Replies to post #49581 on Ariel Way, Inc. (fka AWYI)

[flaflyersfan]

sunnyskies13, incorrect. The SEC instituted Administrative Proceedings against Ariel Way on May 3rd. Because of 4 year delinquent filings, AWYI was suspended from trading. The SEC gave AWYI time to respond which they did but did not produce SEC filings for the last 4 years. The SEC recommended revocation of AWYI common stock and Ariel Way agreed to it.

Whether anyone thinks it was the CEO's idea to wipe out AWYI shareholders is their choice. There are no more AWYI shares so there are no more AWYI shareholders.

Did you check all of the other stocks that were revoked to find that none of them have traded again?

Good luck

[janice shell]

The CEO did NOT "ask" for registration to be revoked. They SEC moved on its own, announcing its intention to revoke on 3 May:

http://sec.gov/litigation/admin/2012/34-66908.pdf

AWYI responded by agreeing to accept revocation on 11 July:

http://sec.gov/litigation/admin/2012/34-67395.pdf

That is the story, and it's quite simple. You're now a shareholder in a private company. As for this:

If we are successful in acquiring the companies that we are pursuing, we believe that we may qualify to apply for trading on NASDAQ or NYSE/Amex.

What? They didn't have enough money to get their filings done, but they expect to make expensive acquisitions and move to the Nasdaq??

Sheesh.