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EarnestDD

09/09/14 11:57 AM

#163765 RE: BeamMeUpScotty #163764

The SEC will sue this Fraud for Securities fraud and other violations.
And it will be delisted.

jmo

Cassandra

09/10/14 9:22 AM

#163766 RE: BeamMeUpScotty #163764

SRGE filed a Form 15 to deregister its stock in April 2011. Like many OTC stocks that have been suspended by the SEC, there is no registration to revoke. Unless FINRA eventually deletes the symbol, SRGE will be a perpetual grey market stock.

http://www.otcmarkets.com/stock/SRGE/filings

The vast majority of formerly suspended OTC non-reporting stocks simply remain grey market issues in perpetuity. For example, look at CKYS where the CEO is in prison for criminal fraud and the IR firm, Big Apple Consulting, was found guilty of fraud in civil court, yet the ticker remains on the GM.