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Seelos Therapeutics Announces 1-for-16 Reverse Stock Split
NEW YORK, September 25, 2024 /PRNewswire/ -- Seelos Therapeutics, Inc. (Nasdaq: SEEL) ("Seelos" or the "Company"), a clinical-stage biopharmaceutical company focused on the development of therapies for central nervous system disorders and rare diseases, today announced that its Board of Directors approved a 1-for-16 reverse stock split of its outstanding shares of common stock, to be effective as of 12:01 a.m. Eastern Time on Friday, September 27, 2024
Sorry, meant 8-K.
Form 10-K today counter acted good news.
Price dropping.
Seelos Therapeutics Says Ketamine-Based Therapy Chosen for Government PTSD Study
MT Newswires
09:00 AM EDT, 09/24/2024 (MT Newswires) -- Seelos Therapeutics (SEEL.NaE) said Tuesday its investigational ketamine-based treatment, SLS-002, was selected for inclusion in the US Department of Defense's Military and Veterans Adaptive Platform clinical trial of potential treatments for post-traumatic stress disorder.
The company said it signed a material transfer agreement with the US Army Medical Materiel Development Activity to supply SLS-002, or intranasal racemic ketamine, for the study and dosing of the SLS-002 group is expected to start before the end of the year. Financial details were not disclosed.
Seelos said SLS-002 is the only ketamine-based therapy included in the study.
Shares of the company were up more than 85% in recent Tuesday premarket activity.
Price: 0.3521, Change: +0.16, Percent Change: +85.32
Volume 254M.
HOD .55. LOD .36.
Up 100%.
The complaint seeks an injunction, an officer-and-director bar, a penny stock bar, and civil penalties against Campo.
The complaint seeks an injunction, an officer-and-director bar, a penny stock bar, and civil penalties against Campo.
Enforcement and Litigation Litigation Releases Juan [a/k/a John] Campo
Juan [a/k/a John] Campo
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26058 / July 26, 2024
Securities and Exchange Commission v. Juan [a/k/a John] Campo, No. 1:24-CV-2198 (D.D.C. filed July 26, 2024)
SEC Charges Ex-CEO of View Systems, Inc. with Securities Fraud for Falsely Claiming the Company Was Engaged in Business Operations that It Was Not
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26058
Enforcement and Litigation Litigation Releases Juan [a/k/a John] Campo
Juan [a/k/a John] Campo
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26058 / July 26, 2024
Securities and Exchange Commission v. Juan [a/k/a John] Campo, No. 1:24-CV-2198 (D.D.C. filed July 26, 2024)
SEC Charges Ex-CEO of View Systems, Inc. with Securities Fraud for Falsely Claiming the Company Was Engaged in Business Operations that It Was Not
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26058
BUYER BEWARE!!! “SEC charges “Juan Campo” of View Systems with securities fraud”
Juan Campo is CEO of USPS. It’s been stated that USPS was going to acquire Sannabis. Campo lied about Sannabis operations. READ BELOW.
The Securities and Exchange Commission (SEC) charged Colombian resident Juan Campo, the former CEO of View Systems, Inc., with securities fraud on July 26. The SEC alleged that Campo (also known as John Campo) created the false impression that Colorado-based View Systems was actively engaged in two potentially lucrative lines of business, temperature screening for Covid-19 and cannabis. In addition to that the SEC claimed that Campo included a fake audit report in the SEC filings.
The SEC complaint stated that between July 2019 and July 2022, Campo claimed that View Systems had acquired Sannabis S. A.S., a Colombian cannabis company when Campo knew that View Systems had not, and never did, complete this acquisition.
View Systems
View Systems was a Colorado company but had its base in Maryland and used the ticker symbol VSYM until the SEC revoked its registration for not filing financial statements. The company started in 1999 with a product that could detect concealed weapons called ViewScan. However, by 2016 it had stopped manufacturing any products and by 2018 had licensed its View Scan to a third party. In July 2019, Campo joined View Systems as President and CEO even though it had virtually no revenue-generating business.
View Systems’ 2019 10-K states that its total revenue for 2019 was just $1,400. View Systems’ annual report on Form 10-K for 2020 still only claimed total revenue of less than $3,000 for 2020.
The SEC complaint states that in July 2019, View Systems issued a press release saying it was going to buy a Colombian company founded and co-owned by Campo called Sannabis, S.A.S. View Systems claimed Sannabis was a “Medical Marijuana Pioneer” that had purportedly obtained “medical marijuana licenses for seed propagation, cultivation, transformation, and export.”
False statements
The SEC says that Campo made numerous false statements about the acquisition in press releases, Twitter (now X) posts and at least one SEC filing. Campo also claimed that Sannabis was growing cannabis when it wasn’t. In reality, the SEC claimed that Sannabis’ business was limited to making and selling cosmetics and creams made from hemp seed oil. Sannabis had applied for licenses from the government of Colombia that would have allowed it to grow cannabis, but it did not obtain the licenses until at least 2021.
Another false claim that Campo pushed was that Sannabis had a distribution agreement with a cannabis licensee in Uruguay.
Even though Campo was admitting in some SEC filings that the acquisition never closed, he was saying the opposite in press releases. As the company issued these press releases, the penny stock jumped in price. It was aided in the quest by a website called EmergingGrowth.com and PennyStockDream.com that published articles touting the press releases and acquisition plans.
https://www.greenmarketreport.com/sec-charges-juan-campo-of-view-systems-with-securities-fraud/
Gunther Than should be charged too. He and the Board of Directors had to know Sannabis was a false operation.
124,206 shares - Total July volume
Are USPS financial statements TRUE OR FALSE???
If Campo lied as CEO of VSYM, did he lie about USPS acquiring Sannabis?
Did Gunther Than know about his lies?
Wonder if any civil lawsuits will be filed against Campo?
Gunther Than was CEO when this acquisition started. How does he escape penalties Mr. SEC???
I never made sense that the acquisition took so long to finalize.
How many suckers financially staked $USPS and $VSYM.
1manband Friday, July 26, 2024 3:09:06 PM Post# of 37070
SEC Charges Ex-CEO of View Systems, Inc. with Securities Fraud for Falsely Claiming the Company Was Engaged in Business Operations that It Was Not
Securities and Exchange Commission v. Juan [a/k/a John] Campo, No. 1:24-CV-2198 (D.D.C. filed July 26, 2024)
https://www.sec.gov/files/litigation/complaints/2024/comp26058.pdf
On July 26, 2024, the Securities and Exchange Commission charged Colombian resident Juan Campo, the former CEO of View Systems, Inc., with securities fraud for creating the false impression that View Systems was actively engaged in two potentially lucrative lines of business, temperature screening for Covid-19 and cannabis, and for including a fake audit report in a View Systems SEC filing.
The SEC’s complaint, filed in the U.S. District Court for the District of Columbia, alleges that from July 2019 through July 2022, Campo made and disseminated numerous false statements in View Systems press releases, the company’s Twitter account, company filings with the SEC, and on the company’s website. As alleged in the complaint, Campo falsely and repeatedly represented that View Systems had acquired Sannabis S.A.S., a cannabis company, when Campo knew that View Systems had never completed this acquisition. The complaint also alleges that in late 2020—during the height of the COVID-19 pandemic—Campo falsely represented that View Systems had developed a real time temperature screening product, when Campo knew View Systems had no such device, and could not build one unless it raised additional capital. In addition, the complaint alleges that in July 2022, Campo signed and certified View Systems’ 2020 annual report which falsely represented the company’s financial statements had been audited and included a fake audit report.
The SEC’s complaint charges Campo with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and the certification provision of Exchange Act Rule 13a-14. The complaint also charges Campo with aiding and abetting the company’s violations of the company reporting provisions, Exchange Act Section 13(a) and Rules 12b-20, 13a-1, and 13a-13 thereunder. The complaint seeks an injunction, an officer-and-director bar, a penny stock bar, and civil penalties against Campo.
The SEC’s investigation was conducted by Ashley Sprague and Sachin Verma, and supervised by Lisa Deitch, Peter Rosario, and Stacy Bogert. The case will be litigated by Devon Staren, and supervised by Christopher Bruckmann. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.
View Systems falsely claimed to have acquired Colombia cannabis company Sannabis”
https://www.greenmarketreport.com/sec-charges-juan-campo-of-view-systems-with-securities-fraud/
Not much truth came out of Campo’s mouth.
All those fake pictures of growing cannabis and fake documents about seed certifications.
Follow up news. “View Systems falsely claimed to have acquired Colombia cannabis company Sannabis”
https://www.greenmarketreport.com/sec-charges-juan-campo-of-view-systems-with-securities-fraud/
Today’s total volume was Selling: 124,206. HOD .0074, LOD 0031.
Turning point? Any news?
$100 trade, $0.025 Ask.
1000 share trade at $.0186.
This stock has less than 30 Followers. It hasn’t traded 1 share in days.
I’ve never owned a stock with 2 Reverse Splits.
Volume 51M. .0003/.0004.
FKA, RETC.
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
https://www.otcmarkets.com/stock/USPS/overview
$USPS Ultimate Sports business model is MEDICAL.
Name implies otherwise. NO WEBSITE.
Does Management have enough money to file for a name change?
Volume 806, .0244.
Whopping 24 Followers.
Spread for $USPS is ridiculous: .01/.0244. Beware of news releases that pump the stock.
The SEC has a dislike for current management. The stock is vulnerable to DELISTING for false news.
.01/.03 Bid/Ask.
$USPS .02 Bid, 93,000 shares.