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Check the list tomorrow it will be on this website for trading suspensions..
http://www.sec.gov/litigation/suspensions.shtml
D R When this crap gets a stop trading in the morning watch all the bagholders cry the SEC gave them a chance to get out since they have been warned with skull and crossbones. Only an Idiot would keep this garbage overnight when they know PWEI was halted by SEC because of APS pump.
Believe what you want STOP trading order in process caveat emptor status placed in record time less than 6 hours. Caveat emptor means stop trading order is in process on this scam. APS pushed the envelope they spit in the face of the market regulators. See how this will work out when you are stuck and no access to sell for 10 days.
They will halt trading before market opens tomorrow just like PWEI.. This is under investigation affadavit filed today processed before market opens stop trading for 10 days then to Grey market..
D R some people will never understand until reality sets in that this crap is going to grey market oblivion. When they try to sell they will see no market made they will see they have no chance of making there losses back. They will find out soon enough. You can't teach them if they think they know it all!!
Here is the link it is illegal to show bid and ask on grey market.
http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=4414
Violation of OTC Trading and Quotation Halt Rule
If a security is subject to a trading and quotation halt initiated pursuant to this Rule, it shall be deemed conduct inconsistent with just and equitable principles of trade and a violation of Rule 2010 for a member:
(1) to effect, directly or indirectly, a trade in such security; or
(2) to publish a quotation, a priced bid and/or offer, an unpriced indication of interest (including "bid wanted" and "offer wanted" indications), or a bid or offer accompanied by a modifier to reflect unsolicited customer interest, in any quotation medium. For purposes of this Rule, "quotation medium" shall mean any: system of general circulation to brokers or dealers that regularly disseminates quotations of identified brokers or dealers; or publication, alternative trading system or other device that is used by brokers or dealers to disseminate quotations to others.
There are no broker-dealers quoting this security. It is not listed, traded or quoted on any U.S. stock exchange or on any of the OTCQX, OTCQB or OTC Pink marketplaces. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or inter-dealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
The most important characteristic of gray market trading is that the official means of recording and settling a trade are not available. In the strictest sense, the transaction cannot be completed until the official books are open, or reopened in the case of a stock suspension. So although a broker has put together a buyer and seller who have agreed on a price, the arrangement is subject to all parties honoring their word. Although in practice it’s unlikely, in theory it’s possible that a sharp price movement after that trade has been arranged will cause one party to “break” the trade. In such a case, there is no practical recourse for the other party.
Because of the portfolio pricing complications that would arise from a broken gray market trade, portfolios that have daily inflows and outflows, like mutual funds, may hesitate to participate in the gray market.
The SEC is probably freezing funds from the illegal dumping by APS and insiders. As far as due diligence what complete Idiot could not see stock was suspended in canada registration revoked for non filing in Nevada and The Skull and Cross Bones on OTC if they pulled up a quote they saw it. Due diligence was a No brainer from APS crooks..SEC is continuing the investigation and Arrests will be made because of the Fraud perpetrated by APS..
APS said in email they would start due diligence from now on. What idiots this had caveat emptor status when they pumped it again!! Registration had been revoked in Nevada. Canada had suspended trading what greedy idiot crooks!! They will be arrested. If you notice they suspended stock on settlement day from the Pump which means the sec can freeze money which they failed to do on Biozoom!!
The Sec recovered money from these crooks and they will start acting on other Scams as you saw on PWEI today. Next step arrests of the APS crooks and Scam Artists.
PRESS RELEASE
SEC Obtains Freeze on Proceeds from Unlawful Distribution of Biozoom Securities
FOR IMMEDIATE RELEASE
2013-122 Washington, D.C., July 3, 2013 — The Securities and Exchange Commission today announced charges against eight Argentine citizens who unlawfully sold millions of shares of Biozoom, Inc. in unregistered transactions. The SEC also obtained an emergency order to freeze assets in the U.S. brokerage accounts of the eight defendants and two other Argentine citizens who had Biozoom shares but had not yet sold them. The action follows last week’s suspension of trading in Biozoom due to concerns that some shareholders may be unlawfully distributing its securities.
Biozoom, formerly Entertainment Art, Inc., announced in April that it was changing its name and moving from producing leather bags to developing biomedical technology. The SEC’s complaint alleges that from March to June 2013, the ten defendants received more than 20 million shares of Entertainment Art, which was one-third of the company’s total outstanding shares. In a one-month period beginning in mid-May, eight of them sold more than 14 million shares. The sales yielded almost $34 million, of which almost $17 million was wired to overseas bank accounts. Their U.S. brokerage accounts, which include approximately $16 million in cash, are subject to the asset freeze.
The SEC’s complaint, filed in U.S. District Court in Manhattan, charges the eight defendants — Magdalena Tavella, Andres Horacio Ficicchia, Gonzalo Garcia Blaya, Lucia Mariana Hernando, Cecilia De Lorenzo, Adriana Rosa Bagattin, Daniela Patricia Goldman and Mariano Pablo Ferrari — along with two others, Mariano Graciarena and Fernando Loureyro, who received shares but have yet to sell them.
“Today’s action, along with the SEC’s trading suspension order last week, demonstrate the SEC’s ability and commitment to act swiftly to halt ongoing illegal conduct and preserve assets,” said Antonia Chion, Associate Director in the SEC’s Division of Enforcement.
According to the SEC’s complaint, when the defendants deposited the Biozoom stock into their U.S. brokerage accounts, they claimed to have acquired the bulk of the shares in March 2013 from Entertainment Art shareholders who purchased them in private placements that began in 2007. Each of the defendants provided stock purchase agreements between them and the former shareholders purportedly signed by the defendants and those shareholders. The SEC alleges that the documents were false because the Entertainment Art investors had sold all of their stock in the company in 2009, almost four years earlier. The defendants’ shares of Biozoom were deposited into their accounts as shares that purportedly could be freely traded and the defendants sold them even though no registration statement was filed with the SEC for any of the sales transactions, in violation of U.S. law.
In addition to the temporary restraining order and asset freeze granted by the court, the SEC is seeking preliminary and permanent injunctions, return of the selling defendants’ allegedly ill-gotten sale proceeds, and civil penalties. The SEC also seeks preliminary and permanent injunctions against the non-selling defendants, Graciarena and Loureyro, because of the likelihood that both defendants will offer or sell their Biozoom shares to the public in violation of the registration requirements of U.S. securities law.
Ricky Sachar, Scott Lowry, Deborah Tarasevich, Jennie Krasner, and Robert Nesbitt conducted the SEC’s investigation, which is continuing. Patrick M. Bryan will lead the litigation. The SEC acknowledges the assistance of the Financial Industry Regulatory Authority (FINRA).
Fact is nobody can pump a grey stock because they can't show wash trades the only way to get a quote is to call a broker and any orders may or may not be filled. No guarantees on Grey for execution at any price. It is a nightmare to trade a grey market stock.
That article is spot on Janice. This is another example of posters saying everything will be fine. This is destined to be sub penny for valid reasons because it is a non reporting SHELL plain and simple.
NO way this is headed to GREY market Oblivion. I wish i could make a bet that you would pay. This crap has no assets no Revenue No earnings. The only thing they had was a PUMP from APS that was just another Lie and SCAM Price at end of year wil be .00001 thats a fact..
This trading halt is serious for PWEI they have no filings that are current just BS press releases with no proof of anything they say or will say is true. Sarbanes Oxley was implemented with scams like this in mind where the Ceo has to attest to the validity of quarterly and annual reports. Jail time is in order for all the crooks including the CEO's of these scams.
APS is toast. They will be locked up in prison. They will be extradited they can run but they can't hide. This crap had caveat emptor status for a reason and the SEC said buyer beware for a reason. It sends a loud and clear message don't buy the Pump skull and crossbones are posted on OTC for a reason.
Charts for every APS stock show everything they pump is a Scam http://www.awesomepennyscams.com/
It's long overdue APS has caused enough pain already!'
Grey market doesn't mean anything they can't show wash trades. WDCO will not trade this on Grey they have no reason they only show fake interest and blow out stock for APS when Bag holders purchase. This will be 000 on Grey market.
SEC is finally cracking down. I believe arrests will be made shortly if you notice Fignon the CEO of XUII has not had any press releases even though he has 20 grand invested in his 192 million shares Only 2 employees for this Company how much did they pay APS for the pump. I hope Justice is finally served for all the crooks at APS.
APS pumped this garbage from a 30 thousand market value to almost 200 million based on LIE after Lie they will be held accountable by the SEC that is why they stopped trading on PWEI. Arrest will be made by the crooks called APS..
Garyst now that this crap has been suspeneded how do you feel about your predictions. Total BS APS is nothing but crooks>>>
Aps going to jail arrests will be announced shortly..
Aps going to jail arrests will be announced shortly..
These crooks at APS deserve to get locked up and spend a lot of time in jail!!!
On July 23, 2013, I published, "A $180 Million Company Worth Less Than $0: Short Xumanii". In the note, I presented my research on the name, and emphatically urged investors to sell and/or short shares of Xumanii (XUII.OB), as the company showed no evidence that it was anything more than a stock scam. When my article was published, the stock traded at about $0.70, but after less than a month, shares now trade at a mere $0.0575/share, representing a 91% decline. It is my view that shares should continue to be avoided at all costs as they remain substantially overvalued at a market capitalization of $23M, and that in due time the shares will trade within a rounding error of the $0.00 mark.
What Happened?
640 people received this article by email alert
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Xumanii was a stock promoted by the website known as "Awesome Penny Stocks". This is a site that is well known for running these pump and dump schemes, in which investors ultimately end up being left holding the bag. What's interesting about this particular pump, is that once I exposed this for what it was in my article, the Awesome Penny Stock owners "promised" investors that the shares would top the $1 mark or they would completely shut down. Well, as the chart clearly shows, the stock never topped $1:
XUII Chart
While I would like to think that this particular pump 'n dump shop will close down, the harsh reality is that these folks will either completely disregard their "promise" or that they will simply start a new site that engages in the exact same behavior. Immoral penny stock promotion will never be stopped, but if you do your research, you can avoid being burned.
What Will Happen Next?
Do not touch Xumanii. While the penny stock pump appears to largely be over (and if it is, the shares will be in the sub-penny realm shortly), I urge investors to not be fooled if another unscrupulous group of individual tries to pump the stock again. The risk of that is quite real, as the company's website now has a countdown for a new video stream (basically Xumanii is a non-working, fake Netflix), even though the site now makes no mention of the Mac Miller concert live stream that was scheduled for July 30th. This time, Xumanii is promising a "free live broadcast" of a French Montana concert on October 19th, although I am confident that no such broadcast will take place.
Realistically, at a $23M market capitalization, the shares remain substantially overvalued. The company does not generate any revenue and has no working "product". The website, the promotional videos on Youtube, and so on are all the product of a paid penny stock promotion. It's easy for anybody with a semester of web design to put together a site like Xumanii's, with a lot of promises and pictures, but no substance.
I hope that the SEC will investigate the individuals behind this obvious Awesome Penny Stocks pump, and given the SEC's recent demonstrations of swift, no-nonsense action (particularly with Biozoom, another pump and dump that I helped to expose), I would not be surprised if the shares are halted. This means that despite any urge you may have to get on board for the next "pump", you should resist as the risk of total capital loss is very real.
Conclusion
Despite losing nearly the entirety of its value, Xumanii remains substantially overvalued and still poses significant risk to anybody taking long positions. Not only is the SEC likely to investigate and shut this thing down (meaning your shares go to $0 - 100% loss), but the folks promoting the stock are now MIA. What you have left is a group of unfortunate retail victims who are still desperately trying to recover what little of their principal that they can. Stay away from this stock on the long side. If you were fortunate enough to get a borrow on the short side, then unless your borrowing costs are high, you should comfortably ride the next leg down into sub-penny territory before you think about covering.
On July 23, 2013, I published, "A $180 Million Company Worth Less Than $0: Short Xumanii". In the note, I presented my research on the name, and emphatically urged investors to sell and/or short shares of Xumanii (XUII.OB), as the company showed no evidence that it was anything more than a stock scam. When my article was published, the stock traded at about $0.70, but after less than a month, shares now trade at a mere $0.0575/share, representing a 91% decline. It is my view that shares should continue to be avoided at all costs as they remain substantially overvalued at a market capitalization of $23M, and that in due time the shares will trade within a rounding error of the $0.00 mark.
What Happened?
640 people received this article by email alert
Add your email to get alerts on XUII.OB too:
Get email alerts on XUII.OB »
Xumanii was a stock promoted by the website known as "Awesome Penny Stocks". This is a site that is well known for running these pump and dump schemes, in which investors ultimately end up being left holding the bag. What's interesting about this particular pump, is that once I exposed this for what it was in my article, the Awesome Penny Stock owners "promised" investors that the shares would top the $1 mark or they would completely shut down. Well, as the chart clearly shows, the stock never topped $1:
XUII Chart
While I would like to think that this particular pump 'n dump shop will close down, the harsh reality is that these folks will either completely disregard their "promise" or that they will simply start a new site that engages in the exact same behavior. Immoral penny stock promotion will never be stopped, but if you do your research, you can avoid being burned.
What Will Happen Next?
Do not touch Xumanii. While the penny stock pump appears to largely be over (and if it is, the shares will be in the sub-penny realm shortly), I urge investors to not be fooled if another unscrupulous group of individual tries to pump the stock again. The risk of that is quite real, as the company's website now has a countdown for a new video stream (basically Xumanii is a non-working, fake Netflix), even though the site now makes no mention of the Mac Miller concert live stream that was scheduled for July 30th. This time, Xumanii is promising a "free live broadcast" of a French Montana concert on October 19th, although I am confident that no such broadcast will take place.
Realistically, at a $23M market capitalization, the shares remain substantially overvalued. The company does not generate any revenue and has no working "product". The website, the promotional videos on Youtube, and so on are all the product of a paid penny stock promotion. It's easy for anybody with a semester of web design to put together a site like Xumanii's, with a lot of promises and pictures, but no substance.
I hope that the SEC will investigate the individuals behind this obvious Awesome Penny Stocks pump, and given the SEC's recent demonstrations of swift, no-nonsense action (particularly with Biozoom, another pump and dump that I helped to expose), I would not be surprised if the shares are halted. This means that despite any urge you may have to get on board for the next "pump", you should resist as the risk of total capital loss is very real.
Conclusion
Despite losing nearly the entirety of its value, Xumanii remains substantially overvalued and still poses significant risk to anybody taking long positions. Not only is the SEC likely to investigate and shut this thing down (meaning your shares go to $0 - 100% loss), but the folks promoting the stock are now MIA. What you have left is a group of unfortunate retail victims who are still desperately trying to recover what little of their principal that they can. Stay away from this stock on the long side. If you were fortunate enough to get a borrow on the short side, then unless your borrowing costs are high, you should comfortably ride the next leg down into sub-penny territory before you think about covering.
Yesterday PacWest Equities Inc. (OTCMKTS:PWEI, PWEI message board) once again found themselves among the most traded stocks when they rose by 10% to close at $0.05. The positive movement happened on the record for 2013 number of 7.4 million traded shares. Although interest in the company may be on the rise its price levels are no way near the ones from last November.
Back then it made a tremendous run up the chart and in just a couple of weeks reached $0.75 per share. Unfortunately a series of pump campaigns devastated the ticker and it lost more than 90% of its value. The last wave of email alerts came in early August and were mainly sent for free.
ETEKchart1.pngThe Stock Scout, who were part of it, later that month moved to tout the stock of Eco-Tek Group Inc. (OTCMKTS:ETEK). The company crashed on the very next day and is currently trading for a little more than a cent per share. The two companies also have something else in common - both of them have a landing page that is created by StockTips.
PWEI themselves have gone silent with the latest announced dated August 5. It revealed that the company was invited by Brazilian officials to bring its line of solar manufacturing equipment to the country. Well, we have no way to find out if they actually managed to go there but looking at their fundamentals it is more than doubtful. For the second quarter of 2013 they reported having the following:
$131 cash
$50 million intangible assets
$154 thousand total liabilities
ZERO revenues
$31 thousand net loss
Those impressive intangible assets represent the solar technology line they bought from DayStar Technologies, Inc., a company that was once listed on NASDAQ. And why exactly are they valued at 50% million? Well, apparently that is what some anonymous "analysts"said they were. The deal took place back in February but PWEI haven't managed to earn a dime.
Alkaline Water Co, Inc. (OTCBB:WTER) managed to break through the $1 dollar mark yesterday. The company is allegedly being backed by a $3 million pump. On the other hand the former Awesome Penny Stocks pump Xumanii, Inc (OTCMKTS:XUII) slashed 41% of its value and reached a new low of just $0.02 per share.
Caveat emptor status on OTC it's another APS scam.
They are Crooks plain and simple and someday Justice will be served. Sooner or later the Feds or Karma will nail these scumbags.
Exactly this crap has a negative valuation if you look at over a million in losses and a million in debt and ZERO revenue Zero assets the value is minus .05 cents.
The chart is proof that this was a Ripoff from day one. I hope there is justice someday for these crooks.
French Montana never had this on his Schedule.. I stated he had cancelled a month ago. But the pumpers kept saying that it was still on the website for these crooks so it was true. This was one giant SCAM perpetrated by the LIARS and pumpers to rip people off..
It's Over APS is done. This crap ha no value will be Zero!!
Could go to Zero tomorrow... Zero Value Zero assets Zero Earnings Zero Revenue. SEC should stop trading it was a total scam..
This crap has a Negative valuation only Debt over a million and a Million in Losses with Zero Revenue equals a Zero share price. May 1st the entire company valued at 30 grand now it is in Red figures will be ZERO soon enough no hope for this worthless garbage.
How dumb were these idiots spending money to change the name to international. What a Joke.