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I am aware of only two who have made it back -- one of those had an SEC no action letter, which IMO is the game changer for a Market Maker to take on the risk.
Unfortunately, neither company has gone on to be very successful after returning to the Pink Sheets.
Of course every suspended stock since 2010 is the "different" one that is going to break the mold and prove the SEC wrong.
GLTY.
None of those stocks had previously been suspended by the SEC. That is the game changer. If you note the tickers, they are foreign issues that had no 211 in place. There is a huge difference between getting the original 211 and getting a 211 coming off a suspension.
Comparing a Pear to an Orange and making it an Apple doesn't work in this case.
LVGI is perplexing, that thing is still trading. Granted, volume has dropped off significantly, but even today there are +2 million shares traded to this point.
Short volume is not short interest. It would be helpful if you understood the difference before launching into "shorts have to cover" mode.
Food and Beverage is my bread and butter when it comes to my "investments." Taking a bit of a look at CUBV to see if any potential exists. No where near being impressed at this point -- swung by the company website and there is no point in selling a product online if your shopping cart returns a 404 Page Not Found error?
Product pages are also tossing 404 Errors. What would I have gotten for my $36.95 had I been able to purchase online today?
Nothing screams inactivity by an company more than a website that doesn't update itself -- i.e., has the company had nothing to talk about in its News section for a year?
Negative cash last quarter and they are sponsoring the San Diego Symphony?
I note in the financials about production runs from 2012 and 2013. In the beverage world, that's old product. Is this affecting the sales price(s) they can get from their distributors?
Core-Mark is a nice score -- any idea why the company wouldn't announce how much product was bought and shipped?
I know that's a negative opening post for a newbie on the board, but it is what it is. GLTA
Ricardo Esparza might be an interesting fellow to follow along with:
http://www.katu.com/news/investigators/Breach-of-trust-Man-in-pot-business-invited-to-local-elementary-school-263576171.html
As previously mentioned, it's a partnership and not an ownership. Here is a link to the PR that announced the partnership: http://online.wsj.com/article/PR-CO-20140218-911086.html
Out of curiousity, have you personally been able to make a purchase thru TDA?
I am still puzzled by these companies that claim they had no idea the suspension was coming. I know MDNT hasn't said anything t this point, but I find it peculiar timing that a BOD member resigns two days ago and today they get whacked. I guess all these company BOD's and CEO's have mystical powers telling them when to get out of dodge ...
Has he ever said anything about the $10 million that simply vanished off the books?
Not familiar with Canadian companies, but if they are reporting in Canada, are they considered public there as well? From the 10Q --
On June 22, 2014, the Company signed a letter of intent with a Canadian reporting issuer under which the Company
will be acquired by a newly formed subsidiary of the Canadian company, which will become a reporting issuer and
then will apply for trading of its common stock on a Canadian exchange. A subsequent listing application also will
be filed for the Frankfort exchange. The specific terms and structure of the transaction have not been finally
determined and will be contained in a definitive agreement to be prepared and filed shortly.
Anyone here have any experience with derivative accounting? I read AEGY's 10Q and can follow along, but get a bit lost when they plop numbers down that turn $0 revenues for the quarter into $1.26 million net income.
The telephone number you are referring to is for GoDaddy's Domains by Proxy privacy service that purchasers of domains can purchase as an add-on service to their domain to keep their registration information private.
Edit: Found the answer to the question I asked.
FP Grocers main product is avocados:
fpgrocers.com/products
That's just insane. (Try) to keep the herd from bolting out the front door with promises of dividends while you slip out the back door while no one's looking ...
Did they ever submit an auditors statement that those financials were in fact audited?
Not familiar with this particular company and have no idea whether its even a public company. I know some of these new pot companies claim to be in the "edible" space.
Hershey Sues Edible Marijuana Company
DENVER (AP) — The Hershey Co. has sued a Colorado marijuana edibles maker, claiming it makes four pot-infused candies that too closely resemble iconic products of the chocolate maker.
The trademark infringement lawsuit was filed in U.S. District Court in Denver this week against TinctureBelle LLC and TinctureBelle Marijuanka LLC.
It alleges TinctureBelle's Ganja Joy, Hasheath, Hashees and Dabby Patty mimic Hershey's Almond Joy, Heath, Reese's peanut butter cups and York peppermint patty candies, respectively.
TinctureBelle did not immediately return messages seeking comment. The Denver Business Journal first reported about the lawsuit filed Tuesday.
The company's website says its products, which include lotions and balms, are "diabetic safe and delicious" and helpful with a variety of issues, including pain, headaches and insomnia.
The edibles are sold in Colorado's legal pot shops and medical marijuana dispensaries.
Pennsylvania-based Hershey says TinctureBelle products are packaged in a way that will confuse consumers, including children. Hershey's suit says TinctureBelle "creates a genuine safety risk with regard to consumers" who may inadvertently eat them thinking they are ordinary chocolate candy.
The lawsuit was filed as Colorado lawmakers look to tighten safety regulations for largely unmonitored marijuana snacks that can be indistinguishable from regular candies and baked goods.
Parents and doctors have said some children are eating the highly potent gummy bears, cookies, brownies and other items by mistake, sending them to hospitals in increasing numbers.
Hershey wants a judge to order TinctureBelle to stop selling the items. It is also seeking damages.
"Individuals and families the world over trust Hershey and its various brands as signifying safe and delicious treats for people of all ages," the lawsuit says.
More than two dozen people had reported poisonings from marijuana edibles to the Rocky Mountain Poison and Drug Center as of April, citing dizziness, nausea and hallucinations. At least six were children who swallowed innocent-looking edibles, the poison center said.
Pot critics' concerns about the marijuana-laced products were stoked by the March death of a college student who authorities said ate more than the recommended dose of a marijuana-laced cookie and jumped to his death from a hotel balcony. In April, a woman told a 911 dispatcher that her husband was hallucinating and talking about the end of the world after he had eaten a marijuana-infused candy and taken pain pills shortly before allegedly shooting her.
Supporters of the new marijuana law and some experts say alcohol causes far more problems among users, and the issues with pot can be largely addressed through better regulations.
Source: http://www.aol.com/?mtmhp=txtlnkusaolp00000051&xicid=acm50mtmhpusermenu
FSPM came off suspension this morning and the company put out an interesting press release which reads in part --
On May 16, 2014, a search and seizure warrant was executed at the Company’s offices located in Commerce City, Colorado as part of an ongoing investigation of potential securities law violations. In executing the warrant, federal authorities seized company records, computers and approximately $200,000 in funds from one of the Company’s bank accounts.
I notice the name Tom Lustgraaf as well. The LOI was authored by "Tommy". Just sayin'.
I was curious about that as well ...
Is it possible that this LOI was cooked up, ah, retrospectively?
SEC Warns Investors About Marijuana-Related Investments Amid Recent Trading Suspensions
FOR IMMEDIATE RELEASE
2014-99
Washington D.C., May 16, 2014 — The Securities and Exchange Commission today cautioned investors about the potential for fraud in microcap companies that claim their operations relate to the marijuana industry after the agency suspended trading in the fifth such company within the past two months.
The SEC issued an investor alert warning about possible scams involving marijuana-related investments, noting that fraudsters often exploit the latest growth industry to lure investors with the promise of high returns. “For marijuana-related companies that are not required to report with the SEC, investors may have limited information about the company’s management, products, services, and finances,” the SEC’s alert says. “When publicly available information is scarce, fraudsters can more easily spread false information about a company, making profits for themselves while creating losses for unsuspecting investors.”
Spearheaded by its Microcap Fraud Task Force, the SEC Enforcement Division scours the microcap market and proactively identifies companies with publicly disseminated information that appears inadequate or potentially inaccurate. The SEC has the authority to issue trading suspensions against such companies while the questionable activity is further investigated.
As the markets opened today, the SEC suspended trading in Denver-based FusionPharm Inc., which claims to make a professional cultivation system for use by cannabis cultivators among others. According to the SEC’s order, the trading suspension was issued “because of questions that have been raised about the accuracy of assertions by FusionPharm” concerning the company’s assets, revenues, financial statements, business transactions, and financial condition.
“Recent changes in state laws concerning medical and recreational marijuana have created new opportunities for penny stock fraud,” said Elisha Frank, co-chair of the SEC Enforcement Division’s Microcap Fraud Task Force. “Wherever we see incomplete or misleading disclosures, we act quickly to protect investors.”
Other marijuana-related companies in which the SEC recently suspended trading are Irvine, Calif.-based Cannabusiness Group Inc., Woodland Hills, Calif.-based GrowLife Inc., Colorado Springs-based Advanced Cannabis Solutions Inc., and Bedford, Texas-based Petrotech Oil and Gas Inc.
Under the federal securities laws, the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting investors to buy or sell the stock again until certain reporting requirements are met. More information about the trading suspension process is available in an SEC investor bulletin on the topic.
“We know from experience that fraudsters follow the headlines,” said Lori J. Schock, director of the SEC’s Office of Investor Education and Advocacy, which prepared the investor alert. “Given the attention that marijuana-related companies have attracted recently, we urge investors to exercise caution when looking at investments in this space. Always thoroughly research the company – and the person selling the investment – before making a decision.”
###
I wonder what, if any, the CFO's resignation and then PR calling for the SEC and FINRA to investigate had to do with this.
What's this 2 to 4 weeks stuff with the domain transfer. That can be accomplished in 1 to 3 days easy as pie. This PR has a fishy smell to it.
If data is everything, then why do you care what other's opinions are about your work? You have everything you need from your data. Other than your data can't validate your ego.
I know data. Very well. Data doesn't lie. Regardless of whether it supports your assumptions or mine.
By law, all suspensions are temporary -- they last for exactly 10 trading days. No exceptions.
"temporarily suspending trading"....wow what a concept!
Man oh man, the PHOT board is inching towards proof that any warm body with no brain and cash can be a penny stock bagholder. Now we have brokers enabling the masses.
I will not spread rumors or give false hope but went to Scottrade yesterday and was told the same thing from 2 brokers. They both said " who told you it was suspended? Its halted no"?
Also she said she wouldn't be surprised if a bid/ask appeared on the greys if it does actually show up there. She stated when you have a heavily traded popular stock that the agents will sometimes put a bid/ask. I'm just stating what I was told.
That board is turning out to be quite interesting. The dollar amounts I have read people are in for on that thing is crazy. You can tell there is a boatload of noobs invested as well.
Try this link:
http://www.hotstockmarket.com/t/277330/the-great-marijuana-trade-and-the-100-000-00-ten-month-challenge/120
Scroll down the page until you hit the screen shot from Creative Nutrition. Then an Alan Brochstein screen shot is below that.
Hope this helps.
Ut oh. Watch your back, she'll be coming for ya now, lol.
Argh. Her voice ...
I'm guessing regulatory heat as well. At the beginning of this, the Jae guy couldn't beat the drum any harder that he was FOR the hookup. He was also then threatening to sue anyone smack talking it. Now, he's beating the drum on the opposite side and threatening to sue anyone smack talking that PTOG and he are or were hooked up. Something sure changed.
This explanation isn't making sense? Isn't this the same Jae that was writing on his Facebook about hooking up with PTOG?
True 'nuff that his company is not PTOG, but they did do a JV together, and if I recall correctly, the paperwork does show that the JV company was formed.
I dunno, this reeks of the CYA explanation.
Have you ever seen that many 4's filed at basically the same time?
Thanks for the assistance this morning, much appreciated!
Thanks for your comments BigBake1, much appreciated. One final question if I may. I am going out on the proverbial limb and making the assumption that a company, post-suspension, has the right to contact the SEC and find exactly what was the issue(s). Would I be incorrect?
BigBake1, can you shed any light on whether there is/is not any communication by the SEC to a company prior to a suspension? While I doubt the SEC says to the company "we're suspending your sorry ass tomorrow" I still wonder if in the days and weeks leading up to the suspension if the SEC has asked question(s) of them.
LOL. You might want to investigate how that all turned out before you cite that case an example what you and your group are gonna do.
Damn. Is there a toxic lender these guys haven't borrowed from?