Replies to post #33891 on New Colombia Resources Inc fka NEWC

[1manband]

Sorry, but this case is the definition of "black and white".

NEWC has a legal obligation to file forms 10-Q and 10-K with the SEC. NEWC did NOT file the legally required documents. That makes them guilty. Period. No exceptions.

There is no defense for this - they did not do what they were legally required to do. That led to the suspension and the coming revocation.

No one is to blame for this failure but NEWC's management. Period. The SEC did their job - Campo did not.

[MoreThan4Hours]

Campos has been around and knows the process, he used to be a broker in fact. Being a Colombian business or how business is done in Colombia has no bearing here.

Campos is no victim, but he will play that card going forward to avoid taking responsibility for this.

Anyone holding into the suspension isn't a victim either. The overwhelming amount of evidence to suggest this was coming was obvious and cited many times over.

IMO, The SEC should have shut down campos and this bs a long time before this though. It went on too long.

GLTY

[janice shell]

I hope the new sec unit looks at both sides of the problem.

The new cyber unit has less than nothing to do with delinquent filers. That is what NEWC is. There aren't "two sides" to this suspension story.