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Re: peeker post# 833

Thursday, 11/15/2012 12:48:49 PM

Thursday, November 15, 2012 12:48:49 PM

Post# of 842
So what are you saying..Is this stock done??

If they turn in there paperwork, won't it be back up and running?



Not likely. The SEC usually doesn't suspend unless there is evidence of fraud. Definition of Fraud:

Fraud is generally defined in the law as an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage. Fraud may also be made by an omission or purposeful failure to state material facts, which nondisclosure makes other statements misleading.



These suspensions typically occur after one or more company PRs (i.e. false claims), followed by a price run for the stock. Sound familiar? This stock also follows the pattern of having few employees, and billions of shares authorized. All red flags. It's not going to be a simple matter of the company getting up to date on the filings. Now starts a discovery period where the SEC explores the depth of the fraud. Most CEOs end up being fined, and banned from the market. That usually takes 1 yr or many. The stock missing its key players, ends up as a shell.

And to the other poster, it's not the SEC's fault. The SEC did not force anyone to invest in this stock.

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