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UMF Group Inc., UMFG, changed to Ridder Titan Genesis Corp and a one for 30 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Prevention Insurance.com, PVNC, changed to Apple iSports Group Inc., AAPI:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
PMKRF: Pursuant to the Plan of Arrangement Playmaker's shareholders will receive, for each common share held, at the election of such Playmaker shareholder, either (a) C$0.70 in cash, (b) 0.0206 of an ordinary share in the capital of the Buyer (each ordinary share, a "Buyer Share"), or (c) a combination of C$0.245 in cash and 0.0134 of a Buyer Share.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
SFE changed to SFES. Delisted from the NYSE to the OTC:
SAFEGUARD SCIENTIFICS
ASMB: effective Feb. 12,2024 a one for 12 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
KERN: effective Feb. 9,2024 a one for 20 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
ZJYL: effective Feb. 8,2024 a 20 to one forward split:
https://hedgefollow.com/upcoming-stock-splits.php
Effective Feb. 12,2024 UNRVD will change to BLMH:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Effective Feb. 9,2024 Savmobi Technology Inc will change to Jingbo Technology Inc and a one for 200 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
TSP changed to TSPH. Delisted from the Nasdaq to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
ME: effective Feb. 9,2024 Moneta Gold Inc will change to STLLR Gold Inc and a one for 2 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Effective Feb. 9,2024 Balincan USA Inc., BCNN, will change to Tekumo,Inc, TKMO:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
My thoughts too, Janice. Shareholders would benefit more from a few gulps of Miller beer than whatever may come their way from Miller Energy Resources.
SIOX: Liquidating Distribution. Shareholders will receive $0.435 per share held. Company Dissolved. Transfer Books Closed
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Miller Energy Resources: Notice of Proposed Plan of Distribution and Opportunity for Comment:
https://www.sec.gov/files/litigation/admin/2024/34-99469.pdf
NVTA delisted from the NYSE to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
XNDRF: effective Feb 7,2024 a one for 10 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
DMK changed to DMKPQ, bankruptcy. Delisted from the Nasdaq to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
AKUMQ: BK PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
WTER delisted from the Nasdaq to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
CANO changed to CANOQ, CH 11 bankruptcy. Delisted from the NYSE to the OTC.
https://otce.finra.org/otce/dailyList?viewType=Additions
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1800682/000119312524024136/d768645d8k.htm
PACV changed to PACVD, one for 250 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Agreed, sub-dollar 3rd tier Nasdaq stocks are reverse splitting more often than OTC stocks.
High risk owning sub-dollar 3rd tier Nasdaq or AMEX stocks.
WSCO: effective Feb. 5,2024 Wall Street Media Co. Inc. will change to Global AI Inc. and a 4 for one forward split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
GTBP: effective Feb. 5,2024 a one for 30 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
VLCN: effective Feb. 5,2024 a one for 45 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
FRGT: effective Feb. 5,2024 a one for 10 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
ROVMF: effective Feb. 5,2024 Rover Metals Corp. will change to Rover Critical Minerals Corp.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Effective Feb. 5,2024 Here to Serve Holding Corp., HTSC, will change to Mesa Home Resources Inc., MHRE:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
SGLY effective Feb. 12,2024 a one for 10 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
NA: effective Feb. 1,2024 a one for 2 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
BSGM: effective Feb. 2,2024 a one for 10 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
HOLO: effective Feb. 2,2024 a one for 10 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
GNPX: effective Feb. 2,2024 a one for 40 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
SVSE: Three Individuals, Including Alleged Terrorist Mohamed Verjee, Under Investigation for Involvement in Pump-and-Dump Schemes Vancouver,
January 31, 2024 – Three individuals, including Mohamed Munir Verjee, are currently under investigation by regulatory bodies in the United States and Canada for their alleged involvement in a series of pump-and-dump schemes. These schemes have reportedly defrauded investors of substantial sums over the years. The individuals are facing legal action from the U.S. Securities and Exchange Commission (SEC) and the British Columbia Securities Commission (BCSC).
Vincenzo Carnovale, a 46-year-old Italian and Canadian national residing in Vancouver along with his wife, Maria Gebriela Carnovale, has been linked to three separate securities fraud cases, all involving pump-and-dump schemes. In each of these cases, the modus operandi appeared to be similar, involving artificially inflating the share value of a company through various means, including press releases and promotional efforts. Subsequently, once the share prices surged, the perpetrators and their associates reportedly sold the shares at a profit.
The first known case dates back to 2004 when Carnovale, then a broker for Golden Securities, allegedly sold shares of Silver Star Energy Inc. as part of a pump-and-dump scheme. He reportedly refused to cooperate with Canadian authorities during their investigation.
In 2017, Carnovale was sued by the Canadian Financial Markets Authority for his alleged involvement in a pump-and-dump scheme related to Solo International Inc. stock, which is still an ongoing legal battle.
In 2021, the SEC filed charges against Carnovale, Mohamed Munir Verjee, and Amar Bahadoorsingh for their alleged involvement in a pump-and-dump scheme involving multiple companies. The SEC contends that they secretly sought control of thinly-traded microcap companies to hire stock promoters, generate demand, and profit by illegally selling shares to unsuspecting investors. The scheme allegedly used a complex network of offshore accounts and involved false and misleading statements in public financial statements.
Mohamed Munir Verjee, a person of significant interest in the investigation, has a background in money laundering and is believed to be involved in funding conflicts in Syria and Turkey. He is alleged to have connections to terrorist activities.
The SEC seeks permanent injunctions, repayment of gains, civil penalties, and penny stock bars against Carnovale, Bahadoorsingh, and Verjee. The trial is still ongoing.
In addition to these cases, Carnovale's involvement with Frederick Langford Sharp and the Sharp Group has been noted in the 2021 SEC case. The SEC alleges that Sharp and associates orchestrated a decade-long offshore shell scheme, resulting in substantial profits for company officers through illegal trading of U.S.-listed public companies' shares.
The legal proceedings against Carnovale, Bahadoorsingh, and Verjee are ongoing, with regulatory authorities on both sides of the border seeking to hold them accountable for their alleged involvement in these fraudulent activities.
Investors, the BCSC, and the SEC should be closely monitoring these cases to ensure that justice is served and to deter future instances of pump-and-dump schemes in the financial markets.
To be continued . . . . Banking and Account Records to Follow
STMH one for 100 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
RFMCF: effective Feb. 15,2024 a one for 2 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
WMT: effective Feb. 26,2024 a 3 for one forward split:
https://hedgefollow.com/upcoming-stock-splits.php
AAT (TSXV) and AATGD (OTC): effective Feb. 1,2024 a one for 5 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
JZZID: effective Feb. 1,2024 JZZID will change to IDGR:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes