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Yes you are right. But back then we did not get suspended like now. Will they put out filings to come out of the gray market? I hope so. I guess time will tell. Good luck everyone.
Thank you also. You seen what I posted then. I am not sure what will happen but from what it looks like I would say they have to do something or the sec will also go after the owners. Maybe they will take care of it. All we can do is hope they do something. Good luck to all of us.
Here is the link about the hearing.
SECURITIES EXCHANGE ACT OF 1934
Release No. 72219 / May 22, 2014
ADMINISTRATIVE PROCEEDING
File No. 3-15882
In the Matter of
ANGEL ACQUISITION
CORP. n/k/a BIOGERON,
INC.
Respondent.
ORDER INSTITUTING
ADMINISTRATIVE PROCEEDINGS AND
NOTICE OF HEARING PURSUANT TO
SECTION 12(j) OF THE SECURITIES
EXCHANGE ACT OF 1934
I.
The Securities and Exchange Commission (“Commission”) deems it necessary and
appropriate and for the protection of investors that public administrative proceedings be, and
hereby are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange
Act”) against Respondent Angel Acquisition Corp. n/k/a BioGeron, Inc. (“Respondent” or
“BioGeron”).
II.
After an investigation, the Division of Enforcement alleges that:
RESPONDENT
1. BioGeron is a Nevada corporation with principal offices in Carson City, Nevada
and Carlsbad, California. Respondent has a class of equity securities registered with the
Commission pursuant to Section 12(g) of the Exchange Act. As of March 17, 2014, the
Respondent’s common stock (ticker “AGEL”) was quoted on the OTC Link (previously “Pink
Sheets”) operated by OTC Markets Group, Inc., had eight market makers, and was eligible for the
“piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
2
DELINQUENT FILINGS
2. Section 13(a) of the Exchange Act and the rules promulgated thereunder require
issuers with classes of securities registered pursuant to Section 12 of the Exchange Act to file with
the Commission current and accurate information in periodic reports. Specifically, Rule 13a-1
requires issuers to file annual reports and Rule 13a-13 requires issuers to file quarterly reports.
3. The Respondent filed its last Form 10-K for the year ended December 31, 2010 on
April 11, 2011, and its last Form 10-Q for the quarter ended September 30, 2011 on November 14,
2011. Since then, the Respondent has not filed its required periodic reports.
4. The Respondent is delinquent in the following periodic filings:
Form Period Ended Due on or about
10-K December 31, 2011 March 31, 2012
10-Q March 31, 2012 May 15, 2012
10-Q June 30, 2012 August 14, 2012
10-Q September 30, 2012 November 14, 2012
10-K December 31, 2012 March 31, 2013
10-Q March 31, 2013 May 15, 2013
10-Q June 30, 2013 August 14, 2013
10-Q September 30, 2013 November 14, 2013
5. As a result of the conduct described above, the Respondent has failed to comply
with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder.
III.
In view of the allegations made by the Division of Enforcement, the Commission deems it
necessary and appropriate for the protection of investors to institute public administrative
proceedings to determine:
A. Whether the allegations set forth in Section II hereof are true and, in connection
therewith, to afford Respondent an opportunity to establish any defenses to such allegations; and,
B. Whether it is necessary and appropriate for the protection of investors to suspend
for a period not exceeding twelve months, or revoke the registration of each class of securities of
the Respondent registered pursuant to Section 12 of the Exchange Act.
IV.
IT IS ORDERED that a public hearing for the purpose of taking evidence on the questions
set forth in Section III hereof shall be convened at a time and place to be fixed, and before an
3
Administrative Law Judge to be designated by further order as provided by Rule 110 of the
Commission’s Rules of Practice [17 C.F.R. § 201.110].
IT IS FURTHER ORDERED that Respondent shall file an Answer to the allegations
contained in this Order within ten (10) days after service of this Order, as provided by Rule 220 of
the Commission’s Rules of Practice [17 C.F.R. § 201.220].
If Respondent fails to file the directed Answer, or fails to appear at a hearing after being
duly notified, the Respondent may be deemed in default and the proceedings may be determined
against it upon consideration of this Order, the allegations of which may be deemed to be true as
provided by Rules 155(a), 220(f), 221(f) and 310 of the Commission’s Rules of Practice [17 C.F.R.
§§ 201.155(a), 201.220(f), 201.221(f) and 201.310].
This Order shall be served forthwith upon Respondent personally or by certified mail.
IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an initial
decision no later than 120 days from the date of service of this Order, pursuant to Rule 360(a)(2) of
the Commission’s Rules of Practice [17 C.F.R. § 201.360(a)(2)].
In the absence of an appropriate waiver, no officer or employee of the Commission engaged
in the performance of investigative or prosecuting functions in this or any factually related
proceeding will be permitted to participate or advise in the decision of this matter, except as witness
or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule making” within
the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the
provisions of Section 553 delaying the effective date of any final Commission action.
By the Commission.
Jill M. Peterson
Assistant Secretary
Ok I will do it when I get out of work.
There is a court date set up for agel. I seen it last week. They have to come clean or they will be closed down. I am not a basher. I have 10 million shares I have had for along time.I already wrote it off as a loss but who knows.
I was looking in here and found the court order for angel. There is a hearing set up for them on June 9 2014 so we will find out what really is happening then.
I am also still here. I got this to make some money and I am not into braking even. I will hold to see where we will go.
You are right. I could have gotten out but I already took this for a loss so it was not that big of a deal for me. I feel sorry for the last load of people that just got in because they may have lost there cash. Thanks.
If they send in the files from the past maybe. But that is all up to Agel and sending in the files. I think we will still go the the grays to start out but not sure. I am in the grays now with another stock and it is not good but still waiting to come out. But this is a little different. If is all about files needed. So it is all up to Angel.
Solar man 777 I do have to say that what be nice, but the first thing Agel has to do is put the back files in. You do know when we open up we will go into the gray market. If you don't know anything about the gray market then please Google it and you will find out about it. I am not trying to bash agel because I am sitting on 10 million shares I have had for along time. I could have sold but I already took it for a loss months ago and made up for it but It sure would be great for this to happen. Agel tryed to do a RS but the sec stopped it from happening.
That sounds great. I am still here. I will hold until things get fixed. Only time.
Can't see why but we are on the brake out board here.
I am hoping for higher then 0034 an I have a lot here and plan on more.
Ok you guys get that pass.
I am a holder of gncp and I sure wish this will move but all I have seen in the last few months is game going on and the sec is letting in go on. Has anyone talked to the company? I am holding and will hold to the end but any ideas will work great. Thanks
I feel like you do. I hope they file something or we go to the gray market.
I seen it yesterday on another stock I have about the 26 other company's and all the people also being charged. This year the sec is really hiting hard on these company's and just maybe agel will be one of them for what just happened. I am holding 10 million shares here I have had for along time. Time will tell about this company. If agel does not file anything to take care of the problem then we will go into the gray market.
The only way this will happen is if they file something to the sec for what happened today. If they don't then we to to the gray market.
Looks like you are right but I read today 26 company's got hit and they are also going after the people that did the pumps.
I am like you I am sitting on 10 million shares I have had for along time. But sec stopped agel and if agel does not do anything then when we open it will be in the gray market. If you don't know about the gray market Google it and you will see it is messed up. I am in one of my stocks now in the gray market. The bad thing is agel new this would happen. Maybe they have plans for a jv or something. Good luck.
If the company does not do anything then we go to the gray market.
It is all up to what GLER does.
Yes I feel like you do. It is getting sick watching the same old thing. Plus this game with 0001 and back to 0002.
So it looks like the grays are coming here.
I agree with you. I am also holding out for the long run. I will be getting more in a day or so if we stay here.
Were on the brake out board something most be getting ready to happen.
Well I am still sitting with 10 million and I already took it for a loss for way back when WD got burned. Thanks
Shark Attack where do you think this will go from here. I am not bashing I am sitting on 10 million and thinking of getting more. We did not have much movement. Thanks
I hope you are right. I am sitting on 10 million and have had them for some time. I could have sold but holding for higher.
Yes you are right I do remember but it was gates that burned people. I could get out now and get my money back but I already took this to a loss. I guess what got me mad was the way the other person was talking to the next guy for saying good things about the company. If that is how he feels great but people don't need to put him down for how he feels. We all need to talk to people in a mature way. I do understand what you are saying and I am watching close here. Thanks for your reply.
Thanks that was what I was thinking also. We did hit 2s and then came back down but it the company came out with something we could move hard. I guess all we can do is wait and see.
I would say that really is the best move at this time for you. I have been here for along time and got burned like a lot of other people. I could sell now and get all my money back but I already made it back along time ago so I look at it as free money. But I do think this is your best move to wait and see how this plays out.
I wish we were going up but I do know this. No one on this board knows anything and that also means all the people trying to bash this company. Someone started getting this moving and I am watching closely. I am sitting on 10 million shares and I took them already for a loss so I am holding to see what happens. It gets real sick hearing all the bashers in here trying yo put it down and they don't know anything. It is all guess work on there part but they want you to think they know it all. What a joke.
Then we fly I hope.
Yes I agree with you. I am sitting on 10 million that like you I took it for a loss so I am waiting to see what happens.
Don't worry about what I do with my money. I have lot more to play with then most people. This will move again.
Well I am sitting on 10 million shares that I already made back so I look at it like free shares. I will be holding. I have been here along time.
You are right. They just pop up and don't back off until something changes.
Sea44455 I am not a paid member so I will say this seen it before and it was the company.
You are right I am holding. I already took this for a loss so why sell now. I am holding. I hope tomorrow shows movement. One thing I do not like seeing is the 9.999.999 sells in here. But I will be here. Thanks for your reply.