Replies to post #207 on SEC Suspensions & Revocations

[JohnCM]

Ok ... without reading ALL of the information available, based on what I have seen so far, suspended stocks have a really difficult job ahead.

Overall, what is the percentage of pink stocks that return to the pinks after 6 months from suspension ...

2 percent? Lower? Less than one?

Out of 100 suspended stocks 2 return to pinks within 6 months? Sound about right? On average ...

[bb72mo]

Does it makes difference if company makes settlement and what is“piggyback” exception of Exchange Act Rule 15c2-11(f)(3). Thank you!!!
I.
The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by Radix Marine, Inc. (“RDXM” or “Respondent”) pursuant to Rule 240(a) of the Rules of Practice of the Commission, 17 C.F.R. § 201.240(a), for the purpose of settlement of these proceedings initiated against Respondent on May 22, 2013, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”).
1. RDXM (CIK No. 1030984) is a Nevada corporation located in Yakima, Washington with a class of securities registered with the Commission under Exchange Act Section 12. As of May 20, 2013, the common stock of RDXM (symbol RDXM) was quoted on OTC Link (formerly “Pink Sheets”) operated by OTC Markets Inc., had six market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).

[FearTheDilutionMonster]

ok

[stayfocused]

Good morning Renee, could you point me in the right direction (which link to click on) to try and ascertain if there is a definitive maximum 'length of time' between failing to issue quarterly and annual filings, and suspension? Or can it just rumble on for years with a little ducking and diving by a CEO? MTIA