I'm hoping someone down at the office is paying attention to this kind of actions since MGQG has not filed anything since 2007.
On the basis of this Order and Respondent’s Offer, the Commission finds that1: 1. CETH (CIK No. 23778) is a defaulted Nevada corporation located in Las Vegas, Nevada with a class of securities registered with the Commission under Exchange Act Section 12. As of May 11, 2012, the common stock of CETH (symbol CETH) was quoted on OTC Link, had eleven market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3). The Respondent filed a Chapter 7 bankruptcy proceeding on December 21, 2007. 2. CETH has failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder because it has not filed any periodic reports with the Commission since the period ended June 30, 2007.
Five more companies joined the 155 that the SEC did this too recently. And many were active just as MGQG is.
Management better start thinking of getting current on all those fins ( like investors were told over and over they were going to do), or else they might just get reported by some disgruntled shareholder that has taken a bath over the last year.
Losing money has a way of making certain people angry and it takes nothing to point the SEC in a certain direction if they are not looking.
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