InvestorsHub Logo

lucky, mydog

09/07/20 6:02 PM

#340766 RE: ponzi_implosion #340765

it is not unusual for the alj to take a year from the last motion or entry.

Krombacher

09/07/20 8:23 PM

#340767 RE: ponzi_implosion #340765

There was a "cohort" of other companies which were issued a suspension at the same time that ERHC was issued its suspension. I "spot checked" a handful of those companies and all the ones I spot checked were revoked within approximately 90 days or so of trading on the greys. But I didn't check all of them. Maybe someone else who has the time or inclination can verify as well if they want to, perhaps Kingpindg or someone who you might find to be more credible than me.

Krombacher

kingpindg

09/08/20 10:36 AM

#340779 RE: ponzi_implosion #340765

I will just add this...

Starting around July of last year the SEC went on a tear suspending stocks of companies that were more than a little delinquent in their filing obligations. So when you combine that flood of new cases with the cases that were already in process (DBMM, for example started in May 2017 and continues today) with, now, any coronavirus related delays, revocation proceeding were naturally going to get even more backlogged. I don't beleive they have even closed the books, yet, on those 30 or so companies that they said never even responded to their suspension orders in the first place.



.