On November 17, 2012, Here Enterprises (OTCBB: HRTE) was moved to “no information” status.
According to OTC, that means
Indicates companies that are not able or willing to provide disclosure to the public markets – either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via the OTC Disclosure and News Service, or if they do, the available information is older than six months.
OTC Pink No Information® includes defunct companies that have ceased operations as well as ‘dark’ companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
Hal Neilson took over the company in May 2012. Since that time, the company’s stock went from $.0006/share to $.0001 per share and has since been placed on “no information” status. Since Neilson’s taking the helm, no SEC filings on the company have been made.
HRTE insiders had an SEC enforcement action served upon them on May 16, 2012.
Magnolia Tribune
