InvestorsHub Logo
Post# of 122024
Next 10

HGG

Followers 21
Posts 752
Boards Moderated 0
Alias Born 05/16/2013

HGG

Re: maxxm post# 40881

Friday, 04/11/2014 8:48:31 PM

Friday, April 11, 2014 8:48:31 PM

Post# of 122024
The reason PH@T got suspended has nothing to do with the industry, it had to do with the way they were recording the transactions of how they were paying with shares. For instance, an officer was paid 500K shares quarterly and the company recorded that transaction at .02 per share, then the officer will cash it out at market price. Those transactions raised flags and triggered a temporary SEC suspension.