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Re: elkonig post# 26513

Friday, 02/26/2021 4:26:53 PM

Friday, February 26, 2021 4:26:53 PM

Post# of 26913
I read the new suspension order that mentioned $SCIE and a bunch of new tickers. The language states there was influence of certain social media accounts on the tickers trading activity, ie promoters or scammers frontloaded the stock and ran up the share prices. In $SCIE's case the promoters started talking about the company as a cancer research stock as their way to continue the pump (and dump).

"... Today's order states that trading is being suspended because of questions about recent increased activity and volatility in the trading of these issuers, as well as the influence of certain social media accounts on that trading activity. ..."



https://www.sec.gov/news/press-release/2021-35

Very different than the company promoting themselves.

The next thing you know the SEC will rethink the their allowing comapanies to promote themslves on social media sites.


But still there was lots of trading activity in $SCIE today, so clearly the suspension doesn't deter buying.

If the SEC wanted to protect investors, it would permanently suspend trading until the company brought itself current with its filings. That's a very big if.

The paradox of iHub: buy high, sell low

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