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learn how the grey market works.
So any of advice for the unfortunate people left holding the stock during the suspension?
I hope nobody trades this pile of poo poo. The company is a scam. Not the first time they've done this. I tried booking their All-Inclusive Resort...thieves
Took a $2000 Loss on this crap. Sold at .07. Thought this pump and dump would have been better. Live and learn lol. Hope most of you got out like I did and weren't left holding the bag
It will open somewhere around .005 if there are any buyers
From SEC website on Suspensions.
http://www.sec.gov/investor/alerts/tradingsuspensions.pdf
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about the SEC’s rules and regulations related to trading suspensions. The federal securities laws generally allow the SEC to suspend trading in any stock for up to ten business days. This bulletin answers some of the typical questions we receive from investors about trading suspensions. A list of companies whose stock is currently subject to an SEC trading suspension, or which previously has been subject to an SEC trading suspension, may be found
here.
Why would the SEC suspend trading in a stock?
The SEC may suspend trading in a stock when the Commission is of the opinion that a suspension is required to protect investors and the public interest. Circumstances that might lead the Commission to suspend trading include:
??A lack of current, accurate, or adequate information about the company, for example, when a company is not current in its filings of periodic reports;
??B. Questions about the accuracy of publicly available information, including in company press releases and reports, about the company’s current operational status, financial condition, or business transactions;
??C. Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock.
Why couldn’t the SEC forewarn investors that it was about to suspend trading in a stock?
The SEC cannot announce that it’s working on a suspension. We conduct this work confidentially to maintain the effectiveness of any related investigation we may be conducting. Confidentiality also protects a company and its shareholders if the SEC ultimately decides not to issue a trading suspension. The SEC is mindful of the seriousness of suspensions, and carefully considers whether it is in the public interest and for the protection of investors to order a trading suspension.
Investor Assistance (800) 732-0330
www.investor.gov1
What happens when the ten-day suspension period ends?
The SEC will not comment publicly on the status of a company when the ten-day suspension period ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public would not know if the SEC is continuing its investigation unless the SEC publicly announces an enforcement action against the company.
Furthermore, when an SEC trading suspension ends, a broker-dealer generally may not solicit investors to buy or sell the previously-suspended over-the-counter (“OTC”) stock until certain requirements are met. Before soliciting quotations or resuming quotations in an OTC stock that has been subject to a trading suspension, a broker-dealer must file a Form 211 with the Financial Industry Regulatory Authority (“FINRA”) representing that it has satisfied all applicable requirements, including those of Rule 15c2-11 and FINRA Rule 6432.
Among other things, Rule 15c2-11 requires broker-dealers to review and maintain certain documents and information about the company, including in certain cases:
???the company’s state of organization, business line, and names of certain control affiliates;
???the title and class of the securities outstanding; and
???the company’s most recent balance sheet and its profit and loss and retained earnings statement.
No broker-dealer may solicit or recommend that an investor buy an OTC stock that has been subject to a trading suspension unless and until FINRA has approved a Form 211 relating to the stock. If there are continuing regulatory concerns about the company, its disclosures, or other factors, such as a pending regulatory investigation, a Form 211 application may not be approved.
However, limited or “unsolicited” trading can occur in an OTC stock that has been subject to a trading suspension after the suspension ends but before a Form 211 is approved. This may allow investors to trade the stock when a broker or adviser has not solicited or recommended such a transaction. Even though such trading is allowed, it can be very risky for investors without current and reliable information about the company.
Will trading automatically resume after ten days?
It depends on the market where the stock trades. Different rules apply in different markets.
For stocks that quote in the OTC market (which includes stocks quoted on the Bulletin Board and OTC Link (f/k/a Pink Sheets)), quoting does not automatically resume when a ten-day suspension ends. Before OTC stock quoting can resume after a suspension period, SEC regulations require a broker-dealer to review specific information about the company in accordance with Exchange Act Rule 15c2-11 and FINRA Rule 6432. If a broker-dealer does not have confidence that a company’s financial statements are reasonably current and accurate in all material respects, especially in light of the questions that may have been raised by the SEC suspension action, then a broker-dealer may not publish a quote for the company’s stock. The OTC markets function through dealer systems where only broker-dealers may quote and facilitate trading in OTC stocks.
In contrast to stocks that trade in the OTC market, stocks that trade on an exchange resume trading as soon as an SEC suspension ends.
Investor Assistance (800) 732-0330
www.investor.gov
If the suspended stock resumes trading, why is it trading at a much lower price?
The trading suspension may raise serious questions and cast doubts about the company in the minds of investors. While some investors may be willing to buy the company’s stock, they will do so only at significantly lower prices.
Take precautions following an SEC trading suspension: Check for reliable information.
Investors should be very cautious in considering an investment in a stock following a trading suspension. At the very least, investors should assure themselves that they have current and reliable information about a company before investing.
Research the Company: Always research a company before buying its stock, especially following a trading suspension. Consider the company’s finances, organization, and business prospects. This type of information often is included in filings that a company makes with the SEC.
Review the Company’s SEC Filings: This information is free and can be found on the Commission’s EDGAR filing system. Some companies are not required to file reports with the SEC. These are known as “non-reporting” companies. Investors should be aware of the risks of trading the stock of such companies, as there may not be current and accurate information that would allow investors to make an informed investment decision.
Be Skeptical: Investors should always ask why someone provides them a “hot” tip. Investors should also do their own research and be aware that information from online blogs, social networking sites, and even a company’s own website may be inaccurate and sometimes intentionally misleading.
If current, reliable information about a company and its stock is not available, investors should consider seriously whether this may be a good investment.
Why would the SEC suspend trading of a stock when it knows that such action will hurt current shareholders?
The SEC suspends trading in a security when it is of the opinion that the suspension is required in the public interest and to protect investors. Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes that the public may be making investment decisions based on a lack of information, or false or misleading information. A suspension may prevent potential investors from being victimized by a fraud.
How can investors find out if the stock will trade again after a suspension?
Investors can contact the broker-dealer who sold you the stock or a broker-dealer who quoted the stock before the suspension. Ask the broker-dealer if it intends to resume publishing a quote in the company’s stock.
If there is no market to sell my security, what can investors do with their shares?
If there is no market to trade the shares, they may be worthless. Investors may want to contact their financial or tax advisers to determine how to treat such a loss on their tax returns.
www.investor.gov
Investor Assistance (800) 732-03303
What can investors do if the company acted wrongfully and they have lost money?
If investors want to get their money back, they will need to consider taking legal action on their own. The SEC cannot act as their lawyer. Investors must pursue all of their legal remedies themselves or with the assistance of legal counsel they engage themselves. For more information about how to protect your legal rights, including finding a lawyer who specializes in securities law, read our flyer, How the SEC Handles Your Complaint or Inquiry. To learn how to file an arbitration action against a broker-dealer, investors can contact the Director of Arbitration at FINRA. FINRA also offers mediation as an option before going to arbitration.
Where can investors get information about trading suspensions?
Investors can find a list of companies whose stocks have been suspended by the SEC since October 1995 on our website.
How can investors learn more?
We offer educational materials so that investors can develop an understanding of the securities industry and learn how to avoid costly mistakes and fraud. Our educational materials also provide tips on how investors can invest wisely. Investors can order our free publications by calling (800) SEC-0330, or access them on the Internet through the SEC’s Investor. gov website. For additional educational information for investors, see the SEC’s Investor.gov website or the Office of Investor Education and Advocacy’s homepage. For additional information relating to trading suspensions and the risks of investing in low-priced stocks, see: • Our publication, Microcap Stock: A Guide for Investors • SEC Trading Suspensions: http://www.sec.gov/ litigation/suspensions.shtml • Company filings with the SEC • Section 12(k) of the Exchange Act • Exchange Act Rule 15c2-11; FINRA Rule 6432 • Form 211
TRADING IN STOCK AFTER AN SEC TRADING SUSPENSION — BE AWARE OF THE RISKS
08/30/2010
Investors should be very cautious when considering trading in stock after the SEC has suspended trading in the shares. An SEC trading suspension is a “red flag,” often indicating the SEC has concerns about the information that the company has been providing to the public. By law, an SEC suspension usually ends after ten business days, even if the company has not provided current, accurate information about itself. However, when a company does not provide current, reliable information about itself and its finances, trading its shares can be very risky.
Why Would The SEC Suspend Trading In A Stock?
The SEC may suspend trading in a stock when the Commission is of the opinion that a suspension is required to protect investors and the public interest. Circumstances that might lead the Commission to suspend trading include:
A lack of current, accurate, or adequate information about the company, for example, when a company has not filed any periodic reports for an extended period;
Questions about the accuracy of publicly available information, including in company press releases and reports, about the company’s current operational status and financial condition;
Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock.
How Long Do Trading Suspensions Typically Last?
The Securities Exchange Act of 1934 authorizes the SEC to suspend trading in a stock for up to ten business days. A list of companies whose stock is currently suspended, or which have been subject to an SEC suspension, may be found here.
What Happens After A Trading Suspension Ends?
When an SEC trading suspension ends, a broker-dealer may not solicit investors to buy or sell the previously-suspended stock until certain requirements are met. Before soliciting trades or resuming quotations in a stock that has been subject to a trading suspension, a broker-dealer must file a Form 211 with the Financial Industry Regulatory Authority (“FINRA”) representing that it has satisfied all applicable requirements, including those of Rule 15c2-11.
Among other things, Rule 15c2-11 requires broker-dealers to review and maintain certain documents and information about the company, including:
the corporation’s organization, operations, and control affiliates;
the nature of the securities outstanding and being traded; and
the issuer’s most recent balance sheet and its profit and loss and retained
earnings statement.
No broker-dealer may solicit or recommend that an investor buy shares in a stock that has been subject to a trading suspension unless and until FINRA has approved a Form 211 relating to the stock. If there are continuing regulatory concerns about the company, its disclosures, or other factors, such as a pending regulatory investigation, a Form 211 application may not be approved.
However, limited or “unsolicited” trading can occur in a stock that has been subject to a trading suspension after the suspension ends but before a Form 211 is approved. This may allow investors to trade the stock when a broker or adviser has not solicited or recommended such a transaction. Even though such trading is allowed, it can be very risky for investors without current and reliable information about the company.
Take Precautions Following An SEC Trading Suspension: Check For Reliable Information.
Investors should be very cautious in considering an investment in a stock following a trading suspension. At very least, investors should assure themselves that they have current and reliable information about a company before investing.
Research the Company: Always research a company before buying its stock, especially following a trading suspension. Consider the company’s finances, organization, and business prospects. This type of information often is included in filings that a company makes with the SEC.
Review the Company’s SEC Filings: This information is free and can be found on the Commission’s EDGAR filing system.
Beware of Companies that do not File Reports with the SEC: Some companies are not required to file reports with the SEC. These are known as “non-reporting” companies. Be aware of the risks of trading the stock of such companies, as there may not be current and accurate information that would allow you to make an informed investment decision.
Be Skeptical: Whenever someone gives you a “hot” tip, always ask why. Make sure that you do your own research. Keep in mind that information from online blogs, social networking sites, and even a company’s own website may be inaccurate and sometimes intentionally misleading:
If you cannot obtain current, reliable information about a company and its stock, this may not be a good investment for you.
Additional Information
For additional educational information for investors, see the SEC’s Office of Investor Education and Advocacy’s homepage. For additional information relating to trading suspensions, also see:
SEC Trading Suspensions: http://www.sec.gov/litigation/suspensions.shtml
Brochure: Trading Suspensions! When the SEC Suspends Trading in a Stock
Company filings with the SEC
Section 12(k) of the Exchange Act
Exchange Act Rule 15c2-11
Form 211
The Office of Investor Education and Advocacy has provided this information as a service to investors. It is neither a legal interpretation nor a statement of SEC policy. If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law.
https://investor.gov/news-alerts/investor-bulletins/trading-stock-after-sec-trading-suspension-be-aware-risks
trading will resume on the grey market on wed. 4/19/17.
Are we going to be able to get out of this stock? .02..
it's not punishment but they certainly are victims of a scam.
The sec just suspended my stock, now what?
http://www.theotc.today/2013/11/the-sec-just-suspended-my-stock-now-what.html
some actually had indicated profitable buying trading opportunities.
frontloading schemes and pump and dumps always show that.
The following stocks were all indicated profitable buys right now looking at the charts
Source list: "OTC Stocks Currently Undergoing Promotion" http://www.theotc.today/
REPCF 0.7490
SHOM 0.0012
EPAZ 0.0100
UPPR 0.5450
KOSK 0.0200
IFBC 0.01127
ADAC 0.0800
DTGI 0.6100
NWGFF 0.1069
MKAU 0.0144
EURI 0.0400
WRFX 0.0074
CDIF 0.1630
UCPA 0.0019
EVSV 0.0003
MJTV 0.0099
WDRP 0.01085
HAON 0.0022
Hope everyone holding bags on this blows the whistle to the SEC. these dirtbags need to be taught a lesson.
Thanks for the link to http://www.theotc.today/ the list of current promotions there is useful.
I typed a few into my charts and some actually had indicated profitable buying trading opportunities. Some of these would be in my scan results somewhere regardless of promotion or listing on the site.
However this list also has shown to have at least one symbol that garnered suspension action.
So what is the real lesson here, right now the best I can see is that there is a small portion of the promotions that get suspended. The decision making process that selects one over others is unknown and not easily explained.
So if one would like to trade them accept that once in a while the chart may be halted, so don't trade with money one can't afford to lose and trade a few not just one of them if focusing on the list.
The suspensions usually cause bearish gap downs on trade resumption, so this site would be particularly useful to those who short. I can see the mentality on the site is geared to that audience.
There was plenty of warning out there http://www.theotc.today/2017/03/euri-nal.html
stocktrademan, Thanks for the link. That's one reason I never play the pumps/email campaigns just a bunch front loading of crooks.
I think I found it by searching for Ian Phelps and EURI on a seperate message. Here's the link, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130158960
Thanks for pointing the board out I will have to read up on the messages and see if I can find any new insights.
all three of those stocks are related. go back again and follow the thread.
Thanks for the reply, but not sure I understand the link you provided goes to some unrelated symbols. Could you care to clarify if I am not noticing something obvious thanks.
Wonder what singled this symbol out.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130154461
Well that was random, oh well guess we will see how the chart does on Wednesday April 19th when the suspension is over. Wonder what singled this symbol out. The notice also curiously emphasizes the company is from Romania.
Not concerned didn't buy this one yet but was watching the chart. Will be interesting to see if the suspension affects any technical indicators.
I'm very interested in being able to quantify and measure such active suspension risk especially after observing past instances, however it remains elusive.
EURI SEC Suspension:
https://www.sec.gov/litigation/suspensions/2017/34-80367.pdf
Excerpt:
The Commission temporarily suspended trading in the securities of EURI because of concerns regarding the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in EURI’s common stock.
Order:
https://www.sec.gov/litigation/suspensions/2017/34-80367-o.pdf
Going once, going twice ... and its a Halt!! Trading in this security is currently halted.
or, will it be suspended?
Does it get to .02 today or will it glide gracefully thru .03, much like any old row boat in the frozen North Atlantic.
Hope you are not still holding the bag here.
A hunch? Or do you have any data to support your position? Just curious. Thx
Good luck. Your the only one here , be at a penny monday.
Things are a bit different this time. Hopes of a hotel, and currently being sold out of their reed stock are
Gap down in (2) sessions, March 16/17th and March 22/23rd, range (1) ~ .13 - .15, and range (2) ~ .21. The technical data suggests these gaps will be filled. Just because the pumpers pumped and dumped doesn't mean it's dead. It brought awareness, investors, weak hands, and shorts. Proceed with caution and limit you risk with a stop order.
Penny experts is OK if u get in and out.But that crap about,I'll stake my reputation on it is a joke.Dont ever feed into that bull!He's not worried about his rep.All he's worried about is the money there paying him to promote the stock!
Short squeeze coming up my balls. By far the most pathetic promotion by Penny experts
No more emails coming in from the pumpers, thats usually a bad sign, ive sold my shares at a small loss, but ive seen this before, IMO this is a sinking ship and its down hill from here. All in my opinion
Look back last year they announced they were gonna build a multi million $ hotel. What happened.
What a scam, pennystockexperts they play the opposite side of the stock they promote.
That's the 3rd time they announced this "news"
BREAKING NEWS: EURI ANNOUNCES BREAKING NEWS. READ NOW!
Good day,
Didn’t I tell you that EURI could surprise us at any moment? Here it is ladies and gentlemen.
EURI just made an unexpected announcement a few minutes ago and the stock is already climbing off its low today.
PR Here: http://www.prnewswire.com/news-releases/agrieuro-corp-has-sold-out-its-reed-harvest-and-announces-expansion-plans-300431950.html
The company announced that it has sold out its entire reed harvest for this year and is expecting to triple the next harvest thanks to 2 machines it is adding.
On top of that they announced that they are building reed roofing in Germany for government historical buildings.
The company is growing at a super rapid pace and I believe that the stock price will follow very soon.
The stock is poised to go to 15 cents in the next few hours based on this news, you need to act very quickly and buy as many shares as you can RIGHT NOW before you miss the boat!
Sincerely,
Teddy Little
Chief Analyst
AmazingPennyStockPick.com
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