InvestorsHub Logo
icon url

xyz1002

08/27/19 10:29 AM

#10749 RE: phillymike #10746

But why would they do so? They could have filed a form 15 and become non-reporting and still be trading like many others do.
icon url

Renee

08/27/19 10:34 AM

#10750 RE: phillymike #10746

From the Suspension Order: "On November 29, 2018, Corporation Finance sent a delinquency letter to PWDY requesting compliance with its periodic filing requirements, which was delivered."

https://www.sec.gov/litigation/suspensions/2019/34-86757-o.pdf

So yes, they had 11 months since the SEC letter was delivered for them to become compliant in their filing obligations so they had to have known an SEC Suspension would occur if they did not comply.

The tweets were an abject lie as confirmed by todays SEC Suspension.