BLVT, along with RNDR, USEI, ECSL, PGCXD and NNBP, has been given Caveat Emptor status at OTCMarkets.
This action was taken solely due to their association with John Stanton.
This press release was submitted by RNDR.....
COMPLIANCE WITH OTC MARKETS
Sep 06, 2012 OTC Disclosure & News Service
Las Vegas, NV - Last Friday OTC Markets placed a Caveat Emptor on our stock due to association with a former director. We have been in contact with OTC Markets and are in the process of meeting their compliance requirements. John Stanton resigned from all position in the Company on August 28, 2012.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases
There was also this reply to a USEI shareholder.....
Good Morning Remi and thank you for your interest... we are actively working on the removal of the CE... OTC Market hit every company that had any relationship with Mr. Stanton on Friday... (There were 7 companies)
There rationale: "We believe there is a public interest concern with this security because of the company’s significant ties with an individual under federal investigation".
We along with our attorney, voiced our opinion that it was unfair since that individual has no relationship with the company other than a shareholder... and those shares held are subject to Rule 144 (volume restrictions)...We are filing a required disclosure statement today or tomorrow to comply to their request... and the CE will be removed immediately thereafter.
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