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lamont814

08/14/24 10:37 AM

#667 RE: tycoon7 #666

Hi tycoon7. That's been the strategy for many years now. I've written about Hellix's SEC status many times on this board. Frank obviously stopped paying the expensive SEC admin fees because they were battling Brenner in court and the stock had been shorted to nearly nothing. The SEC eventually put Hellix on CE status (Caveat Emptor) because of non-reporting. The SEC has quarterly and annual reporting requirements to stay current in their system. Any SEC registered stock will be put in CE status if they don't stay current and pay the fees. I too saw they traded in July. Even with no trading activity it doesn't matter because Hellix is still an SEC registered stock. Once they resume reporting to the SEC and pay the fess the CE will be lifted. CE status doesn't prevent a stock from trading, however it has to be done off the exchange between 2 private parties. Best wishes -Lamont