Replies to post #2148 on Power Sports Factory (fka PSPF)

[Renee]

Had Power Sports Factory appeared at the Admin Law Judge's Hearing and had the company co-operatively agreed to the revocation of the company's stock registration the process is to file a FORM 10 to apply for a new stock registration. Only two companies out of 1361 that had their stock registrations revoked were successful at regaining a new stock registration.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114783035

Power Sports Factory chose to not appear at the Admin Law Judge Hearing and the Admin Law Judge revoked the company's stock registration by DEFAULT.
As such the SEC would not likely ever approve a Form 10 even if the company submitted one.

http://www.sec.gov/litigation/admin/2013/34-69705.pdf

[Brad S]

...we know Bank of America owns 5% so some day they will want to cash out.

Actually, we don't. Since BAC has to report all the holding of their clients, it could simply be one of their clients who has the shares and not BAC themselves.