Polar Petroleum Corp. (POLR)

[DragonBear]

You think POLR going to lay down and cry????

Yes. If the lawyers tell their clients or management to cry in an attempt to reduce subsequent SEC fines, then they will likely produce tears.

I say up we need to be updated and filings but it depends on what they do...

Either they continue their SEC filings, or the SEC will get around to delisting the stock. It's a catch-22 situation of sorts. If material in previous filings was incorrect, then correcting it, means they are placing their necks in the SEC noose. If they don't correct it, then they are giving the SEC more material to hang them with. Most of these companies seem to go for the 3rd option - submit one more 10Q, and then go dark.

If they do continue to submit filings, you get to know when the SEC issues a formal notice of investigation, and related subpoenas. That has to be communicated in a 10Q. They do not have to state the specific reasons for the suspension - that's voluntary, and never volunteered.