Replies to post #327792 on NanoTech Entertainment Inc (NTEK)

[shajandr]

the SEC can't revoke a unregistered stock

Ummm ... I said SUSPENSION nott revocation. The SEC SUSPENDS trading in non-reporting Pinkies all the time - see SKTO/AEGY, CRGP, CYNK, and thousands of others.

The SEC suspends when there is clear evidence that the public disclosures of a non-SEC reporting company are misleading and the marketplace lacks adequate information and is exposed to clearly false information from the company. That's why the SEC suspended SKTO shortly after its genera counsel gave clearly false information in a shareholder telecon. The SEC suspended that within a week or two of that telecon.

Revocation takes years usually - and tickers are long dead by the time they are revoked by the SEC. Those zombie tickers float around for years and years sometimes.

In the case of SPNG, I believe the first thing that happened was the arrests of the CEO and CFO at 2-7AM one morning, IIRC. Then the stock was suspended for 10 days and reopened as a grey. Same with FNRG (another BIG Bennie scam).