SEC gives the CEO's 2 weeks to contact them and give them the info they desire. Brad never even updated co info on otc.com so I doubt he ever contacted the SEC which is probably why SEC levies the suspension.
grey stock for those who don't know is still tradeable- within the parameters of the continuing dtcc chill-since Brad apparently never did anything about such chill.
But brokers are forbidden from giving quotes in a grey stock - the ask and bid process- so to trade such stocks u have to do so blindly without the aid of such quotes - and in this case only if u have a piece of a hard certificate. Somebody -possibly Geo-who had a hard certificate-sold such a long time ago and there have been occasional hard stock certificate trades since-sometimes once every 3 weeks.
govt hasn't figured out a way to illegally confiscate such certificates yet.
the number of grey stocks on otc.com varies widely- one time when i looked it was over 10000 stocks - which usually exceeds the number of non-grey stocks on otc.
it is possible CWRN holders will get something for their stock- anywhere from a financial settlement w Geo in the California arbitration case (CWRN's complaint alleged Geo had profited up to ca 5.3 million from improperly trading restricted by contract stock -part of which allegedly caused the dramatic 2011 pps drop-so stock holders of record at that time may receive something and there are other possibilities -possibilities which are not any more remote than all the unprecedented illegal takings against longs.
I dont know whats apparently holding up arbitration, if it is, or if the arbitration is the non-appealable kind
but many border county judges were taken off regular assignments by Obama to facilitate immigration/cases (arbitration doesn't usually require a judge). But its my understanding that all the cases we've been following are still continuing and have not been resolved yet.
grey stock for those who don't know is still tradeable- within the parameters of the continuing dtcc chill-since Brad apparently never did anything about such chill.
But brokers are forbidden from giving quotes in a grey stock - the ask and bid process- so to trade such stocks u have to do so blindly without the aid of such quotes - and in this case only if u have a piece of a hard certificate. Somebody -possibly Geo-who had a hard certificate-sold such a long time ago and there have been occasional hard stock certificate trades since-sometimes once every 3 weeks.
govt hasn't figured out a way to illegally confiscate such certificates yet.
the number of grey stocks on otc.com varies widely- one time when i looked it was over 10000 stocks - which usually exceeds the number of non-grey stocks on otc.
it is possible CWRN holders will get something for their stock- anywhere from a financial settlement w Geo in the California arbitration case (CWRN's complaint alleged Geo had profited up to ca 5.3 million from improperly trading restricted by contract stock -part of which allegedly caused the dramatic 2011 pps drop-so stock holders of record at that time may receive something and there are other possibilities -possibilities which are not any more remote than all the unprecedented illegal takings against longs.
I dont know whats apparently holding up arbitration, if it is, or if the arbitration is the non-appealable kind
but many border county judges were taken off regular assignments by Obama to facilitate immigration/cases (arbitration doesn't usually require a judge). But its my understanding that all the cases we've been following are still continuing and have not been resolved yet.
