Replies to post #80245 on DD Support Board and Research Team

[integral]

Well, the purchaser is out $1. The purchaser, could be your next door neighbor, and very well come over for dinner, not in exchange for $1, but for breaking bread with friends.

As far as the stock, if it really is worthless, and one is claiming to the IRS that it is worthless, worthless stocks getting registered and trading again is impossible because the SEC wont reregister a revoked blank shell. It will get denied. Also, the defunct and revoked company has no value to sell or use. So the scenario is impossible. But if some how some way it does, I suppose that is possible.

[janice shell]

Thank you, and with that being said IF and I say IF the SEC reinstated the revoked stock--wouldn't the buyer be standing in the tall grass?

The SEC doesn't just "reinstate" revoked companies out of the goodness of its heart. The company would have to file a Form 10 and then get FINRA to approve a Form 211.

In the situation you describe, probably much would depend on the circumstances of revocation of registration. If a company has an administrative proceeding brought against it because of delinquency, but protests that it doesn't want to lose its public status forever, the SEC's current policy seems to be to suggest it accept revocation voluntarily, and then, when it's ready, take the steps noted above.

Some companies say they plan to do that, but it just about never happens.