Thursday, February 11, 2021 12:14:41 PM
The U.S. Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934, of trading of the securities of XXXX (“XXXX” or “the Company”) (CIK No. 0000727672), an inactive Minnesota corporation of San Diego, California at 9:30 a.m. EST on February 11, 2021, and terminating at 11:59 p.m. EST on February 25, 2021.
The Commission temporarily suspended trading in the securities of XXXX because of questions regarding the accuracy and adequacy of information about the Company in the marketplace and potentially manipulative trading activity, including: (a) XXXX’s delinquency in its periodic filings with the Commission, having not filed any periodic reports since November 2017, having failed to file any quarterly reports for the first, second or third quarters of 2018, 2019 and 2020; (b) XXXX’s phone number and website, listed on its profile page on OTC Markets, are non-working; (c) since late January 2021, certain social media accounts may be engaged in a coordinated attempt to artificially influence XXXX’s share price; and (d) since late January 2021, XXXX’s share price and
trading volume have increased in the absence of any publicly available news from the company.
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