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underdog150

11/10/10 6:22 PM

#5096 RE: gatorhistory #5095

You can't get rid of filing requirements just by taking over a bad shell. If they were required before, they are required now.
Look at the SEC filings of SEVA.pk, 135 filings with the SEC explaining every single thing they did since they bought that shell. Watch and learn.
http://yahoo.brand.edgar-online.com/default.aspx?cik=884380
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i'm not saying he isn't responsible for filing to keep current, but he JUST tookover. to launch this on him when he has just recently taken over the company is ridiculous IMO.
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Realityhurts

11/10/10 6:38 PM

#5097 RE: gatorhistory #5095

I've been scrutinizing this and other securities halts as of recently and I'm noticing a common theme. Unfortunately for us, if Mr. Gelmon was indeed working on bringing the filings up to date, the SEC went after stocks that started with the letter E this week. The fact that Gelmon or NIR was involved was of no significance from what I've been able to tell. We were just simply unlucky. If you hold other stocks in your portfolio, you and all would be wise to understand what and why these stocks are being suspended. There will be more.


I hope honest to God that Michael gets those filings done. I think that we really do have a chance given the relative inactivity for the past couple years.
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TEFFY

11/11/10 4:27 AM

#5114 RE: gatorhistory #5095

Everyone should always do their DD, including CEO's and folks buying companies!

i'm not saying he isn't responsible for filing to keep current, but he JUST tookover. to launch this on him when he has just recently taken over the company is ridiculous IMO.



Ofcourse he is 100% responsible! No different than buying a pizza place the health department shut down and you bought it!!!!!!!!!!!

I have NEVER seen a stock get haulted and then trade at the same status, also I do not remember the last time a company got financials current in 10 days or less :-(

I should feel lucky I only have 2 million shares here, the last one and only other one I have ever been in that got halted cost me $22,000.00, so this is like a discount!