Replies to post #183 on NewGen BioPharma Corp. (NEWG)

[lucky, mydog]

it seems pump and dump may not have been the issue. according to the sec.....

The Commission temporarily suspended trading in the securities of NewGen BioPharma because
of questions regarding the accuracy and adequacy of publicly available information about the
company, specifically (i) the identity of its former sole executive officer, director, and majority shareholder; and (ii) possible undisclosed former and current controlling persons

[TenKay]

The SEC doesn't suspend to protect existing investors in the stock. They have already made their bet. They also know the suspension will hurt them which is why they do it relatively infrequently given the number of scams in the otc. But when they decide to do it...it's pretty much a slam dunk case...or low hanging fruit as they say.

At that point protecting potential investors becomes more important.