Replies to post #37249 on One Step Ahead

[prospector777]

Bo, posted it out of interest sake on what the brokerages are saying. I agree its bunk.

[matrix]

IN 2003, IF CMKX WAS APPROVED OR ACCEPTED BY GOVERNING AUTHORITIES TO BE A NON-REPORTING COMPANY TO BE TRADED ON THE PINKSHEETS, THEN HOW IN HELL'S HALLWAY CAN THEIR BE A DELAY IN REPORTING?????

You're making an incorrect assumption here. The SEC does not pre-approve a change in status from reporting to non-reporting. Per Rule 12g-4: "The issuer's duty to file any reports required under section 13(a) shall be suspended immediately upon filing a certification on Form 15..."

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UNLESS THERE IS SOMETHING I'M MISSING...A PINKSHEET COMPANY I S...N O T...R E Q U I R E D...T O...R E P O R T...S O...H O W...C A N...T H E R E...B E...A...D E L A Y ?? !!

If a company meets reporting thresholds, it is required to file periodic SEC reports even when trading on the pinks/greys. If a stock is delisted from an exchange, Nasdaq, or OTCBB to the pinks/greys, the company is required to continue filing unless they submit a Form 15 certifying they fall below reporting thresholds. In CMKX' case, the 2003 Form 15-12G was filed under false pretenses which may be the reason the SEC is playing hardball w/ them.

[janice shell]

IN 2003, IF CMKX WAS APPROVED OR ACCEPTED BY GOVERNING AUTHORITIES TO BE A NON-REPORTING COMPANY TO BE TRADED ON THE PINKSHEETS, THEN HOW IN HELL'S HALLWAY CAN THEIR BE A DELAY IN REPORTING?????

They weren't. The SEC doesn't begin to have the time to review every filing it receives. They assume the filings are truthful. If they're found not to be, then the company who submitted them is in trouble.