Nano Magic Inc. (NMGX)

[Hooparena]

It sure looks like the company is not going down without a fight. While it is a long shot, I think they have a slight chance at winning but it will be a hard fought long drawn out battle. This could go on for some time in the courts.

I had the stock on my radar for a while but only bought after that breakout just about a week before the halt when it pulled back. I thought the breakout broke the technicals of the chart and would slowly move higher.

I just don’t understand how the SEC could base their findings on the postings of chat boards to be a basis for their suspension unless they have evidence that the postings were from insiders. If that were the case, then the SEC is warranted in their actions.

In the meantime, I will look to hold and hope for the best. Best of luck to all.