News Focus
News Focus
icon url

Sharktnk

08/12/13 11:38 AM

#23661 RE: Porgie Tirebiter #23660

But it was well after the fact ... Besides, it was accepted so ...

Beat's the heck out of me, I do recall that stipulation though.
icon url

Sharktnk

08/12/13 11:46 AM

#23663 RE: Porgie Tirebiter #23660

It occured to me and while I don't have time to go digging through it all .. Originally they were suspended for the following:

The Commission temporarily suspended trading in the securities of the foregoing companies due
to a lack of current and accurate information about the companies because they have not filed
certain periodic reports with the Commission. This order was entered pursuant to Section 12(k)
of the Securities Exchange Act of 1934 (Exchange Act).



So going dark after the fact is an attempt around this?

Interesting, not sure if that's been attempted before.

icon url

lucky, mydog

08/12/13 12:24 PM

#23666 RE: Porgie Tirebiter #23660

That's probably what got them kicked off the pinks.

finra moved them to the grey sheets as a result of the sec revoking their form 211.

http://www.sec.gov/litigation/suspensions/2013/34-69999-o.pdf

now, we're just waiting on the revocation order.

http://www.sec.gov/litigation/admin/2013/34-70000.pdf
icon url

Eli's Gone

08/12/13 6:51 PM

#23674 RE: Porgie Tirebiter #23660

you can go dark with less than 300 shareholders or less than 500 with assets less than $10M...but in either case you must be current in your filings...

The issuer must comply with the other requirements of Rule 12h-3. An issuer must satisfy the
recordholder and asset requirements noted above and be current in its Exchange Act
reporting obligations as of the date of filing the Form 15
.