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Last $0.0051 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 10/28/15 All times are local (Market data is delayed by at least 15 minutes).

locan inc (LOCN) Snapshot

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05/13/15 - $0.02
52 Week Low
10/28/15 - $0.0051
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locan inc (LOCN) Details

Locan, Inc. does not have significant operations. The company intends to acquire or merge with one or more businesses ventures. Previously, it was engaged in the production and distribution of ready-to-eat sandwiches under the Cuban Foods label. Locan, Inc. was founded in 2008 and is based in Bartlesville, Oklahoma.

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locan inc (LOCN) Key Developments

SEC Orders Hearings On Registration Suspension Or Revocation Against Locan, Inc. For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Locan, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was 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 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 13a-13 there under, are true. The 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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