It's gonna be a LOOOONG time, if ever, before anything comes from this stock. But you never know, so I'm holding just to see.
On another note, I got an email this morning from this company's transfer agent.
Looks like my complaint to the SEC was taken seriously. And was the reason for getting the inability to trade issue straightened up.
Here is the content;
Concerning your inquiry and complaint lodged with the Help Desk at the S.E.C. Please be advised that it is our understanding that the Issuer you write about has now completed its corporate action.
Further, all necessary filings have been made with FINRA to allow this company to begin trading on its post split basis.
I would recommend contacting your Broker for assistance in depositing your shares if you so choose to sell these at this time.
If you experience further difficulty with this, please contact me directly and I will recommend a Broker that may be able to assist you with the deposit of your shares.
I would like to clarify one point, that it was the delay of both DTCC and Issuers Counsel (NOT INTERWEST) in failing to timely providing the necessary tradability opinion necessary to complete the corporate action.
Again, please contact me directly for further assistance.
Regards,
Kurtis D. Hughes
Vice President
Interwest Transfer Co, Inc.
When contacting the SEC about penny stock issues, you need to explain CLEARLY what is going on, and they WILL take action if necessary. Maybe some of the corruption in the penny market arena will get flushed out. It's WAY past due.
