Enercorp Inc (fka ENCP)

[Renee]

Mr. Bill, Enercorp is an SEC Filer that hasn't filed Financials since 2009. Shouldn't a teensy bit of the responsibility for the SEC Suspension belong to Enercorp?

The SEC is terribly derelict in not suspending every delinquent SEC Filer after 2 quarters of delinquent Financials. Even though ENCP was demoted to the OTC they were still an SEC Filer that hid among the thousands of non-SEC reporting OTC's.

First, the SEC should abolish the OTC where non-SEC reporting companies can go years without filing any Financials to OTC Markets, or when they do file they can file absolute hogwash.

Second, when an SEC Filer on the OTCBB does not file they should not be demoted to the OTC (which should be abolished) where they hide among all of the non SEC reporting stocks. A delinquent SEC Filer should either be suspended after 2 quarters of delinquent Financials and / or dispatched to the Grey Sheets with or without an SEC Suspension. Grey Sheets should be automatic for non filing after 2 quarters, IMO.

Indeed the SEC is derelict but a company that doesn't file Fins for 4 years is 100 percent responsibe for the suspension.

EXCERPT from the Admin Proceeding:

Enercorp, Inc. (“ENCP”) 1 (CIK No. 313116) is a Colorado corporation located in Auburn Hills, Michigan with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). ENCP is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended March 31, 2009, which reported a net decrease in net assets of $115,413 for the prior nine months. As of April 22, 2013, the common stock of ENCP was quoted on OTC Link, (formerly “Pink Sheets”)