A pink doesn't have to report with the SEC but they did from 2007 to 2012
EXACTLY! It costs money to provide reliable and verifiable investor information! Don't want to spend money? You are guaranteed NO reliable info! Pinks can choose to maintain registration with the SEC, but then they become subject to far more regulator scrutiny! Scammers don't like regulator scrutiny! By de-registering with the SEC, most all of the "investor protections" go away! THE INVESTORS BE DAMNED! AS POSTED, SPRV DE-REGISTERED WITH THE SEC AND HAS PROVIDED NO SEC FILINGS FOR OVER SIX YEARS! INVESTORS KNOW VIRTUALLY NOTHING ABOUT SPRV!
Supurva Group, the umbrella holding company, files NO SEC FORM 10-Q's, NO AUDITED SEC FORM 10-K's, NO SEC FORM 3's or 4's TO REPORT INSIDER STOCK TRANSACTIONS, NO SEC FORM 8-K's TO REPORT MATERIAL EVENTS OR CHANGES IN DIRECTORS/MANAGEMENT, and so on and so on! The shareholders are basically sitting by, waiting to be pummeled by Company actions that they have absolutely no clue about!
What's more, the investors have absolutely NO CLUE about the realities of the Web to Door and/or On Courier acquisitions! What are the detailed acquisition terms and conditions? Better yet...what did it specifically cost the SPRV shareholders!NOBODY KNOWS! A "real" SEC-registered company would have already reported the acquisition details and would have disclosed the acquired private company's financial position!
OOPS! BUT NOT WHEN SPRV CEO BOBO "THE CLOWN" LINTON IS INVOLVED!
It does NOT matter if a company is "PINK", "PURPLE", "BLACK", or "BLUE", if it IS registered with the SEC it MUST FILE THE REQUIRED SEC REPORTS! If the public corporation is constantly in significant arrears with its SEC financial filings, this company, "PINK" or otherwise, is in danger of being de-listed! When a company is de-listed by the SEC, its shares can no longer be traded! The shareholders of GDTK, one of SPRV CEO Bobo "THE CLOWN" Linton's former companies, found out the hard way! Bobo ignored the written SEC warnings and, poof, the shareholders became the epitome of bag holders! Their GDTK stock holdings were instantly worth nothing! The stock was de-listed and the shares could not be sold!
BTW...contrary to errant the claim (see the quote above), GDTK WAS A "PINKY" and WAS REQUIRED to file with the SEC! There wasn't the "implied" choice to do it or not do it!
If a company, whether "PINK", "PURPLE", "BLACK", or "BLUE", is NOT REGISTERED with the SEC, IT CANNOT EVEN FILE SEC REPORTS!
PERIOD! IT IS BLACK & WHITE! THERE IS IN FACTNO OPTION LIKE "...DOESN'T HAVE TO..." ABOUT IT!