Bakken Energy Corp. (BKEN)

[DragonBear]

Suspended for what?

Violation of Rule 144 dumping restricted non registered stock, or other stock structure problems is the usual reason for a SEC suspension of a non-filer. Some insider or affiliate always screws up. With the recent volume only a matter of time.

It has nothing to do with keeping divy promises originally made 1 yr ago. Neither can the SEC nail them with a suspension for LOIs which never close. That comes later as part of the ongoing investigation after suspension.

Sure this company is a fraud. A gold company mining in S America suddenly decides one day to become a "Bakken" oil company. They buy a podunk Utah oil company for microcap stock. A non-Bakken area. Chinese masters need geography lessons. Announce a LOI for a refinery which has sat idle for over a decade. Gonna become an oil broker. Buy rail terminals. Of course they are going to pay for it by issuing more of their valuable microcap stock, with a bleeding balance sheet. Proclaim they have gotten million$$$ in assets for micro-pennies on the dollar.

The only thing this company sells is stock.