Posted On: 03/03/2016 5:40:53 PM
Post# of 8802
I just want to put this out there. I refuse to argue with the bashers over there about it because it's like talking to a wall.
They keep trying to scare every one into thinking that the SEC is going to suspend TALK due to late filings and that it is soooo risky. Here's why it's not.
First off I think it's obvious that TALK is in contact with the SEC about the special circumstances that are causing them to be late. ( merger and having to re audit Financials ) These things happen and there are allowances made all the time. Especially with smaller companies that don't have several accountants on staff.
If the SEC did decide that they will not give TALK any additional time they would then send a letter to TALK giving them 15 days to comply. If TALK couldn't get the filing complete in the 15days they could file a 15-12g. This basically releases them from their SEC reporting requirements. They still trade normally on the otc. The requirement to be able to file a 15 is that they have under 500 shareholders which TALK should be well under.
Many pinks are not SEC reporting. Of course it's good to be reporting and this would not be an ideal situation but it's not the doom and gloom the bashers would have us think.
They keep trying to scare every one into thinking that the SEC is going to suspend TALK due to late filings and that it is soooo risky. Here's why it's not.
First off I think it's obvious that TALK is in contact with the SEC about the special circumstances that are causing them to be late. ( merger and having to re audit Financials ) These things happen and there are allowances made all the time. Especially with smaller companies that don't have several accountants on staff.
If the SEC did decide that they will not give TALK any additional time they would then send a letter to TALK giving them 15 days to comply. If TALK couldn't get the filing complete in the 15days they could file a 15-12g. This basically releases them from their SEC reporting requirements. They still trade normally on the otc. The requirement to be able to file a 15 is that they have under 500 shareholders which TALK should be well under.
Many pinks are not SEC reporting. Of course it's good to be reporting and this would not be an ideal situation but it's not the doom and gloom the bashers would have us think.
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