InvestorsHub Logo
Followers 0
Posts 31
Boards Moderated 0
Alias Born 04/20/2009

Re: None

Monday, 02/10/2020 6:48:33 PM

Monday, February 10, 2020 6:48:33 PM

Post# of 18497
The stock didn't do anything seriously out of the ordinary to cause an alert? Jan 22nd the stock was trading at $2.64, a week later rising to $3.97 and then falling to $2.99 on Jan 28th, then $4.34 on Jan 31st and "before" issuing a suspension dropping to $2.58. What was the "RED FLAG" for the SEC to issue a 10 day suspension?

The SEC suspends trading in a stock for two basic reasons: the company is a delinquent filer, or fraud is suspected.

In this case no fraud took place and the SEC's reasoning was that mis-information from non-affiliated parties was spreading.

Here is where it gets interesting for me. The suspension notes...

The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.

As if...someone, somewhere knew something positive transpired and the action in itself of "PROMOTION" was the signal causing the RED FLAG. Non-meaningful promotions of penny stocks happens all the time. Suspending a penny stock for what the SEC themselves claim as non-meaningful makes me think something meaningful would have had to exist prior to the suspension? Would the government have insight to meaningful or positive events of this companies work? Would the SEC have foresight to be mindful of positive promotions by others to create the RED FLAG?
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AEMD News