Monday, November 14, 2011

Sancon Resources (SRRY) Deregisters Its Shares

Investors weren’t the only ones fleeing the stock market this year. Companies are also heading for the exits. And a growing number of investors are taking the hit if hundreds of small companies “go dark” or voluntarily deregister their shares. Especially in the US-China RTO space. The result is often a falling share price and investors left in the dark about the firm’s finances and prospects.
What does it all mean?

When a firm “goes dark” it deregisters with the Securities and Exchange Commission (SEC) and delists its shares. Deregistered firms are no longer required to make SEC filings such as annual reports, proxies, 10-Ks, 10-Qs and other important documents. And they’re no longer required to have annual meetings or elect outside directors

Form 15

1 comment: