Replies to post #99664 on Solaris Power Cells Inc (fka SPCL)

[lucky, mydog]

Looks like SPCL is going to accept SEC sanctions with out a fight.

that's bad news for shareholders.
here is the process and there are three options, only one of which leaves shareholders with any hope. the pre conference hearing is used to determine which of the three paths the company wants to follow.

option one is to not respond. in that case the company would be revoked.

option two is to contest revocation. in that case revocation takes longer because of the due process chain of events, but revoked it will be.

option three is to voluntarily accept the sec's and alj's recommendation of revocation. this is the scenario that would leave shareholders with some hope because it leaves the door open to file a form 10 at some point in the future once they get their finances in order and become a public company again. however, this option can not be used if they don't respond.