RE: RE: RE: RE: Surprisingly breaks $1: the fine for late filing is $50.........and that is not charged if they have a good excuse as to why they were late to do their filing (i.e. they were traveling or they were in Africa without an internet connection)
they do not lose their ability to be directors......they do not lose their ability to trade......they do not lose anything
the other thing for you to consider is that intelligent market players hold paper in a series of names that are NOT considered insiders and keep themselves under 10% ownership therefore they do not have to file anything