Replies to post #142 on Sovereign Lithium, Inc. (SLCO)

[236T568]

again, is there something to the FACT that the SEC can only legally suspend a stock for 10 days MAXIMUM that you DON'T UNDERSTAND?

SLCO was suspended for the maximum 10 days by the SEC. Period.

That is the end of SLCO. It now trades on the greysheets and will never leave. It will slowly drop to less than a penny in price with very little volume or just simple get REVOKED. As the SEC continues to investigate, the probability exists for SLCO and its officers/directors to get charged with securities fraud by the SEC.

To not understand this is just plain silly

Listen. Friend. I was simply pointing out that I had read a lot of BS stories about Cos disavowing any knowledge of a promo. This seemed more believable than most. Period!

If the SeC thought the Co was bold face lying to them they could have PERMANENTLY ( no greys) SHUT IT DOWN one way or the other ( finra, suspensions are indefinite) and prosecuted.

Think it's time to move on to another dead horse

[BigBake1]

False, because of "Due Process" in accordance with the CFR, the SEC nor FINRA can simply "Revoke" or "Halt" permanently the trading of a security without a due process. The SEC can only issue a suspension for 10 days on this securities registration, after that the Form 211 is no longer valid leaving it on the Grey Market. In the future if a formal complaint are filed in the particular State of registration the SEC may in fact revoke the registration completely. It can be 18 months on average from opening a case to filing a complaint.