HiLo 3rd time in 3 days......BUSTED!!!!!....again,,....what's that expression...if it smells like shit, looks like shit.... it isshit...strike 3 and yer out.
HiLo's post on 6490 is wrong....3rd time in 3 days and previously
He quoted under Triggers for review:"• The issuer is not current in its reporting obligations with the Securities and Exchange Commission;"quote HiLo
Sounds pretty official, huh? But he left something out on that.....
It actually reads: ": (2) the issuer is not current in its reporting requirements, if applicable,to the SEC or other regulatory authority" quote FINRA
Another he quoted:"• FINRA believes the forms are incomplete, inaccurate or filed without the appropriate corporate authority" quote HiLO
He quoted this one wrong too:"FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority" quote FINRA
It's all here from FINRA:
The Department shall make such deficiency determinations solely on the basis of one or more of the following factors: (1) FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority; (2) the issuer is not current in its reporting requirements, if applicable, to the SEC or other regulatory authority; (3) FINRA has actual knowledge that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected to the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations; (4) a state, federal or foreign authority or self-regulatory organization has provided information to FINRA, or FINRA otherwise has actual knowledge indicating that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected with the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action may be potentially involved in fraudulent activities related to the securities markets and/or pose a threat to public investors; and/or (5) there is significant uncertainty in the settlement and clearance process for the security.