Ok, Scoop, you called me out...LOL...
Re PCBM - I don't know if you guys remember several months ago when the stock was trading in the high 20s - low 30s and they were supposed to get the E and then they pulled some sort of manuever to get out of the filing and never got the E...? Well, I never did understand what it was they did. Apparently they only delayed it, not avoided it entirely.
The reason some of these little companies have such a hard time with this issue is the cost of having the filing prepared. Especially if there are lots of little deals going on, projects on the front and back burner, management changes, capitalization / structure changes and flexibilities. While each SEC filing does look pretty much like the last one or like somebody elses, in most cases, they still have to be written up in itemized detail and audited.
I've said to a number of people who have asked me about this stock: I like PCBM as a trading stock. It hangs around .10 and then when the market heats up and they have some decent PRs/developments this thing flies. It has an huge following out there in pennyland and people love to TRADE it. There is the whole 'certificate pull' issue and supposedly a huge short position. Is that true? Will the certificate pulling accomplish anything? I don't know. There is talk off and on of this being a $4 stock - I personally think that is overly-optimistic; at least for now. But given the right market conditions, it goes to .30 - .40 pretty easy and doesn't seem to go below .08; so around this level, you're in at about the low.
They have sent in their filing and the SEC has to review it. They will be getting the E because the filing isn't approved yet. With any luck, the SEC will review and approve it relatively quickly and it will lose the E and get back to "life as normal" right about in time for the year end rally we're all holding our breath waiting for. I've been holding my breath for so long I'm turning blue. Anyone else about to become comatose waiting?
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