Replies to post #17302 on US Precious Metals (fka USPR)

[gnolfinvestor]

btw, if you don't believe me, contact the transfer agent ...

[Anvil]

1. yes, no new shares can be issued while delinquent.

2. OTC is not an exchange, it is a quotation system. If they do not file, they will be relagated to Pink sheet status. The SEC, after some period of time, will petition for revocation of the registration, but first there will be an administrative hearing to hear why they are delinquent and the plan to catch up asap. The administrative judge makes that determination.

3.By not being in compliance with SEC reporting requirements, they are in default of the terms of their converts, triggering default rates of interest and most likely other monetary penalties.

[russo123]

yea, let's talk facts for a change. the sec absolutely can delist.

any time the sec suspends a pink or otcqb stock for 10 days, it gets delisted from wherever it trades and can only trade on the grey sheets until a bd files a 15c-211, which rarely happens.

and in the case of habitual late 10q filings after a nt 10q, the sec can remove uspr's registration, thereby delisting it.

and uspr trades on the otcmarkets, which ain't an exchange.

just sayin'. that's the actual facts.