Replies to post #6220 on Sector 10 Inc (SECI)

[TenKay]

“With all of this said a form 211 should be easily refilled and the company opens back up yo trading after the 10 day suspension.”

Out of the thousands of SEC suspensions over the last 8 years, only a handful (those that can be counted on one hand) have managed to return to quoted trading. And those few that did took well over a year to do so, in most cases years.

No market maker is going to take the risk and liability of sponsoring a 211 for a ticker that was suspended for “questions of adequacy and accuracy”...their code words for suspected fraud.

And getting an audit done on the K will do nothing. The lack of an audit had nothing to do with this suspension, because that is a delinquency issue.

They would simply become a “current” SEC reporting company on the grey market.

[Throwingawaymoney]

Also would like to add that the short volume on trading days with the size of the ss would be nearly impossible to achieve. I think this is what the ceo was attempting to construe to the public with his Twitter blast on a ss with a tradable float of 130k the short volume
Is almost unthinkable with numbers posted on finra short volume .


19th first day of run
89799k shares traded short volume 54151k or 60 percent

Next day crash and rebound of court delay news
26567k short volume shares traded 96717k or 27.47 percent short

Third day huge run
13704 short volume shares traded 41292k or 33.19 percent short

Fourth day next huge leg up and crushed down
10059k short volume shares traded 25548k or 39.37 percent shorted

Last day of trading
11248k short volume shares traded 25902k or 43.43 percent short.