Calissio Resources Group Inc (CRGP)

[rnb010]

Found this just from googling for 30 seconds. Another stock that was halted due to a U3 by FINRA. The cause.....naked short conspiracy.

The halt was conducted under FINRA Rule U3 - Trading Halt - Extraordinary Events - Trading is halted due to FINRA’s determination that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the OTC Equity Security or has caused or has the potential to cause major disruption to the marketplace and/or significant uncertainty in the settlement and clearance process.


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Joncubano Member Profile Joncubano Monday, April 29, 2013 10:09:27 AM
Re: None Post # of 5229
This is a serious issue going on. Its not company related. There is an issue with the brokers. There was appoximately 175 Million shares shorted. The company only has about 25 MM shares in float i believe. The issue with Finra is that the short is huge and Broker dealers are scrambling to cover. This thing could pop to 10 dollars. The company has been providing everything to FINRA and working with them quickly.

Its not a corporate issue matter - its a Broker dealer issue -- No one can cover. Get ready this one is just about to start......

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BOPT bears watching very closely. If that which is being stated as fact by this poster, (joncubano) then it could be a special situation for the shareholders in BOPT. Obviously there are more than one issue for FINRA to halt trading, but given their very close working relationship with DTCC means it bears watching because it could very well end up being an opportunity for the many shareholders who were fleeced, to regain their trading capital. Again, as FINRA states: or has caused or has the potential to cause major disruption to the marketplace and/or significant uncertainty in the settlement and clearance process.
This sounds like a major DTCC headache as they are responsible for the settlement & clearance process, and for them to bring FINRA into this only confirms to me that there must/may be a large settlement imbalance to be addressed. Poster joncubano did state " I believe that this is whats happening with 100% accuracy."
"joncubano" could be "in the know" (sounds plausible), or blowing smoke, but that is why this bears close scrutiny by shareholders, and non-shareholders alike as a unique profit opportunity could make itself known here shortly. I played this for the bounce, and locked in one profit, then on a second attempt I became ensnared in the FINRA halt. Just going to have to see what transpires. glta.