Replies to post #30385 on Petron Energy II Inc (fka PEII)

[GeekTrader30]

Thank you for clarifying

[gh0st]

nice, you should report them to the federal authorities like many already have

[OTC-Trader]

I would respectfully disagree that a company has to be REVOKED before it can be reinstated.

1: I never had any position or bought or sold this symbol.

2. There is no such thing as revocation when it comes to complying with Secretary of State's requirement.

3. A company goes in "Not in Good standing" if it does not file it annual report and pay the fees and after some time (generally a few months depending upon the state), if it still does not file annual returns and pay fees it is involuntarily liquidated.

4. Involuntary liquidation is not a bid deal at all. All that a company has to do is file the annual reports any pay a bit more to cover fees, fines and reinstatement fees.

I am a newbie to OTC but have good experience in incorporation in almost all the states in USA.