QualTek Services Inc (fka QTEKQ)

[Cassandra]

No one should be buying QTEK stock. Not only is it an illiquid grey market/caveat emptor stock, but it is facing an SEC hearing regarding a longer suspension of up to one year or complete revocation according to the Administrative Proceeding that has been initiated: http://www.sec.gov/litigation/admin/2012/34-67051.pdf

QTEK was given 10 days from the date of "service" of the Order to file an answer. There will also be a public hearing to address evidence as to the allegations in section III. If QTEK does not file an answer or fails to show at the hearing it will lose by default. An Administrative Law Judge has 120 days to issue a decision regarding revocation or additional suspension.

QTEK has not filed periodic reports for 5 years and appears to be an abandoned shell of a defunct company. It is very likely the stock will be revoked within the 4-5 months or less under Section 12(j) of the Exchange Act IMO. Revoked stock cannot ever be traded again.

There is zero potential for this shell to be used for a reverse merger. Buying more QTEK now is just throwing good money after bad money.

More information:

The SEC may revoke the registration of stocks. In some circumstances, the SEC may revoke the registration of a defunct company's stock pursuant to Section 12(j) of the Exchange Act. Under Section 12(j), the SEC is authorized to revoke the registration of a security if it fails to comply with the federal securities laws. No broker-dealer may execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).

http://www.sec.gov/answers/dfnctco.htm