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Jim Bishop

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Jim Bishop

Re: bagfull post# 376

Thursday, 04/12/2007 10:48:03 PM

Thursday, April 12, 2007 10:48:03 PM

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15-12G filing is to certify and notify termination of registration and/or the suspension of duty to file reports.

It's normally done by OTC BB's when they don't want to file any more and don't care if they go pink. Also it's done when a company intends to go private.

Now and then a pinkee will file if they have more than 300 shareholders and were previously filers and now want to make sure they are legit before doing an r/m since the SEC has been going after some pink shells.

For some weird reason in the last few months especially, some people have decided that shells file them before doing an r/m and they run them on that reason. Whatever works I guess.

I've been playing shells for many years too.



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