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mastaflash

05/26/11 1:56 PM

#135718 RE: mretgnol #135717

You can be behind in filings until something happens where the SEC takes notice and demands you be in compliance...and STAY in compliance. - Indeed, I saw that happen with another company. Merged into a shell that was behind on filings for 7 years. Filed a 12g exemption...only they had 700+ shareholders. SEC nope....and revoked them instead....lol....they would likely still be trading today had they kept their mouth shut! ( interesting aside: stock still trades....years after being revoked. Never figured that one out)

...BTW, 1200 SHs and 1.2 Billions shares in broker accounts. Naked short? Unaccounted for Pinoshares? All I know is the company didn't issue them, and that is why we are here today.