http://www.sec.gov/alj/aljorders.shtml

QTEK: SEC Admin Proceeding:

http://www.sec.gov/litigation/admin/2012/34-67051.pdf

Quintek Technologies, Inc. (CIK No. 1107714) is a suspended California corporation located in Huntington Beach, California with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Quintek Technologies is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-QSB for the period ended September 30, 2007. On August 6, 2003, a permanent injunction was entered against Quintek Technologies, enjoining the company from violations of the Exchange Act, including Section 13(a).

B. DELINQUENT PERIODIC FILINGS

7. As discussed 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.

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 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)].
------------------------------------------------------------------

Excerpt from the SEC Suspension that clearly shows that QTEK will trade on the Grey Sheets after the ten day Suspension, with no Market Maker representation:

Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspensions, no quotation may be entered relating to the securities of the subject companies...

http://www.sec.gov/litigation/suspensions/2012/34-67050.pdf

To bite the worm of incite is to bite the HOOK of the antagonist . They win .
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences