Replies to post #7356 on Superior Oil &Gas Company (fka SIOR)

[Arlocali01]

And from Wikipedia,

OTC Pink is an open marketplace that has no financial standards or reporting requirements. The stock of companies in the OTC Pink tier are not required to be registered with the SEC. Companies in this category are further categorized by the level and timeliness of information they provide to investors and may have current, limited or no public disclosure. OTC Pink securities range from shells and highly speculative development stage companies to international names.

[movieextra]

It's not the pinksheets the SEC suspends , then revokes, it not the company the SEC suspends then revokes , it's not the OTC the SEC suspends then revokes, it's the STOCK or SECURITIES of a company that the SECURITIES EXCHANGE COMMISSION SUSPENDS and then revokes ! By the way , 95% of all company stock revocations are due to none compliance with the SEC , then not one market maker will touch it (won't quote a price) because the price the MM's must pay is simply too high a price to pay for a company that will not report.The pinksheets won't have a quote to print and the shares become useless paper (money lost) But the company will still be there and may even go privat , or be dissolved. It's the securities (The money!) the SEC regulates, see! UNDER THE EXCHANGE ACT: FAILER TO COMPLY WITH EXCHANGE ACT SECTION 13(a) and RULES 13a-1 and 13a-13 THERE UNDER BECAUSE IT (THE COMPANY has not filed any periodic reports with the commission .. pursuant to section 12(j) of the exchange act , the registration of each class of securities registered pursuant to exchange act section 12be, can and will be revoked! and these rules goes for pinksheet stocks as well, do some DD and look up some stocks that have been revoked and you will see for yourself, hope this makes you a better investor.