is...(Ghosting)
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Pixelmags -
Attract, Capture, Engage, Monetize.
May 25, 2018
Perfectly explained VapeDog, ply that google link is gold.
HoboWilly- since there is a lack of public evidence in your opinion. You must believe SPCL is not interested in raising funds publicly. Is there anything else you can add to this other than POS SCUMBAG?
North American Cannabis and Puration to Present Dividend Distribution Details in Shareholder Presentation Thursday, May 31st
Looks like the new issuance of Shares will be attached to Cannabis Cultivation.
SEC document stating Date, Time, Judge is “not good enough” evidence for a HoboWilly. HoboWilly - what would be “good enough” evidence for you? CEO & the Judge coming over to your house for tea and litigation? Nothing I or anyone can present you with will convince you of what you obviously convinced your self. In that case; layout for me “what is really going on here” to the best of your ability. I would like to see the situation through your eyes.
Post #98022
Bears layer and I are in agreement with the interpretation of the legality.
IT IS FURTHER ORDERED that the parties confer and notify the presiding judge of a suggested date and time for a prehearing conference which will be conducted telephonically unless the parties prefer otherwise.
They are no requirements to have a premeeting teleconference. The premeeting teleconference to take the place of the hearing. It is optional to have the premeeting teleconference.
Then why did SPCL set up a time with the Judge just to skip out on the proceeding?
PKGM shareholders need some solid data about how PocketChain Sever Center is doing (Pictures/ Address / Mining Rig Count / ... )? Where are we on setting up the CloudMining (Service/Website)? Is there any way we can get Monthly/Quarterly updates on current Business/Subsidiary goings on?
I was around the last time shares were issued by USMJ the PURA share Distribution. I hope this distribution is attached to Cannabis Production Facilities. Slowly building a Cannabis portfolio with this stock. I would like to see USMJ climb in price, but some significant reduction in Dept would need to occur first. I like seeing the outstanding shares @ 12.5 Billion that is about 25% of total authorized shares. In My Opinion - this is a long haul stock. Not going to see significant gains for 5+ years.
Good luck to all
IT IS FURTHER ORDERED that the parties confer and notify the presiding judge of a suggested date and time for a prehearing conference which will be conducted telephonically unless the parties prefer otherwise.
HoboWilly I agree it would be nice to hear from Corporate on how they are handling the SEC 10 Day Temporary Halt.
Lucky for us the SEC has a link where we can see where we are in the process. https://www.sec.gov/litigation/apdocuments/ap-3-18489.xml
Trading will be possible June 1st you can submit a Buy/Sell at a given price Day/GTC. Just as you have been before the Temporary 10 Day Halt. From the look of things there will be no Market Makers streamlining the process of trading (No Trade Matching). In My Opinion- the Greys are not the worst place to be, a lot of IPOs start here. There are just less players due to the greater levels of risk. Greater the Risk, Greater the possible Reward.
In My Opinion the Gray Sheet Stock Market is a place where Stocks go to be Born or to be put on Standby.
I am in agreement with this quote “I am thinking though that many such companies would have been, or will likely be, targets to be merged with, or bought out by, larger companies if such super products, or patents, are actually in development that are worth their weight in gold.”
Here is some other quotes for those that are still questioning the Gray Market
http://www.extraordinaryinvestor.com/grey-sheets.html
“Shares of such penny stocks are privately held and restricted from being sold publicly unless such company files a 504 of Regulation D and meets basic qualifications; for instance, have a concrete plan of operation, and a certain number of private stocks being held for at least one year, and a planned sale of shares worth no more than $1 million. The benefit of the public offering of stock is to raise capital for operations.”
“Actually most Gray Sheet stocks are not IPO's. But many are start-ups and some are spin-offs.”
“Although companies with a history may have had serious past problems, they may still have novel and exciting developmental product(s) in the making that could become in high demand.
And/or the company may have pulled out of their past problems and are now productive valued companies that choose to remain on the Grey Sheets.
I am thinking though that many such companies would have been, or will likely be, targets to be merged with, or bought out by, larger companies if such super products, or patents, are actually in development that are worth their weight in gold.”
SEC 10 day suspension = trading Halt
https://www.sec.gov/investor/alerts/ib_delinquent_filers.htm
“Section 12(k) of the Exchange Act gives the SEC the authority to suspend trading in a security for up to 10 trading days if the SEC believes that a suspension is required to protect investors and the public interest. A trading suspension by the SEC halts the trading in a security on all trading platforms (e.g., national securities exchanges, over-the-counter market, or alternative trading systems). “
The Run was 08/31/2016 after ownership changed hands and a big buyer got in the game. The big buyer most likely still have half the shares they originally acquired.
Great chart website to confirm what I stated above;
https://www.tradingview.com/
This board is ment for PKGM commentary
You should read more...
https://www.fool.com/investing/general/2015/04/16/do-reverse-splits-ever-work.aspx
SEC Temporary Halt
https://www.sec.gov/litigation/admin/2018/34-83262.pdf
Needing to file working address and 10q (financials)
Administrative Proceedings
https://www.sec.gov/alj/aljorders/2018/ap-5740.pdf
Where to keep track of SPCL SEC 10q cleanup
https://www.sec.gov/litigation/apdocuments/ap-3-18489.xml
Filings
https://fintel.io/filings/us/spcl
another source for verification purposes
https://www.marketwatch.com/investing/stock/spcl/secfilings
And another source for verification purposes
http://quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=spcl
In My Opinion -
Long,Hold,Short ... where ever you sit, the Temporary 10 day Halt will force SPCL to put their cards on the table. Due Diligence show (Solaris Power Cells / PixelMags) are working to build value. To know exactly how much value the 10q financials will need to be filed. Tracking SPCLs action in response to the SECs halt (link provided); SPCL has been working and will continue to work to be current
The FINRA halt comes after a SEC halt. It is what sends Stocks to the Grays, & what requires the 211 form for reinstatement of Market Makers. LineItemVeto, you have some reading to do, & I gifted you the link you chose not to read. I know you did not read it because the second to last sentence explained this that I am now spoon feeding you.
VAPEDOG
There was a lot of DD on the board. Before the Android App the DD elaborated That the Minimum income earned per subscription multiplied by the number of subscribers minus liabilities divided by Authorized Shares. That gave me the $0.28 estimate. Knowing the Android Market is 500% larger than the iOS usage, I extrapolated the $1.65 estimate, but I did not expect them to reach that level until 3-4 months after Android App relies. I know my number is off because it does not take in account Windows users, and subscribers like Auto Repair Shops / Dealerships, and other Technical Manual subscribers.
All estimates and assumptions.
Not sure what this new event will effect the stock (IPO or Delisting). I am betting on IPOish release with possible ticker change / all financials / possible sales of proprietary technology.
Good luck to all SPCL
P.S.
off topic Great DD on all the Vert plays (SPCL / PKGM). If there are anymore out there let me know. Vert does good work. IMO
Standard Deviation - The primary thought going through my head as my roll as a Financial Risk Manager.
I first got into SPCL because of a technical paper I read on the PESA System, well before PixelMags was a part of the picture. I decided to buy because the tech for Energy Storage was so ahead of its time. When PixelMags was hinted at being picked up by SPCL, SPCL took off 10 Standard Deviations. That is the moment I locked onto profit and still held the stock I currently hold. 2 years have passed since then, I still have the shares. PESA & PixelMags hold a Natural Value not reflected in the price before the halt, so I held, & plan to hold. I am one of the lucky ones that made money on this venture. When June 1st / 11th rolls around I am not sure what Standard Deviation SPCL will hit [252 Days 10 STD Dev(0.0113 or -0.0072)]. I still believe the natural value of this stock is between (0.28 & 1.65). No way to know until the event risk occurs. Risk the more that is present the greater the reward.
Impatiently waiting SPCL. GOOD LUCK TO ALL
ORF Trading Halts
http://www.finra.org/industry/orf/orf-trading-halts
FINRA will review and evaluate available information to determine whether a trading and quotation halt in an OTC Equity Security is appropriate under the terms of FINRA Rule 6440 (Trading and Quotation Halts in OTC Equity Securities).
Pursuant to FINRA Rule 6440, in circumstances in which it is necessary to protect investors and the public interest , FINRA has been granted authority to halt trading and quotations in OTC securities (as such term is defined in FINRA 6420) if:
The OTC Equity Security or the security underlying an American Depository Receipt ("ADR") that is an OTC Equity Security ("OTC ADR") is listed on or registered with a foreign securities exchange or market, and the foreign securities exchange, market, or regulatory authority overseeing such issuer, exchange, or market, halts trading in such security for regulatory reasons because of public interest concerns or for news pending; provided, however, that FINRA will not impose a trading and quotation halt if the Foreign Regulatory Halt was imposed solely for a regulatory filing deficiency, or operational reasons ("Foreign Regulatory Halt");*
The OTC Equity Security or the security underlying an OTC ADR is a derivative or component of a security listed on or registered with a national securities exchange or foreign securities exchange or market ("listed security") and the national securities exchange, or foreign securities exchange or market imposes a trading halt in the listed security ("Derivative Halt"); or
FINRA determines that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the OTC Equity Security or the security underlying an OTC ADR or has caused or has the potential to cause major disruption to the marketplace and/or significant uncertainty in the settlement and clearance process ("Extraordinary Event Halt").
* Non-US exchanges, markets and regulatory authorities are under no obligation to report halts or other information pertaining to securities in their markets to FINRA.
In addition to the authority granted by FINRA Rule 6440, FINRA will suspend trading in an OTC Equity Security in conjunction with an SEC-initiated trading suspension.
For any questions or issues related to trading halts, please contact FINRA Operations Department at (866) 776-0800.
8k s were coming out once a month, then a couple days after the last 8k there was a halt. The alt was because the SEC was sending requests for financials to the 10q from 2016 had the old address. The most recent 8k had the correct address.
In My Opinion- the judge proceeding over the halt hearing will say that SPCL was working with the SEC & there was an error in communication. If SPCL has the financials, and fills out all necessary paperwork and present the paperwork in the hearing, all will be forgiven ... but of course there will need to be a filing with FINRA to register their old 5 Market Makers. Could take up to 90 days after paperwork is filed. The paperwork will only be able to be filled after the June 11th halt hearing.
I have free shares after I took profit. If you are selling odds are I will be scooping them up. Like my father said to me “You can’t get hit by lighting if you don’t stand out in a field during a thunder storm”. He was referring to a lotto ticket.
You do you, but I’m standing out in that field
Impatiently waiting SPCL
Going out to Neil ... it’s time for the big dance ... we will all be in the money if SPCL has its $#;t together;
I can not agree more ... I currently am freeing up some cash from other positions for picking up some bargain basement deals. SPCL Might fall to 2 Standard Deviations putting the in price @ 0.0002. I will be scraping the bottom @ 0.0001 with my buy order GTC. All 3million shares I currently have will be dwarfed after this pickup. Tired of riding my free share ... time to re-up.
As for SPCL ... this is going out to you
In My Opinion -
Persuent to Section 25(a)subsection (5) “... supplemental record containing any new evidence, any further or modified findings, and any new order. “ All missing financials will be filed, the request for Ticker Symbol change, & any other sales/restructuring filings will occur.
THE SECURITIES EXCHANGE ACT OF 1934
https://legcounsel.house.gov/Comps/Securities%20Exchange%20Act%20Of%201934.pdf
Sink or Swim
Impatiently waiting SPCL
In My Opinion -
Persuent to Section 25(a)subsection (5) “... supplemental record containing any new evidence, any further or modified findings, and any new order. “ All missing financials will be filed, the request for Ticker Symbol change, & any other sales/restructuring filings will occur.
THE SECURITIES EXCHANGE ACT OF 1934
https://legcounsel.house.gov/Comps/Securities%20Exchange%20Act%20Of%201934.pdf
Section 25(a)
(5) If either party applies to the court for leave to adduce addi- tional evidence and shows to the satisfaction of the court that the additional evidence is material and that there was reasonable ground for failure to adduce it before the Commission, the court may remand the case to the Commission for further proceedings, in whatever manner and on whatever conditions the court con- siders appropriate. If the case is remanded to the Commission, it shall file in the court a supplemental record containing any new evidence, any further or modified findings, and any new order.
FYI
SPCL Trading Suspension
https://www.sec.gov/litigation/suspensions/2018/34-83263-o.pdf
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
May 16, 2018
ORDER OF SUSPENSION OF TRADING
In the Matter of
Solaris Power Cells, Inc., Stragenics, Inc., and Ultimate Rack Inc.,
File No. 500-1
It appears to the Securities and Exchange Commission (“Commission”) that there is a lack of current and accurate information concerning the securities of Solaris Power Cells, Inc. (“SPCL1”) (CIK No. 1411730), a Nevada corporation located in San Diego, California with a class of securities registered with the Commission pursuant to Securities Exchange Act of 1934 ("Exchange Act") Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2015. On February 6, 2018, Corporation Finance sent a delinquency letter to SPCL requesting compliance with its periodic filing requirements, but SPCL did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission rules (Rule 301 of Regulation S-T, 17 C.F.R. Section 232.301 and Section 5.4 of EDGAR Filer Manual). As of May 10, 2018, the common stock of SPCL was quoted on OTC Link operated by OTC Markets Group Inc. (formerly “Pink Sheets”) (“OTC Link”), had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
...
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed companies is suspended for the period from 9:30 a.m. EDT on May 17, 2018, through 11:59 p.m. EDT on May 31, 2018.
By the Commission.
Brent J. Fields Secretary
The components I believe are most pertinent to SPCL halt order
THE SECURITIES EXCHANGE ACT OF 1934
https://legcounsel.house.gov/Comps/Securities%20Exchange%20Act%20Of%201934.pdf
Section 15(k)
(1) Trading suspensions. If in its opinion the public interest and the protection of investors so require, the Commission is authorized by order-
(A) summarily to suspend trading in any security (other than an exempted security) for a period not exceeding 10 business days, and
(B) summarily to suspend all trading on any national securities exchange or otherwise, in securities other than exempted securities, for a period not exceeding 90 calendar days. The action described in subparagraph (B) shall not take effect unless the Commission notifies the President of its decision and the President notifies the Commission that the President does not disapprove of such decision.
...
(4) Compliance with orders. No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security in contravention of an order of the Commission under this subsection unless such order has been stayed, modified, or set aside as provided in paragraph (5) of this subsection or has ceased to be effective upon direction of the President as provided in paragraph (3).
(5) Limitations on review of orders. An order of the Commission pursuant to this subsection shall be subject to review only as provided in section 25(a) of this title. Review shall be based on an examination of all the information before the Commission at the time such order was issued. The reviewing court shall not enter a stay, writ of mandamus, or similar relief unless the court finds, after notice and hearing before a panel of the court, that the Commission's action is arbitrary, capricious, an abuse of discretion, or otherwise not in accordance with law.
...
Section 25(a)
...
(3) On the filing of the petition, the court has jurisdiction, which becomes exclusive on the filing of the record, to affirm or modify and enforce or to set aside the order in whole or in part.
(4) The findings of the Commission as to the facts, if supported by substantial evidence, are conclusive.
(5) If either party applies to the court for leave to adduce addi- tional evidence and shows to the satisfaction of the court that the additional evidence is material and that there was reasonable ground for failure to adduce it before the Commission, the court may remand the case to the Commission for further proceedings, in whatever manner and on whatever conditions the court con- siders appropriate. If the case is remanded to the Commission, it shall file in the court a supplemental record containing any new evidence, any further or modified findings, and any new order.
In My Opinion -
Quote:
“
Why all the connections prior?
Why Readr launch prior?
Why a stir the pot PR to the Masses prior?
Auditor was paid before the first of the year and sill no fins? Why???
“
As my work as a Financial Risk Manager from time to time I had to create reports for FERC. Government organizations tend to have the left hand do something and the left hand does not have a clue of what the right hand is doing. SPCL could have been waitin for warning to publish financial, and it never came because it was Return to sender. At the same time SPCL was working with the SEC getting all their ducks in a row. Well some ducklings lost their way, and here we sit.
I believe SPCL will continue to work with the SEC, first by fixing the address issue, then filing the completed portion of financials. There will be plenty of people jumping ship (selling off their stock), I will be picking up the pieces @0.0001. I will triple my current position. My plans were to hold for another 1/2 to 1-1/2 years before I consider selling. This dip will be excellent pickings from those with weak stomachs or over extended because they were expecting gains sooner than later.
There has been a lot of action and build up foe Corperate to bailout now. Corperate is over extended in their investment, and this failure with the SEC is a massive penalty to their bottom line (punishment enough). When kids learn to walk they stumble and scrape their knee; When they get older there is no scraping of knees, because they learned to walk; This is a scraped knee, a stumble that will most likely not occur again. Corperate governance will be written into the procedures to ensure the loss won’t happen again. I have seen similar things with the company I work for. Sometimes we have to experience loss to realism we were blind to some facts. Eyes wide open SPCL ... ITS CRUNCH TIME.
Impatiently waiting SPCL
In My Opinion-
The radio silence about the current negotiations for USMJ can infuse much needed capital into the company. The restructuring that would occurs from this transition could lead to significant price action. If the buyer is Monsanto, I am out ... I do not like how they run their business. If the buyer is Bayor I will recoupe my in costs for free shares and ride the wave ... the same if it a smaller business... until I can find data on how they operate. It is not just the end result it is how you attain the end results that matters.
patiently waiting USMJ
Bearslayer I believe you have the best assessment I have read to date. There is 1 way out, through capitulation to SEC regulations & procedures. If anyone has doubts, put on your legalism goggles and read the SEC regulations pertaining to the specific halt placed on SPCL.
Great Risk, hopefully the Reward is commensurate.
Impatiently waiting SPCL
FYI
http://www.columbia.edu/~hcs14/SX12k.htm
SECTION 12(k) OF THE SECURITIES EXCHANGE ACT OF 1934
15 U.S.C. § 78l(k) (1988)
(k)(1) Trading suspensions. If in its opinion the public interest and the protection of investors so require, the Commission is authorized by order-
(A) summarily to suspend trading in any security (other than an exempted security) for a period not exceeding 10 business days, and
(B) summarily to suspend all trading on any national securities exchange or otherwise, in securities other than exempted securities, for a period not exceeding 90 calendar days. The action described in subparagraph (B) shall not take effect unless the Commission notifies the President of its decision and the President notifies the Commission that the President does not disapprove of such decision.
(2) Emergency orders.
(A) The Commission, in an emergency, may by order summarily take such action to alter, supplement, suspend, or impose requirements or restrictions with respect to any matter or action subject to regulation by the Commission or a self-regulatory organization under this title, as the Commission determines is necessary in the public interest and for the protection of investors-
(i) to maintain or restore fair and orderly securities markets (other than markets in exempted securities); or
(ii) to ensure prompt, accurate, and safe clearance and settlement of transactions in securities (other than exempted securities).
(B) An order of the Commission under this paragraph (2) shall continue in effect for the period specified by the Commission, and may be extended, except that in no event shall the Commission's action continue in effect for more than 10 business days, including extensions. In exercising its authority under this paragraph, the Commission shall not be required to comply with the provisions of section 553 of title 5, United States Code, or with the provisions of section 19(c) of this title.
(3) Termination of emergency actions by President. The President may direct that action taken by the Commission under paragraph (1)(B) or paragraph (2) of this subsection shall not continue in effect.
(4) Compliance with orders. No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security in contravention of an order of the Commission under this subsection unless such order has been stayed, modified, or set aside as provided in paragraph (5) of this subsection or has ceased to be effective upon direction of the President as provided in paragraph (3).
(5) Limitations on review of orders. An order of the Commission pursuant to this subsection shall be subject to review only as provided in section 25(a) of this title. Review shall be based on an examination of all the information before the Commission at the time such order was issued. The reviewing court shall not enter a stay, writ of mandamus, or similar relief unless the court finds, after notice and hearing before a panel of the court, that the Commission's action is arbitrary, capricious, an abuse of discretion, or otherwise not in accordance with law.
(6) Definition of emergency. For purposes of this subsection, the term 'emergency' means a major market disturbance characterized by or constituting-
(A) sudden and excessive fluctuations of securities prices generally, or a substantial threat thereof, that threaten fair and orderly markets, or
(B) a substantial disruption of the safe or efficient operation of the national system for clearance and settlement of securities, or a substantial threat thereof.
FYI
Cut and pasted - Trading Suspension - https://www.sec.gov/litigation/suspensions/2018/34-83263-o.pdf
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
May 16, 2018
ORDER OF SUSPENSION OF TRADING
In the Matter of
Solaris Power Cells, Inc., Stragenics, Inc., and Ultimate Rack Inc.,
File No. 500-1
It appears to the Securities and Exchange Commission (“Commission”) that there is a lack of current and accurate information concerning the securities of Solaris Power Cells, Inc. (“SPCL1”) (CIK No. 1411730), a Nevada corporation located in San Diego, California with a class of securities registered with the Commission pursuant to Securities Exchange Act of 1934 ("Exchange Act") Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2015. On February 6, 2018, Corporation Finance sent a delinquency letter to SPCL requesting compliance with its periodic filing requirements, but SPCL did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission rules (Rule 301 of Regulation S-T, 17 C.F.R. Section 232.301 and Section 5.4 of EDGAR Filer Manual). As of May 10, 2018, the common stock of SPCL was quoted on OTC Link operated by OTC Markets Group Inc. (formerly “Pink Sheets”) (“OTC Link”), had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
...
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed companies is suspended for the period from 9:30 a.m. EDT on May 17, 2018, through 11:59 p.m. EDT on May 31, 2018.
By the Commission.
Brent J. Fields Secretary
In My Opinion -
Watchful is correct, this action That the SEC is taking, is a slap on the wrist & financials will need to be produced before trading will be allowed to be traded again. SPCL will most likely not be fined.
As far as optics go, incompetence/ negligence does not instill confidence in management and will devalue the stock in and of its self. With us recently trading @ 0.0015 there is not much further to fall, it will most likely just create a cheaper in after financials have been made public, decreasing the spike we would see if the hilt did not occur.
In the long term December 2018 My gut is saying it is a bump in the road. Mid bump is jarring, hopefully it will prompt management to get their $h;t together.
In My Opinion
Quote:
Therefore, it is
ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the
securities of the above-listed companies is suspended for the period from 9:30 a.m. EDT on May
17, 2018, through 11:59 p.m. EDT on May 31, 2018.
The Financials probably came out and broke the Stock Market. the rocket launched and broke the launch pad.
see you all June 1st
If SPCL is trying to shake out anyone not in the know, this would do it. Best case scenario SPCL was waiting for this event to diminish all interest then files late and picks up the scraps. Worse case scenario I just naught some expensive wall paper. Either way nothing to do now but wait and see.
My TDA GTC orders @ 0.2833 &1.65 are still in place ... there must be L2 data.
In My Opinion - spring effect
covering the gap back from .0015 to .0016 will propel this stock upward in my opinion. similar to a spring coiling up, check out the OBX & ADL indicators.