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Posted On: 12/16/2024 12:47:55 PM
Post# of 2062
Wording of the Nov 27th, 2024 release by the SEC:
Accordingly, Respondent is ORDERED to SHOW CAUSE by December 11, 2024, why
the registration of its securities should not be revoked by default due to its failure to file an
answer or otherwise to defend this proceeding. Respondent’s submission shall address the reasons for its failure to timely file an answer and include a proposed answer to be accepted in the event that the Commission does not enter a default against Respondent. When a party defaults, the allegations in the OIP will be deemed to be true and the Commission may determine the proceeding against that party upon consideration of the record without holding a public hearing.
If Respondent fails to respond to this order to show cause, it may be deemed in default,
the proceeding may be determined against it, and the registration of its securities may be
revoked. Upon review of the filings in response to this order, the Commission will either direct further proceedings by subsequent order or issue a final order resolving the matter.
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Sounds like Dec 11th was not the absolute final date and the Commission could "...direct further procedings or issue a final order."
No revocation yet but the shares are not being traded and the quote shows as five zeroes after the decimal then a "one".or 0.000001 . . Million shares for a buck. Big shareholder with 200 million shares - two-hundred bucks. IF you find a buyer and a way to make a transfer of phantom shares. .
This will likely drag on further from the wording quoted above.
Anybody with insights?
SEC Administrative Proceedings re File No. 3-22243 MEXUS GOLD US:
https://www.sec.gov/enforcement-litigation/ad...gs/3-22243
Accordingly, Respondent is ORDERED to SHOW CAUSE by December 11, 2024, why
the registration of its securities should not be revoked by default due to its failure to file an
answer or otherwise to defend this proceeding. Respondent’s submission shall address the reasons for its failure to timely file an answer and include a proposed answer to be accepted in the event that the Commission does not enter a default against Respondent. When a party defaults, the allegations in the OIP will be deemed to be true and the Commission may determine the proceeding against that party upon consideration of the record without holding a public hearing.
If Respondent fails to respond to this order to show cause, it may be deemed in default,
the proceeding may be determined against it, and the registration of its securities may be
revoked. Upon review of the filings in response to this order, the Commission will either direct further proceedings by subsequent order or issue a final order resolving the matter.
--
Sounds like Dec 11th was not the absolute final date and the Commission could "...direct further procedings or issue a final order."
No revocation yet but the shares are not being traded and the quote shows as five zeroes after the decimal then a "one".or 0.000001 . . Million shares for a buck. Big shareholder with 200 million shares - two-hundred bucks. IF you find a buyer and a way to make a transfer of phantom shares. .
This will likely drag on further from the wording quoted above.
Anybody with insights?
SEC Administrative Proceedings re File No. 3-22243 MEXUS GOLD US:
https://www.sec.gov/enforcement-litigation/ad...gs/3-22243
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