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lucky, mydog

09/27/18 9:19 AM

#55183 RE: Gmc2020 #55181

the second violation could result in suspension for a year.

again, by regulation, the sec can only suspend for ten days.

Cancellation of shares is not an option

there is no such thing as cancellation of shares. the registration is going to be revoked and the ticker symbol will become invalid. there will be no public market for those shares.