Replies to post #33963 on New Colombia Resources Inc fka NEWC

[lucky, mydog]

It's said the punishment should be blah blah, but NEWC {Campo) isn't being charged for a crime. It's a violation of an SEC rule.

and the punishment for that is revocation.


campo should have the right to remedy the issue.


he does as he spelled out in the 8k.

The SEC should be required to give most consideration to the share holders involved that have assets to lose.

the sec regulates companies.

[1manband]

IMO campo should have the right to remedy the issue.

10 MONTHS isn't long enough?

Campo knew the day he failed to file the first delinquent filing that this would ultimately happen. That is 2 YEARS. But the SEC even reminded him on November 30, 2016 that he had to remedy the issue, but he didn't.

https://www.sec.gov/Archives/edgar/data/772370/000107878217001049/8k080417_8k.htm

"On November 30, 2016 the Company received a letter from the United States Securities and Exchange Commission Office (the “SEC”) of Enforcement Liaison – Division of Corporate Finance which informed the Company that it was not in compliance with its reporting requirements under the Securities and Exchange Act of 1934 (the “Exchange Act”) and that, as a result, the Company may be subject, without notice, to an administrative proceeding to revoke its registration and suspend trading in the Company’s stock. The Company has not filed the required reports as of the date of this report, however it intends to file such reports as soon as possible. Nevertheless there can be no assurance that trading in the Company’s stock will not be suspended by the SEC at any time. Company counsel is in communication with the SEC staff with respect to this issue."

Shareholders should have known this was coming, especially after Campo even WARNED you about it multiple times in public filings.

The SEC is just doing their jobs. Any shareholders caught obviously didn't. They either didn't do their DD or ignored it.