posted
from another board: BREAKING: SEC Suspends Trade on 35 Pink Sheet Companies Posted on Thursday, March 08 * 08:33:56 CST
*** Staff Report
The SEC announced about 15 minutes before market open Thursday that it was suspending trade on 35 companies trading on the Pink Sheets, citing rules in Section 12(k) of the Securities Exchange Act of 1934.
Trade will be suspended beginning 9:30 a.m. today and will remain suspended until midnight March 21.
“The Commission ordered these trading suspensions because of questions that have arisen regarding the adequacy and accuracy of publicly disseminated information concerning among other things: (1) the companies’ assets, (2) the companies’ business operations, (3) the companies’ current financial condition, and/or (4) financing arrangements involving the issuance of the companies’ shares,” the SEC said.
The companies suspended are as follows: Advanced Powerline Technologies Inc. (APWL) America Asia Petroleum Corp. (AAPM) Amerossi Int’l Group, Inc. (AMSN) Apparel Manufacturing Associates, Inc. (APPM) Asgard Holdings Inc. (AGHG) Biogenerics Ltd. (BIGN) China Gold Corp. (CGDC) CTR Investments & Consulting, Inc. (CIVX) DC Brands International, Inc. (DCBI) Equal Trading, Inc. (EQTD) Equitable Mining Corp. (EQBM) Espion International, Inc. (EPLJ) Goldmark Industries, Inc. (GDKI) GroFeed Inc. (GFDI) Healtheuniverse, Inc. (HLUN) Interlink Global Corp. (ILKG) Investigative Services Agencies, Inc. (IVAY) iPackets International, Inc. (IPKL) Koko Petroleum Inc. (KKPT) Leatt Corporation (LEAT) LOM Logistics, Inc. (LOMJ) Modern Energy Corp. (MODR) National Healthcare Logistics, Inc. (NHLG) Presidents Financial Corp. (PZFC) Red Truck Entertainment Inc. (RTRK) Relay Capital Corp. (RLYC) Rodedawg International Industries, Inc. (RWGI) Rouchon Industries, Inc. (RCHN) Software Effective Solutions Corp. (SFWJ) Solucorp Industries Ltd. (SLUP) Sports-stuff.com Inc. (SSUF) UBA Technology, Inc. (UBTG) Wataire Industries Inc. (WTAF) WayPoint Biomedical Holdings, Inc. (WYPH) Wineco Productions Inc. (WNCP)
Posts: 287 | From: prague | Registered: Jan 2006
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posted
Wow, crazy. Wonder if they'll cast the net a bit further with the next toss. Makes it kinds scary (scarier...?) to hold a pinky overnight.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
here are the reasons: It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of the issuers listed below. As set forth below for each issuer, questions have arisen regarding the adequacy and accuracy of publicly disseminated information concerning, among other things: (1) the companies’ assets, (2) the companies’ business operations, (3) the companies’ current financial condition, and/or (4) financing arrangements involving the issuance of the companies’ shares. 1. Advanced Powerline Technologies Inc. is a Nevada company based in Oklahoma. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and performance. 2. America Asia Petroleum Corp. is a Nevada company with offices in Nevada and China. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s assets and operations. 3. Amerossi Int’l Group, Inc., is a Wyoming company with offices in Bangkok, Thailand. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s assets. 4. Apparel Manufacturing Associates, Inc., is a Delaware company with offices in Bloomfield, Connecticut. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s management and operations. 5. Asgard Holdings Inc. is a Nevada company based in California. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and concerning stock promoting activity by the company. 6. Biogenerics Ltd. is a Nevada company with offices in Texas. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and assets. 7. China Gold Corp. is a Nevada company with offices in China. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and assets. 8. CTR Investments & Consulting, Inc., is a Nevada company based in Maryland. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. 9. DC Brands International, Inc., is a company incorporated and based in Colorado. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. 10. Equal Trading, Inc., is a Nevada company with offices in Illinois. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and financial condition. 3 11. Equitable Mining Corp. is a Wyoming company with offices in Toronto, Ontario. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s assets. 12. Espion International, Inc., is a Nevada company based in California. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and financing arrangements. 13. Goldmark Industries, Inc., is a Nevada company based in Vancouver, British Columbia, Canada. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and financing arrangements and the adequacy of publicly available information concerning the company’s management. 14. GroFeed Inc. is a Nevada company with offices in Toronto, Ontario, Canada. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and assets. 15. Healtheuniverse, Inc., is a company incorporated and based in California. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and concerning stock promoting activity. 16. Interlink Global Corp. is a company incorporated and based in Florida. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and concerning stock promoting activity by the company. 17. Investigative Services Agencies, Inc., is a company incorporated and based in Illinois. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and financial performance. 18. iPackets International, Inc., is a Nevada company with offices in Vancouver, British Columbia, Canada. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and assets. 19. Koko Petroleum Inc. is a Nevada company with offices in British Columbia, Canada. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s assets. 20. Leatt Corporation is a Nevada company with offices in Las Vegas, Nevada. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s assets and operations. 21. LOM Logistics, Inc., is a Louisiana company. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. 4 22. Modern Energy Corp. is a Wyoming company with offices in California. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and financial condition. 23. National Healthcare Logistics, Inc., is a Nevada company with offices in Tennessee. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. 24. Presidents Financial Corp. is a Nevada company with offices in Vancouver, British Columbia, Canada. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s management and operations. 25. Red Truck Entertainment Inc. is a Nevada company with offices in Scottsdale, Arizona. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and financial performance and the adequacy of publicly available information concerning the company’s stock issuances. 26. Relay Capital Corp. is a Nevada company with offices in Scottsdale, Arizona. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. 27. Rodedawg International Industries, Inc., is a Nevada company with offices in California. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. 28. Rouchon Industries, Inc., is a company incorporated and based in California. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s financing arrangements and financial performance. 29. Software Effective Solutions Corp. is a Louisiana company located in the Philippines. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. 30. Solucorp Industries Ltd. is a Canadian company with offices in Florida. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s financial performance and the adequacy of publicly available information concerning insider stock holdings and transactions. 31. Sports-stuff.com Inc. is a Nevada company. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. 32. UBA Technology, Inc., is a Nevada company. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. 5 33. Wataire Industries Inc. is a Nevada company with offices in Surrey, British Columbia, Canada. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and assets. 34. WayPoint Biomedical Holdings, Inc., is a Nevada company with offices in California. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations and financing arrangements. 35. Wineco Productions Inc. is a Nevada company with offices in Florida. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations. The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the companies listed above. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the companies listed above is suspended for the period from 9:30 a.m. EST, March 8, 2007, through 11:59 p.m. EDT, on March 21, 2007. By the Commission. Nancy M. Morris Secretary
Posts: 287 | From: prague | Registered: Jan 2006
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posted
it`s about time IMO! they began cracking down on these PR pumps!! keep up the good work SEC!! IMO!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Anytime the SEC has gotton involved with these companies the shareholders always lose. I have yet to see a situation where we win. I wish SEC would really do there job and have the power to close a company that has scammed its shareholders and force them to sell the business and give the proceeds to the shareholders. Also put these CEO's in jail. Maybe this will begin to help the problem.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
I'm just happy ILGY isn't on there. Heard a lot of mixed opinions on it, and mostly negative as of late.
Posts: 263 | Registered: Feb 2007
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quote:Originally posted by casviper: Anytime the SEC has gotton involved with these companies the shareholders always lose. I have yet to see a situation where we win. I wish SEC would really do there job and have the power to close a company that has scammed its shareholders and force them to sell the business and give the proceeds to the shareholders. Also put these CEO's in jail. Maybe this will begin to help the problem.
I like your thinking however the sad fact is that the VAST majority of pinksheets have NO ASSETS witch could be sold off, just debt and worthless property leases or outdated equiptment and software if anything at all. and IF they DID have something they could sell by the time creditors and suppliers were paid off thier would be NOTHING left for common share holders!! jail time would be great! if these B/S CEO`s and directors started getting locked up this crap would end quick!!! IMO!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Okay - So pinksheets is now wasting their time with the whole OTCQX system since now the SEC might actually start cleaning things up.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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SEC cracks down on spam-driven small stocks Thursday March 8, 11:10 am ET By Karey Wutkowski
WASHINGTON (Reuters) - The Securities and Exchange Commission suspended trading on Thursday in the stocks of 35 small companies linked to spam e-mail campaigns urging small investors to buy shares.
ADVERTISEMENT click here The SEC said it launched an enforcement effort to protect investors from potentially fraudulent spam e-mail promoting small company stocks with phrases like, "Ready to Explode," "Ride the Bull," and "Fast Money."
"It's estimated that 100 million of these spam messages are sent every week, triggering dramatic spikes in share price and trading volume before the spamming stops and investors lose their money," the SEC said in a statement.
The SEC said the stocks halted typically sell for less than $1 per share and are quoted on the Pink Sheets quotation service. The trading suspensions began on Thursday and will last for 10 business days, ending at noon on March 21, the agency said.
In one spam campaign involving Apparel Manufacturing Associates (Other OTC:APPM.PK - News), the SEC said the company's stock closed at 6 cents on trading volume of 3,500 shares on Friday, December 15, 2006.
After a weekend spam campaign distributed e-mails proclaiming "Huge news expected out on APPM, get in before the wire, We're taking it all the way to $1.00," trading volume on Monday, December 18, 2006, soared to 484,568 shares with the price spiking to over 19 cents a share.
Two days later the APPM price climbed to 45 cents. However, by December 27, 2006, the price had slumped to 10 cents on trading volume of 65,350 shares, the agency said.
The SEC said it suspended trading in the following stocks:
* Advanced Powerline Technologies Inc. (Other OTC:APWL.PK - News)
* America Asia Petroleum Corp. (Other OTC:AAPM.PK - News)
* Amerossi Int'l Group, Inc. (Other OTC:AMSN.PK - News)
* Apparel Manufacturing Associates, Inc. (Other OTC:APPM.PK - News)
* Asgard Holdings Inc. (Other OTC:AGHG.PK - News)
* Biogenerics Ltd. (Other OTC:BIGN.PK - News)
* China Gold Corp. (Other OTC:CGDC.PK - News)
* CTR Investments & Consulting, Inc. (Other OTC:CIVX.PK - News)
* DC Brands International, Inc. (Other OTC:DCBI.PK - News)
posted
There should also be stronger regulations on these companies. They should not be allowed to start a business with 100 billion shares so they can dilute and screw the shareholders.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
imo this will send those applying in this venue a few extra steps further. nice timing. suspiciously timed if you ask me. but I always do like a good conspiracy.
"New York, NY - March 5, 2007, 2007 - Pink Sheets, LLC today announced that it has launched two premier market tiers in the U.S.-OTCQX and International OTCQX-for reputable operating companies that wish to create enhanced visibility and respectability with investors.
The OTCQX primary trading PremierQX and PrimeQX designations identify U.S. companies with ongoing business operations that have professional advisors and provide credible disclosure to the marketplace, including U.S. Generally Accepted Accounting Principles (GAAP) compliant financial statements audited annually. International OTCQX offers the International PremierQX or International PrimeQX designations to non-U.S.-based companies listed on a qualified international stock exchange that make their home country disclosure available in English to U.S. investors.
"We are excited to give the OTCQX designation to our initial group of companies that have completed the application process." said Cromwell Coulson, Chairman and CEO of Pink Sheets, LLC. "For some time now, reputable issuers on the Pink Sheets have asked us to find a way to recognize their efforts to provide credible information to investors. OTCQX is our answer to that request with a simple listing process that allows trusted companies to efficiently distinguish themselves. Today, we begin an exciting new market tier that makes it easy for investors to identify and research the companies that are worthy of their consideration."
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
This is just the beginning imo, I think that by the time they are done a few hundred could be suspended. I would be very cautious about buying any Pinks right now.
Posts: 630 | Registered: Jun 2006
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posted
start calling this Dodge Pink Ball. more reason not to hold overnight
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
I think these stocks should come under the same rules and regulations as the big board stocks. If a company cannot afford these costs they shouldn't be trading as a public company.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
Wonder of wonders, I hold none of those stocks listed.
I like this one:
quote:9. DC Brands International, Inc., is a company incorporated and based in Colorado. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations.
You really should check out the DBCI thread and see some of those PR's. Too much!
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
Wow Jo, I don't have any of them either!!! Lucky us!!
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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posted
LOL, I'm sure this won't make you feel better, but I remember a few days ago reading about DBI on the Ihub board and someone saying about the CEO "geez, this guy must be related to Rufus!"
quote:Originally posted by Jo4321: Wonder of wonders, I hold none of those stocks listed.
I like this one:
quote:9. DC Brands International, Inc., is a company incorporated and based in Colorado. Questions have arisen regarding the adequacy and accuracy of press releases concerning the company’s operations.
You really should check out the DBCI thread and see some of those PR's. Too much!
Jo
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
LOL! Press release from DCBI ----------------------------------
DC Brands International: CEO Responds to 10 Day Halted Trading Thursday March 8, 2:14 pm ET
DENVER, CO--(MARKET WIRE)--Mar 8, 2007 -- Today, DC Brands International (Other OTC:DCBI.PK - News) answers questions concerning their halt in trading. The company's President & CEO Richard Pearce said, "We want to stay up front on this. We are still trying to figure it out ourselves.
What we have learned from a report on the *** 'Market News 1st' website is that the SEC launched 'Operation Spamalot' today looking for spammers and the company's involved with and/or paying for spamming in order to artificially promote or increase stocks prices.
I want to say first and foremost that the SEC is doing exactly what they should be doing, their job. If they are looking for fake cures for cancer companies, those that have paid spammers or other forms of stock promoters to market their stocks, then I only ask that they bring their largest magnifying glass and shine it on us first; because we are 100% legitimate. When you consider the dramatic increase in our volume and stock price, I am the first to say we do fit the profile. However, we are not guilty. That's like saying the police are looking for someone 6'2" 220lbs with blonde hair and blue eyes, who robbed a liquor store. I and a million other people fit that basic profile. It does not mean we are not 100% innocent and the sooner and faster and more thoroughly you cooperate with the authorities, the sooner you can be vindicated and remove yourself from under the vale of suspicion.
The only thing we have ever paid for is the cost of the press releases themselves. I ask that they visit our facility, drink our products, call every source of every news story we have released, talk directly to the parties involved, and look through all our records. We are an open book and guarantee full and complete cooperation. From what I understand, this will last 10 trading days during which we should be asked to sign some affidavits and provided the necessary documentation in which we are ready, willing and able to do.
Again, the SEC is only doing their job, and we believe, as a fully legitimate company, we will be given a 'clean bill of health' and come out stronger than ever. We ask that our shareholders hang with us and let them do their job. Again, we will cooperate fully and completely to rectify this situation as quickly as possible. In the mean time, we will stay focused on selling our drinks to our thirsty customers and let the lawyers handle this portion of the process."
For more information on the company, visit their website at www.TurnLeftEnergy.com and DickensEnergyCider.com. Primary Contact: Keith Howard, 303-279-3800.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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Now I have a whole slew of stocks to run my theories on eh?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
I meant to add - I hope everyone stuck was able to cover their arse before they were frozen. yipes!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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