if they voluntarily accept revocation they may at some point in the future file a form 10 to register again. that is of course provided they have the 2 years of audited financials. did you see this?
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ADMINISTRATIVE PROCEEDINGS RULINGS
Release No. 6095/September 26, 2018
ADMINISTRATIVE PROCEEDING
File No. 3-18489
In the Matter of
:
SOLARIS POWER CELLS, INC., : ORDER
STRAGENICS, INC., and :
ULTIMATE RACK, INC. :
The Securities and Exchange Commission instituted this proceeding with an Order
Instituting Proceedings (OIP), pursuant to Section 12(j) of the Securities Exchange Act of 1934
on May 16, 2018. The OIP alleges that each Respondent is a corporation with a class of
securities registered with the Commission pursuant to Section 12(g) of the Exchange Act and has
repeatedly failed to file required periodic reports. The Division of Enforcement is seeking to
revoke the registration of Respondents’ securities.
Thereafter, the proceeding was stayed: On June 21, 2018, “n light of the Supreme Court’s
decision in Lucia v. SEC,” 138 S. Ct. 2044 (2018), the Commission stayed all pending
administrative proceedings, including this one; the stay was operative through August 22, 2018.
Pending Admin. Proc., Securities Act of 1933 Release Nos. 10510, 2018 SEC LEXIS 1490;
10522, 2018 SEC LEXIS 1774 (July 20, 2018). On August 22, 2018, the Commission ended the
stay and ordered a new hearing in each affected proceeding before an administrative law judge
who had not previously participated in the proceeding, unless the parties expressly agreed to
alternative procedures, including agreeing that the proceeding remain with the previous presiding
administrative law judge. Pending Admin. Proc., Securities Act Release No. 10536, 2018 SEC
LEXIS 2058, at *2-3 (August 22 Order). Accordingly, the proceeding was reassigned to the
undersigned. Pending Admin. Proc., Admin. Proc. Rulings Release No. 5955, 2018 SEC LEXIS
2264 (C.A.L.J. Sept. 12, 2018).
The OIP provides that each Respondent’s Answer is due within ten days of service of the
OIP on it. See OIP at 3; 17 C.F.R. § 201.220(b). The undersigned has independently determined
that each Respondent was served with the OIP on May 18, 2018, by U.S. Postal Service Express
Mail attempted delivery at “the most recent address shown on [its] most recent filing with the
Commission.” 17 C.F.R. § 201.141(a)(2)(ii). Ultimate Rack, Inc., filed an Answer on June 19,
2018. To date, neither Solaris Power Cells, Inc., nor Stragenics, Inc., filed an Answer.
In view of the reassignment of the proceeding, Solaris Power Cells and Stragenics will be
afforded a new opportunity to file Answers, which will be due by October 12, 2018. If either
Respondent fails to file an Answer within the time provided, it will be deemed to be in default,
and the undersigned will enter an order revoking the registration of its securities. See OIP at 3.
Ultimate Rack (and any other Respondent that files an Answer) and the Division of Enforcement
should submit proposals for the conduct of further proceedings by October 26, 2018. The
proposal may include resolving the proceeding by motion[s] for summary disposition pursuant to
17 C.F.R. § 201.250(b). If Ultimate Rack (or any other Respondent that files an Answer) fails to
submit a proposal (or to participate in a joint proposal), it will be deemed to be in default, and the
undersigned will enter an order revoking the registration of its securities. See August 22 Order,
2018 SEC LEXIS 2058, at *4.
IT IS SO ORDERED.
/S/ Carol Fox Foelak
Carol Fox Foelak
Administrative Law Judge
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