Replies to post #100262 on Solaris Power Cells Inc (fka SPCL)

[TimeMoney]

The logic behind the SECs action is to provoke SPCL Corperate into communicating financials, nothing more nothing less. If the the SEC can not provoke Corperate into divulging information, then the hammer comes down, Revocation. From some posts back there is a 1 in ten shot of being delisted. The shares we own switch from Public to Private. The shares we own in the now Private Company will still have value, but the Liquidity falls to near zero. If you had 1,000,000 bars of gold, & no one to trade/buy them they become valueless, despite 1 Million bars of gold. That is unless the Company will buy them back from you. If they decide to go Public again the shareholders with the 1,000,000 bars of gold will be able to trade again, most likely under a different ticker. Liquidity would be back and you can choose to sell your bars of gold at a discount or over priced. The Gold Bar holders choice. This process could take weeks or decades.

[flaflyersfan]

watchful_eye_33, nope. SEC wants to see all delinquent filings filed; nothing else. EOM

[Trader959]

As far as approaching the SEC.....YES corporate can. They could submit filings today if they wanted. Can they take action to approach the SEC to remove the stay or resolve the matter. No.

Like Time said..... it's basically all about whatever happens after the 23rd.

Even if corporate decided to voluntarily deregister the SPCL ticker they need to file a Form 25 and issue notification and file an 8k listing the reasons for going private, going dark, etc..... would they if they decided to go private? Who knows. But if they ever want to try to IPO or seek relisting they better okay it straight. It would be hard to convince an MM to take it on again.....

This thing could float around on the grey for years....lol..... literally..... nobody will know what is gonna happen for sure until we get some sort of news or other announcement.

If memory serves me correctly prior to 9/15 SPCL was reporting over a million bucks in losses.......so yes corporate is on the hook for all filings since 9/15.

There's all kinds of things corporate could do to deal with parts of this.....(options) as some suggest. Fact is it's not as cut and dry as others suggest.

It's all about wait and see but before July is over we should at least have the next bit of information even if it is just a scheduled date.......

GLTA. $SPCL