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bar1080

01/24/15 11:39 AM

#83625 RE: loanranger #83615

Tons of still trading shells and such garbage are revoked at the state level for nonpayment of SOS fees. Funny how many of those stocks claim to have great plans for the future yet they can't come up with a few hundred dollars to get current back home.

Another red flag, of course.

janice shell

01/24/15 2:24 PM

#83655 RE: loanranger #83615

Is a company required to maintain their registration in their home state in order to continue trading?

Supposedly. Often when the SEC revokes registration for delinquent filings, it notes that the company's corporate status has been revoked. But evidently they don't go out looking for these offenders.

Once many years ago I was interested in a Utah company that had ties to the Dominion of Melchizedek. This was back around 2000-2001. I knew someone who worked for FINRA in Atlanta. I told him about it, and he gave me the name of an SEC guy in Salt Lake. I wrote to him, and he called me. I could tell he didn't understand a thing about the DoM, and probably didn't believe me. But when I finally said the company's Utah incorporation had been revoked, he perked up. THAT he could get a handle on.