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Re: smallstockinvestor post# 680

Thursday, 04/28/2016 11:33:10 AM

Thursday, April 28, 2016 11:33:10 AM

Post# of 879
Its unusual for a non SEC filer to come under the scrutiny of the authorities but it does happen. Given the cast of characters involved and the poor financial status of the company must have something to do with the suspension in my mind.
I did notice in the year end financials that they said they sold 100,000 shares to an investor for $100,000.00 which is one dollar per share. The market PPS at the time was at about $10.00 though. That was a sweet deal but should be cause for concern.