Im curious if you understand the difference betwee
Post# of 22940
(Total Views: 372)
Posted On: 06/14/2019 3:26:35 PM
Re: Bull Runner #22062
Im curious if you understand the difference between a SEC reporting company "TPAC" and a non reporting company? Non reporting companies are not obligated/required to file anything at all. They can go forever and not make any disclosures. OTCM will show them as delinquent but since they are not a regulator they have no authority to do anything. FINRA controls ALL non reporting companies as far as trading goes. Now SEC companies on the other hand "TPAC". Are obligated/required to file quarterly financials as well as annual. They are also required to file *k's for material events. SEC reporting companies like TPAC are regulated by SEC who in fact does hold them accountable unlike non reporting companies. When a SEC company is severely delinquent as in TPAC case the SEC will send them a letter telling them to get current or be suspended. 100% of every SEC reporting ticker that has been suspended for not file financials has been revoked. Meaning the ticker is deleted leaving shareholders with nothing at all. At the end of this quarter TPAC will officially be 2 years delinquient in filing with the SEC. 2 years is the point where the SEC takes notice and acts upon. If Bill does not abide by their request and get current they then will suspend the ticker and send it to the grey market where it will wait for a SEC Administrative Judge to rule on deleting the ticker. Its not a question of if they will but rather when.
Here are some links to help you get a better understanding how this process works.
Anyone saying nothing is going to happen its just a waiting game is completely in the dark and going to lose everything. Its time now for shareholders to force Bill to File the form 15 or lose everything.
SEC Suspensions:
http://www.sec.gov/litigation/suspensions.shtml
SEC Administrative Proceedings:
http://www.sec.gov/litigation/admin.shtml
SEC Litigations:
http://www.sec.gov/litigation/litreleases.shtml
Administrative Law Judge Orders:
http://www.sec.gov/alj/aljorders.shtml
Here are some links to help you get a better understanding how this process works.
Anyone saying nothing is going to happen its just a waiting game is completely in the dark and going to lose everything. Its time now for shareholders to force Bill to File the form 15 or lose everything.
SEC Suspensions:
http://www.sec.gov/litigation/suspensions.shtml
SEC Administrative Proceedings:
http://www.sec.gov/litigation/admin.shtml
SEC Litigations:
http://www.sec.gov/litigation/litreleases.shtml
Administrative Law Judge Orders:
http://www.sec.gov/alj/aljorders.shtml
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