Replies to post #32513 on New Colombia Resources Inc fka NEWC

[clb5412]

If you research the actual companies delisted it's appears there is way more to it than late fins. I didn't research every delisted company but the ones I did had several issues going on. Most likely they were truly scams as I couldn't find legitimate info about them. The SEC's job is to protect the investor. I feel like they take more in concern than "ok you're late you're revoked/suspended. If Campo has been in contact with them at least they know he has been trying despite auditors quitting, slow auditors, etc. I just find it hard to believe that suspending a stock due to late fins when these companies have little money and and few executives (unlike larger corporations to keep in compliance) is helping a shareholder . I do realize none of us know what will happen or the SEC's " rule of thumb".

[Vesig]

So do you think that since Campo is keeping in touch with SEC, it's saving newc from the chopping block?

[chemist72]

SEC needs evidence/proof of SEC violations before any action can be taken.

In this case, the story is so convoluted (imo) it might take longer than usual for action to be taken.