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Re: Computerbux post# 66064

Friday, 05/25/2012 12:14:25 PM

Friday, May 25, 2012 12:14:25 PM

Post# of 68391

Hopefully this can be cleared up with adequate filings in the next 10 days...

As you have seen with Ken Ash's other stock suspened a year ago, that can't happen. IDCN no longer qualifies for market quotatios under Rule 15c2-11 of the Exchange Act. After four trading days of no quotations, IDCN will be moved to the grey market. The Caveat Emptor warning based on the suspension will also remain.

In order to resume being quoted, the extensive process of having a market maker file FINRA Form 211 to vouch for IDCN's financial status, operations, executives, etc. would need to occur. However, because IDCN is a shell with no operations, no assets and no income, that is EXTREMELY unlikely to ever happen and almost never happens even with suspended companies that have assets and operations.

It's unfortunate that Ken Ash did not make filing an Initial Disclosure Statement, financial statements and an attorney letter with OTC Markets his first priority after becoming the Custodian. He knows that dark shells are a specific target as they are often used to perpetuate fraud. The SEC recently suspended 379 dormant shells to prevent them from being taken over by fraudsters.

IDCN has never filed any financial or disclosure statements in its entire history: http://www.otcmarkets.com/stock/IDCN/financials It should have been suspended long ago when press releases were flying and there was no public financial or disclosure information.

Just having mysterious volume alone on dark company can trigger a review by the SEC or FINRA as can promotion of such stocks. It appears that Ken Ash learned nothing from his experience of having ANWM/PIPI suspended.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y