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Re: sevenOdouble post# 69311

Friday, 10/05/2012 8:49:09 AM

Friday, October 05, 2012 8:49:09 AM

Post# of 97615
When the SEC suspends a stock ONLY for failure to file Financials there is an accompanying SEC Admin Proceeding ordering the company to immediately file all delinquent Financials.

When the SEC suspends with "questions" (ie., GTGP) without an accompanying Admin Proceeding it means the SEC believes that other infractions have been committed by the suspended company superceding delinquent Financials.

Most SEC Suspensions are for failure to file Financials wherein the accompanying SEC Admin Proceeding forewarns of revoking the delinquent company's registration on DEFAULT reasons if the delinquent company does not quickly file all delinquent Financials.

GTGP's suspension was more severe than ONLY failure to file Financials.

The following link will clearly show the differentiation between SEC Suspensions for ONLY failure to file Financials versus SEC Suspensions for "questions". Look for suspended stocks that have accompanying Admin Proceedings and the Admin Law Judge outcomes versus Suspensions that have "questions" without an accompanying Admin Proceeding and remain on the Grey Sheets until the SEC begins Litigation.

http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/


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