Mr. Dillon - please explain why the SEC Revoked Registration Of Securities Of Gridline Communications Holdings particularly in light of the fact that you intend to have a NASDAQ listing(?)
Could you also explain why you are listed as a 'Void' Delaware Corporation
Gridline Communications (CIK No. 1102005) is a void Delaware corporation located in Frisco, Texas.
There are three basic ways your Delaware corporation can fall out of good standing:
Failure to pay your Delaware corporation franchise taxes. If your Delaware corporation owes franchise tax, it will be called “Void.” ============================================================================
Gridline Communications Holdings, Inc. Key Developments
SEC Revokes Registration Of Securities Of Gridline Communications Holdings
Jul 31 13
On July 31, 2013, the Securities and Exchange Commission (SEC) revoked the registration of each class of registered securities of Gridline Communications Holdings, Inc. (f/k/a North Shore Capital IV, Inc.) for failure to make required periodic filings with the Commission. Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, Gridline Communications consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Gridline Communications Holdings, Inc. (f/k/a North Shore Capital IV, Inc.) finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 there under and revoking the registration of each class of Gridline Communications' securities pursuant to Section 12(j) of the Exchange Act.
Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked . . . . (Rel. 34-70078)
SEC Orders Hearing On Registration Suspension Or Revocation Against Gridline Communications Holdings
Jun 11 13
The Securities and Exchange Commission (SEC) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of Gridline Communications Holdings, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and/or 13a-13 there under, are true. The Administrative Law Judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.
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