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The trading suspensions will last for ten business days. The trading suspensions commenced today at 9:30 a.m., EDT, and terminate at 11:59 p.m., EDT, on March 21, 2007.
The 35 companies whose trading was suspended today are: 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), and Wineco Productions Inc. (WNCP).
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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posted
BIGN and DCBI were plays that were common, thank god i didnt get nailed .. yet. these are all pinks right? i dont play pinks anymore. this type of stuff will hurt the pink market, especially if blanket restrictions keep going out.
posted
Yeah. I'm in EQBM. The wierdest thing is, the more I read about what's going on, the more it looks like EQBM doesn't belong on the list and was sucker punched.
It wasn't spammed, it wasn't P&D'd, the CEO hasn't made questionable claims in PRs.
In at least this one case (and probably more, possibly most or even all if some theories are true), it really looks like the SEC overstepped.
cassity: yes, they are all headed for the greysheets.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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posted
There are way to many crappy pinks and bb stocks if the sec shuts down all the garbage, we can trade a amaller amount of good company's that will grow as long as profits and good business practices. This is the first step imo of big brother and i for one like it! To many ppl. get hurt in R/s and pump and dumps, Its time to lock down on these! I will not hold anymore its a quick flip only, i do not want to get cought in whatever happens next!!
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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posted
Amen, matto. 3/4 of the pinks are nothing more than scams. The SEC is right to shut them down. GO SEC !!! Save us all some money. Every penny stock that declares a R/S in excess of 1 for 10 should be IMMEDIATELY shut down. Too many of them put out fantastic futures, and end up being a bomb. HOORAY!!!!
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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Mark K. Schonfeld, Director of the Commission's Northeast Regional Office, said, "By halting trading in these stocks we are seeking to protect investors from further harm. But this is only the first step. Our investigation of the perpetrators - the people behind this misconduct - is continuing."
Check it out Mark said "this is only the first step" oh boy this is goig to scare alot of people!
I say rip it up mark!
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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posted
LOL isnt raven moon the company that supposedly produces kid shows for television companies to pick up, but the main actors and actresses is the guys family?
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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I flipped DCBI yesterday, good thing I didn't keep it. But, they do seem like a legit company vs the others on the list.
Posts: 854 | From: Alpharetta, GA | Registered: Mar 2006
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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,
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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posted
all this spam smells like s t o c k s t e r, remember they utilize millions in ads, and were even prominent at every site advertising.. just my speculation
quote:Originally posted by matto: Mark K. Schonfeld, Director of the Commission's Northeast Regional Office, said, "By halting trading in these stocks we are seeking to protect investors from further harm. But this is only the first step. Our investigation of the perpetrators - the people behind this misconduct - is continuing."
Check it out Mark said "this is only the first step" oh boy this is goig to scare alot of people!
posted
Well, I've had 2 stocks of mine suspended by the SEC and I'm sorry to see that so many are going to lose money. I personally think they should not allow these scams to trade in the first place, but WTH do I know.
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I totally agree Cassity - I don't so much mind the fact that they are going to try and get rid of the crap that is trading, but shutting down the stock and then dumping it to the grey sheets is pitiful and every stockholder save the executives are people the SEC are supposedly protecting.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Seems we have 2 threads on this. While I fully support getting rid of the scams I don't agree with the way they are going about it. The shareholders are getting screwed imo. Yes some may have been foolish in their DD or thought they could take a chance for a quick buck. They need a better way of handling these stocks that minimizes the damage to investors but still slams the company. I was thinking a press release by the SEC giving a warning from their web site but then the company at fault would dump like crazy leaving the shareholders in the dust ~ so... maybe it is better to turn them grey. we loose 30 - 50% sometimes as much as 80% or more but still may get something back. Maybe being pink in the first place is all the warning you need. Certainly getting an education with the grey market dat's for sure. We'll see if any can settle their issues and minimize their time on the greys, i've only heard rumors of a stock only being grey for minutes instead of months or years. They were probably talking of big board stocks also - not pinks. This all just brings up more and more questions.
-------------------- 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
Too much credit is being given to the SEC on this thread.
I've taken an interest in the suspension because one of my stocks is on the list. But I know that my stock was not spammed (BTW: there is no allegation that ANY of these stocks were spammed by the company). The CEO of my stock is infamous for being stingy with the PRs. I know that the PR claim is also bogus as regards EQBM.
Also note the hype attached to Operation Spamalot (this has been all over the news) and compare that hype to the market cap of these stocks--all very small companies.
They aren't trying to clean up the pinks, they are rounding up the usual suspects. And as always, it's to hide the fact that they have no intention of cleaning up anything. The SEC isn't protecting you, me or anybody else. They are hurting the small investor in order to protect the major scammers.
It isn't new either. Once or twice a year, the SEC suspends a bunch of small companies just to show they are doing something about corruption. Every one of you knows that's not true.
Business as usual is what this is. A lot of small investors are being hurt so that the SEC can continue to turn a blind eye to corruption in the stock market.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 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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