Yes, the issue here I do know how it works and it seems like you don't. It is also we I know what a Form 10, Form 15, etc are and it seems no one else here does. There is what called "SEC Reporters" and "Alternative Filers." TSNP and HPIL were not SEC reporters. In HPIL and TSNP's case, both were SEC filers but terminated that with the filing of a Form 15. The difference is that in TSNP's case, they had filed all required q/k's until the Form 15 was filed and HPIL's former management missed many. Upon filing the Form 15, the company is not declaring it no longer exists or is abandoned, it is just saying it is moving to the alternative reporting standard through the OTC.
After that, both companies started filing with the OTC until the former management just stopped all together leaving them at least looking abandoned. They did not get their securities revoked because the SEC doesn't track alternative reporting/OTC filers, only CURRENT SEC filers. Stevie did not file a Form 15 to become an alternative reporter and therefore still falls under the SEC regulations for on time filings. Stevie knows this, because was the one that abandoned EBLD, MLGH, WNRG who were revoked for... not filing their SEC required q/k's. He is a pro at this.
Given that CRKM has not moved back to the alternative reporting standard and still is required to file q/k's, it means the SEC after a period of time (~2 years on average) will start the process of considering the revocation process based on the response from the current management. It states right in the Order here:
"III.B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondent, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of the Respondent."
If they choose the bolded part, the CRKM shares will in fact disappear forever for the reason stated in the order. What is that reason? It tells you:
"DELINQUENT PERIODIC FILINGS
2. As discussed in more detail above, the Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligation to file timely periodic reports, and failed to heed a delinquency letter ..."
So if someone knows the rules, this is simple. If you are an SEC filer and stop filing the SEC will eventually revoke your securities. If you are an alternative reporter with the OTC, there is no such obligation, you just move to EM and eventually GREY Market. This is SEC 101 stuff.
The SEC makes it so clear, there was a 2013 bulletin stating as such CLEARLY:
"If a reporting company identified as a delinquent filer fails to submit its periodic reports, the SEC may revoke the registration of the reporting company."
I cannot wait!
In fact here are two companies Stevie was the last filed for he let die... revoked on the SAME administrative proceeding for NOT FILING PERIODIC REPORTS.
AMERICA’S SPORTS VOICE, INC. : REVOKING REGISTRATION (n/k/a MILAGRO HOLDINGS, INC.), and ENTERTAINMENT BOULEVARD, INC.
"EBLD (CIK 1097719) is a Nevada corporation with a revoked status with the Nevada Secretary of State. The Commission’s public official records show that: (1) EBLD’s common stock has been registered with the Commission pursuant to Section 12(g) of the Exchange Act since November 30, 1999; and (2) EBLD has not filed any periodic reports since its Form 10QSB for the quarter ended September 30, 2000. That Form 10-QSB, which is publicly available on the Commission’s EDGAR database, reported that EBLD had a net loss of $73.6 million since its April 1, 1997, inception. "
TWO TICKERS AT THE SAME TIME FOR THE SAME THING! He also had another revoked and CRKM will be his 4th! Has to be a record.
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