Rockhard, China Kangtai had not filed any Financials since September 2011, nearly 3 years. It is imperative for ALL shareholders of any OTC stock to first research if the company is an SEC Filer that is delinquent in filing Financials. No other due diligence is as important as that one single issue. It is reasonable to think that China Kangtai fleeced investors and thereafter had no intention of meeting ANY of their filing obligations. Pursuing a lawsuit against the company would cost an enormous amount of money with an infinitesimally low chance of recovery....they would just hide the money or go BK...or simply disappear.
I urge every shareholder to learn from this revocation and to become smart and skeptical of EVERY delinquent SEC Filer.
Excerpt from the Admin Proceeding:
China Kangtai Cactus Bio-Tech, Inc. (CIK No. 1017699) is a revoked Nevada corporation located in Harbin, China with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). China Kangtai Cactus Bio-Tech, Inc. 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 September 30, 2011.
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