News Focus
News Focus
icon url

toxicdebtspiral

12/12/11 4:44 PM

#66069 RE: martind18 #66065

"but if the company is buying up shares,,, or insiders in the company,,.. why would they want to put out any info..."

If they are buying on material information then they have the duty to disclose.

http://www.sec.gov/rules/final/33-7881.htm

This is usually when someone will state something to the effect of: 'they don't have to report any more since they are not listed.' That is correct. However, if they EVER want to be listed again they must become current with their reports since they were a reporting company previously. As things stand now, if the company continues its silence, it is only a matter of time before this stock is revoked.