Probably already are. I mean it was required to even enter a bid again.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 88758 / April 27, 2020
The U.S. Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the Exchange Act), of trading of the securities of Kleangas Energy Technologies, Inc. aka CaliPharms, Inc. (KGET) (CIK No. 0001082176), of Temecula, California, at 9:30 a.m. EDT on April 28, 2020, and terminating at 11:59 p.m. EDT on May 11, 2020.
The Commission temporarily suspended trading in the securities of KGET because of questions regarding the accuracy and adequacy of information in the marketplace since at least April 1, 2020. Those questions relate to statements KGET made on Twitter regarding its purported access to and sales of personal protective equipment approved by the National Institute for Occupational Safety and Health of the Center for Disease Control during the current COVID-19 pandemic, and to a lack of current financial information in the marketplace.
The Commission cautions brokers, 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.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551- 5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to KGET’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information that may relate to this matter, they should immediately contact Adam Grace, Assistant Regional Director, at (212) 336- 0083.
