Shamika 2 Gold, Inc. (fka SHMX)

[1manband]

Looks like SHMX is about to make a huge run

I guess not, huh?

Hopefully people heeded the warning about the imminent revocation and stayed far, far, FAR away from this scam.

[spudsuds]

Awesome news..
03/16/2016 08:32:20 12(j)Registration Revoked by SEC 03/16/2016 08:32:00 SHMX Shamika 2 Gold, Inc. Common Stock

[1manband]

Thanks Renee. It was long overdue, especially since the SEC had done it earlier but the "new management" objected and promised the ALJ they would get the filings up-to-date. It was all another lie - they did absolutely nothing, which forced the SEC to go through the process a second time 10 months later. That just spent additional taxpayer money and Staff time, but at least they finally killed off another insider enrichment scheme. And it is another example of a toxic death spiral issuer that has finally died, as they always do.

Good riddance.

[Renee]

SHMX revoked:

https://www.sec.gov/litigation/admin/2016/34-77377.pdf

[1manband]

My god, how is possible to steal people like that legally ?

Because it was all disclosed in the Company's SEC filings? If someone had taken just a few minutes to read them they would have known SHMX was just a POS and would never have bought the stock in the first place.

The people who had their money "stolen" here bear a large part of the blame for failing to do their DD.

[RussTheBus]

Just living the dream really. Imagine, making a whole bunch of money and all you have to do is avoid a lazy government agency

[osaffer]

oh yes for sure ... I would say 99% are scams ...

My god, how is possible to steal people like that legally ?

[1manband]

Penny stocks bro. They're all scams.

No, they are not. But a very high percentage of them are either scams or insider enrichment schemes, and 100% of them are very risky. A quick review of the SEC filings should be able to identify the ones that are outright scams and enrichment schemes, but too many people ignore their most useful tool - the SEC filings.

If people had actually taken a couple of minutes to read SHMX's SEC filings, they would never have bought the stock and been stuck holding worthless wallpaper.

[RussTheBus]

Penny stocks bro. They're all scams.

[1manband]

The reason it took a year was because the "new management" fought the initial revocation order and promised to catch up on the filings. Obviously, that was a lie, most likely just to grant them extra time to dump as much new stock as they could. The SEC finally ran out of patience with the scammers when they made no attempt to do anything and are shutting this fraud down for good.

SHMX was a fraud from Day 1. It was designed to funnel cash from investors and, later, the toxic death spiral funders, right into their own pockets. Which they did in spectacular fashion.

[RussTheBus]

Only took a year for the initial revocation claim to be accurate. I feel like i have that quality of soothsaying skills lol.

[NorkYork]

What about your experience here? is it good?

[1manband]

The SEC is revoking the stock. The current ruling from the Judge was January 27th, which means the stock will disappear any time from 21 days afterwards.

"IT IS ORDERED that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, 15 U.S.C. § 78l(j), the REGISTRATION of the registered securities of RKO Resources, Inc. (a/k/a Shamika 2 Gold, Inc.), IS REVOKED."

https://www.sec.gov/alj/aljdec/2016/id945cff.pdf

Good riddance. The stock was an insider enrichment scheme/scam from day 1.

[spudsuds]

Low volume today. Great consolidation. Looks like SHMX is about to make a huge run.

[spudsuds]

This is the week SHMX breakout.... Going to the moon... $1 pps by Feb.

[RussTheBus]

Look it traded today! I'm no expert here but....i guess neither is anyone else hahaha

[RussTheBus]

Yet here it is. Alive. Lolololol

[spudsuds]

Just keeping the dream alive brother

[RussTheBus]

*pushes nerd glasses on face*

The SEC will stop allowing SHMX to trade once they revoke their title forever. I'll keep saying this as often as possible until it comes true. I'm an expert, you know.

[spudsuds]

Things really picking up here SHMX. Should see silver in 2016. To Da Moon

[RussTheBus]

Lol

[1manband]

It won't trade for much longer. Once the SEC revokes the registration, which is currently in process, it will stop trading. Forever.

[spudsuds]

Been that way for months. Still trading though

[1manband]

Once the registration is revoked by the SEC, it will cease to trade anywhere. The stock will be worthless.

The revocation is currently in process. RKO is arguing they should not be revoked, and yet they have done NOTHING to satisfy their current reporting obligations, much less their long past due filing obligations. There is little chance it will not be revoked, which could happen as soon as the end of the month.

[spudsuds]

Still trading on the Grey Market

[1manband]

The SEC is revoking the registration. The Company will disappear forever soon.

[spudsuds]

This baby is ready for lift off.

[spudsuds]

122 shares sold today. Go SHMX

[M_agnat/eria57]

I am still waiting for shamikas BOOOOM!!
iF You nows somethink let Us now !
merry Christmass to someone

[spudsuds]

Ok Friday wasnt the day we all hoped for but again it was a Friday. Closed even after 2 green days is not a bad day at all. Great consolidation going on SHMX.

[spudsuds]

Another great day SHMX. Ive been adding on every dip. Should see copper soon.

[spudsuds]

Good day here today SHMX. Nice volume with monster bid support. Things really looking up. I see copper soon.

[xyz1002]

That's good news actually. If there is an emial, we should ask-what the hell is going on. Thanks.

[spudsuds]

Nope they are still in litigation with old accountant from my understanding.

[xyz1002]

But why would anyone buy shares to begin with? Is anything happening here?

[spudsuds]

Someone bought shares on the grey market

[xyz1002]

This is crazy. How come the volume trade keeps increasing? It was 100k in the morning and now at 1.1M.

[spudsuds]

SHMX new ticker symbol SHIT. Get in while its hot.

[M_agnat/eria57]

SHMX COME BACK WITH a several CENTS when world start changing for better way !!!!!!!!

[osaffer]

Lol 0.002 Good Joke

[RussTheBus]

Maybe it will try magic trick.

[1manband]

Reusing the ticker has zero to do with this company. Tickers are reassigned all the time, but the new company's shares are not the old company's shares. The old company is dead. The Company has been revoked - we are just waiting on the judge to sign the final order, which could happen at any time. And when that happens, the ticker will not come up with anything.

[RussTheBus]

Can you REALLY say forever? In 300 years they wont let someone use the ticker name? I find that hard to believe.

[1manband]

Liftoff? The stock is currently in the process of being permanently revoked by the SEC. It not only will not be going up to anything, it will disappear forever very soon.

[Zelda Capitals]

Just need a spark of volume for lift off.

[M_agnat/eria57]

I hope Shamika will be about 5Cents , how You think ? When??

[1manband]

Post-close OTC pricing has been screwy for some time. The feed that I-Hub uses seems to be inaccurate at times on both price and volume. That is particularly true of gray market stocks like SHMX where there is no bid/offer.

I don't believe SHMX has traded a single share in almost 2 months. It may never trade another share before the SEC revokes the stock - permanently. There is little interest in buying a soon to be revoked stock.

[M_agnat/eria57]

Why its indicate .002$

[kimopro]

It can reapply...

[1manband]

Anyone with news here.

Besides that "new" management is just like the old one - lying at every turn?

http://www.sec.gov/litigation/apdocuments/3-16525-event-8.pdf

No question the SEC is right and the Administrative Law Judge will not vacate the default judgment. And even if they beat the odds and they did vacate the judgment, the judge will still ultimately revoke the company - they have no defense.