ProTek Capital Inc (PRPM)

[Kool Aid Man]

FINRA getting more aggressive in regulation of microcaps

November 3, 2014 at 3:10 PM

"It doesn't make any difference whether it was a name change, a ticker symbol or reverse or forward splits. Finra is looking at these things more deeply," the attorney said. "They are looking at who the officers are, who the directors are. It doesn't matter what kind of application is being considered. Companies that have solid balance sheets won't have problems, but companies that are shaky are going to be looked at closely."...

...active providers of convertible debt financing to microcap companies.... typically offers high-interest loans that he can convert into stock at deep discounts to market price. Free trading shares can be picked up by Asher at discounts as deep as 70% to the companies' recent trading lows. This structure is often referred to as toxic or death spiral financing.

http://www.thedeal.com/content/regulatory/finra-may-be-getting-more-aggressive-in-regulation-of-microcaps.php

Imo PRPM should be reported to FINRA for closer examination and to prevent a reverse split that would enable the dilution to continue