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Glad this one wasn't one of IHUB's favorites.
SEC SUSPENDS TRADING IN THE SECURITIES OF GENX CORPORATION
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 60227 / July 2, 2009
SEC SUSPENDS TRADING IN THE SECURITIES OF GENX CORPORATION
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of GenX Corporation ("GenX") at 9:30 a.m. EDT on July 2, 2009, and terminating at 11:59 p.m. EDT on July 16, 2009.
The Commission temporarily suspended trading in the securities of GenX because of questions that have been raised about the accuracy and adequacy of publicly disseminated information appearing in stock promotional materials, and elsewhere, concerning among other things, the company's purported partnerships and other relationships with certain individuals and entities.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 5515777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to GenX's securities until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, David R. Herman, Senior Counsel, Division of Enforcement, should be telephoned at (202) 551-4588.
http://sec.gov/litigation/suspensions/2009/34-60166-o.pdf
Trading Suspension: 34-60227 Jul. 2, 2009 GenX Corporation
See also Order
http://sec.gov/litigation/suspensions/2009/34-60227-o.pdf
http://sec.gov/litigation/suspensions.shtml
This is already halted by SEC
MK
What an investment package. Expect heavy dilution when people start buying. Scott Storch is rich enough where this pink sheet idea doesn't make any dollars or cents. This company wants to use the publics money to start. If Scott Storch was smart, and I think he is, they should have started a private joint stock company then move on to a IPO. This spread is off the charts expecting the stupid people to buy 1 share for 200.00. This is too funny. The real money is doing an IPO, not buying a pinksheet and expecting the public to make you rich. They are trying to do a transfer of money, from them to the public.
Any other opinions from the board? This just baffles me.
and the pay off will mostly be Nightmares .. as pinkies go
patient watch here is all really
The brochure says they do not even have a web site yet although the brochure says an IR firm was paid $2.4 million for the publication.
so far they are only a dream...
Big spread...40 cents by $200...does anyone know anything about this stock?
O/S cut, short by sh!tty MMs called. Let's go. Not gonna sell to crooked Investment bankers (MMs). Will hold for a year if necessary. Investment bankers and lawyers equal bane of America.
NXC -- GenX Resource Corporation. Inc.
Com ($0.001)
Search for Dun & Bradstreet reports on this company.
Address:
1917 West 4th Avenue
Suite 587
Vancouver, BC V6J 1M7
CAN
Website: http://www.genxresources.com/
Phone: 604-782-3962
Fax: 888-693-5143
Listings of 4th ave:
1903 West 4th Sam's Market - grocery
1905 West 4th Fourth Avenue Dental Clinic 604-736-2505
1906 West 4th Salvation Army Thrift Store 604-737-2444
1907 West 4th #101 Vacant xxx
1909 West 4th #102 Fido - Pepper Wireless 604-739-3678
1915 West 4th Sundeck K Tanning 604-734-9467
1917 West 4th Mail Boxes Etc 604-731-1048
1919 West 4th Vacant xxx
1923 West 4th Kitsilano Workout Wellness Centre 604-734-3481
1926 West 4th Framing Art Centre 604-732-3097
1926 West 4th Consignment Clothing Immersion 604-739-7633
1926 West 4th Victoria Lampshade Shop
1926 West 4th El Diamante Jewelers 604-630-0007
1926 West 4th Shijo Japanese Restaurant 604-732-4676
1929 West 4th Wanderlust Travel Guide & Maps 604-739-2182
1931 West 4th Guideline Fitness Superstore 604-738-3501
1935 West 4th Kisha Star Japanese Restaurant 604-736-8819
1937 West 4th Upstairs>> Cruise Holidays 604-737-8100
1938 West 4th Kohinoor Tandoori Restaurant 604-733-2713
1941 West 4th Fitness Depot 604-734-2212
1944 West 4th New City Restaurant 604-737-2889
1946 West 4th Crocodile Unique Babystore 604-730-0232
No way!! Your kidding! They don't even have offices?
Spamming...I only posted it on OTCBBalerts with those I trade with on a daily basis...I have only taken an interest in informing people its a scam because my thread was hijacked on HSM to promote this POS...I am not associated with this stock..
Not enuff to drop it 80%. All stocks have sellers. The co. does'nt set the prices, the MMs do. The SEC is laughing. The OTC & pinks are corrupt. The retirement will eventually take effect, however those who are in higher may never recoup completely & the MMs are there to take your losses.
ummmm not! Whoever is running this company is selling. In my opinion of course.
GenX Resource Corporation Reduces Common Shares Outstanding by More Than 50% From 48m to 28m
what if it "is" shorted. all these pennies go down 50% on air. NOBOs worked on a few stocks very well. whats to lose at this point?
Well the problem with this is the fact that a million companies have tried this as a tactic to try and get a lift in their stock price, just do a search on "ordering nobo list", it was big in 2006. I would sure like to see this thing rally back to at least the mid 25's cause it went down so fast a lot of investors are stuck but in reality I think this can have a negative affect because it kind of lets the investor community know that the company is wholeheartedly simply interested in their stock price day to day.
What do others think?
GenX Resource Corporation to Address Potential Naked Short Position in Its Stock
VANCOUVER, British Columbia, Jan. 24 /PRNewswire-FirstCall/ -- GenX Resource Corporation, Inc. (OTC Pink Sheets: GNXC), (Frankfurt 'G8Y' WKN 'AOLCPG'), GNXC has ordered and will be reviewing a current NOBO list from ADP Investor Communications. The NOBO listing, which stands for Non-Objecting Beneficial Owners, allows the company to identify a portion of its beneficial shareholders who maintain their ownership through a brokerage and who have instructed their broker that they do not object to the disclosure of certain ownership information. The NOBO list shows a more complete corporate ownership profile than is available from the transfer agent alone.
GenX believes in maintaining its shareholders' rights and enhancing shareholder value. GenX believes that a NOBO list may provide an insight into the recent peculiarities in GNXC's stock price movements.
good news. NOBO confrontation. Sometimes it causes a stock to really go.
Strange... Write now is the stock price in Germany the same like in usa... who knows more?
yes and yes. eom
This stock is so strange. During three days, with PR, down from $0.40 to $0.18. Is there any manipulation? DO MMs want the cheap shares?
FTS
Seller started Friday. MMs always take advantage.
Well I don't know about zero, it just looks like a lot of stock churning and a lot of shares everywhere. When is the last time you saw a stock trade this volume and go down consistantly when the float is said to be so tight? Something doesn't add up, that's all. Also the changing of Presidents so soon was a little strange also.
good call, this thing looks like it is going to zero.
Well I am selling out of this one guys but best of luck to you. Whenever I have seen big internet hype and heard things are being promoted yet see no price movement on volume or negative price movement on little volume, it has never worked out for me.
As for URXE that is completely different situation but was a great play.
The bottom just fell out, LOL
ok I see what you mean. No retrace up today but can you see this stock doing a URXE type move. URXE also is a junior uranium exploration company and it went from the .40's to 1.25 with a 94 million share count. That would be equivalent to GNXC going to about $2.35 with its 48 million share count.
I referred to keep retracing "up" :)
how low do you think it will go?
It came down 50% on nothing in Dec. Now good buying volume past few days should keep retracing.
+24% today in Germany !!!
http://www.finanztreff.de/ftreff/kurse_einzelkurs_uebersicht.htm?u=3561399&k=vuGjmzo0Qi80ZmNoKaT...
GenX Resource Corp (GNXC.PK), Acquires the McLaren Lake Uranium-IOCG Property
by GenX Resource Corporation on January 17, 2007, 7:04 am
Houston Texas, Jan 17, 2007 -- GenX Resource Corporation, Inc. (GNXC.PK), is pleased to announce it has finalized it's purchase agreement to acquire 100% interest in the McLaren Lake IOGC-Uranium property in the Great Bear Lake area of the Northwest Territories.
The McLaren Lake Project, NWT. Canada
The McLaren Lake project ("McLaren Lake") consists of 6,043 acres in the Great Bear Lake area and is located approximately 430 kilometers north of Yellowknife, NWT at latitude 66.64 degrees N and longitude 116.79 degrees W. McLaren Lake's mineral tenure covers known uranium, silver, and copper mineralization in Proterozoic rock know to be associated with other IOCG deposits worldwide. There are numerous uranium and abundant copper occurrences on the property, which are reported to be 700 feet by 2.1 Miles. Gen X believes the property is consistent with the potential of large tonnage IOCG-uranium type deposits. The Olympic Dam or iron oxide-copper-gold (IOCG) model is proposed as the main exploration model for the McLaren Lake Property in this part of the Great Bear Magmatic Zone. Worldwide the most famous of the Olympic Dam deposits are in Western Australia and the Kiruna Belt of Sweden.
The McLaren Lake property is situated in a geological setting that has the potential to host high-unit-value polymetallic mineralization associated with large-tonnage, IOCG-type deposits. McLaren Lake is located within 50 miles of former producing mines and is in the same structural corridor structure as Eldorado Mine, the Echo Bay Mine, and the Contact Lake Mine. These mines produced, intermittently from 1930 until 1985, over 48 million ounces silver, 15 million pounds of U3O8 and 7000 tons of copper (Strand, 1996). The Contact Lake (Eldorado) project of Alberta Star Development Corp., is being explored for uranium, copper, gold, silver and iron-oxide (IOCG) targets. Alberta Star has commenced a major exploration program, including a minimum of 45,000 feet of diamond drilling. Alberta Star's share price has seen an 480% increase from $0.59 to $2.85 over the past year. The current spot price for uranium is $72 US per pound.
The McLaren Lake property has numerous uranium occurrences with reported values as high as 0.43% U3O8. Including 11 copper showings seen over 2 1/2 miles with numerous of these rating as high grade copper zones as high as 17%.
Along with these substantial showings, it also has shown values of 0.22 oz/ton of Silver.
The terms of the purchase agreement for 100% interest in the property requires the company to make cash payment of $75,000 and to issue 200,000 restricted common shares to the Vendor, Mike Magrum. GenX is among other mineral exploration companies in the area to successfully acquire and control a land package in this mineral rich region of the Northwest Territories. "With the addition of this impressive property in the Great Bear Lake Area, we feel that Genx is situated in a region of tremendous potential," says Scott Carlson, President of Genx. "We are aggressively moving forward to add shareholder value to this company."
About GenX Resource Corp:
GenX Resource Corporation, Inc. is incorporated under the state laws of Nevada, United States. GenX is a diversified junior resource exploration company company with specific focus on mineral properties in North America. GenX's main objective is to acquire mineral concessions, finance their exploration and bring these concessions into commercial production by way of joint venture or option agreements or through a combination of both.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
Qwoter Website http://www.qwoter.com
Qwoter GNXC.PK Profile http://www.qwoter.com/profiles/item.php?id=29&dir=1 GNXC.PK Website: Web site: www.genxresources.com
About Qwoter.com and Qwoter Wire
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CONTACT: Lynx Consulting for GenX Resource Corporation, Inc. Tel: +1 866 210 4671
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