Replies to post #6659 on Global Aircraft Solutions (fka GACFQ)

[janice shell]

Obviously it should be the other way around - eg if you fail to file for however many quarters, a computer automatically sends you a revocation notice; you can request a hearing if you want within 21 days or whatever, but if you don't then your stock goes phhht, automatically.

I agree. They really ought simply to take out all of the delinquent filers at one whack. It's not exactly rocket science: either you've made the required filings, or you haven't. It could be something like FINRA's removal of 51,000 dead tickers a couple of years ago.

And it should be extended to exchange-listed stocks. If you're on the NYSE or Nasdaq and miss a K, they'll give you 18 months or more to get it in.

I think they should be held to a higher standard.

[janice shell]

(You also saw this kind of crude regard for company formation rates being expressed in the recent microcap fraud roundtable session.)

Yes. Oddly, only the DTCC people seemed to realize just how nasty these companies are. Cromwell Coulson seems like a nice guy, but when people think "OTCMarkets" or "Pinks", they are not thinking about ADRs or regional banks.