We really don't know if there was enough activity between 1997-2009 (note that as stated 2009 is not included) to warrant requiring the current company to report for Caraway.
It sounds like an administrative call to me.
Ahhm, you must not understand the basics of a public shell. The shell is obligated to get the filings up to date as a reporting company. It does not matter if Santa Clause was the CEO, they did no business or lots of business. It is not an "administrative call".
Another hitch is that the company cannot withdraw from being a reporting company without filing every single 10K from 1997 to now.
I was not sure if they were considered reporting before because they seemed to have never registered shares with the SEC, the age of the shell(older regs?) and that the shell had not been revoked yet. The SEC seems to be pretty sure about the status by their comments though.
So these guys can spend a small fortune to get up to date with the filings from 1997 on or they risk having the stock suspended and or revoked.
This is one of the reasons I explained before that these guys are either conmen or they have been conned. Getting into shell like this it takes one or the other and neither is a good sign at all. Crooked or incompetent, take your choice..... Do you like the idea that you could wake up one morning and find the ticker is gone *POOF* as that is quite possible in this situation.
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