Biomagnetics Diagnostics Corp. (BMGP)

[Renee]

Companies that have been suspended under "questions" must answer all of the SEC's 'questions' and must prove to the SEC that no frauds or securities violations occurred that caused the SEC to suspend the stock.

Of the over 3,600 SEC Suspensions over the last 11 years only a few companies have ever successfully satisfied all of the SEC's questions to regain quotations. Most companies don't ever bother to answer the SEC's questions because the SEC only suspends a stock when they have incontrovertible evidence that securities violations occurred that no company can satisfy or justify to the SEC.

Excerpt from BMGP's SEC Suspension Order:

BMGP SEC Suspension "because of questions regarding: the adequacy and accuracy of information concerning the securities of each of the issuers listed above because questions have arisen as to their operating status, if any; the recent, increased activity and volatility in trading in the securities of each of these issuers, in the absence of any publicly available news or recent information by these issuers; and certain social media accounts may have been or may be engaged in a coordinated attempt to artificially influence their share prices. The stock of each of the issuers above is quoted and traded on OTC Link whose parent company is OTC Markets Group, Inc. None of the issuers above has posted any information with OTC Markets Group, Inc. or filed any information with the Securities and Exchange Commission for at least nine months."

https://www.sec.gov/litigation/suspensions/2021/34-91296.pdf

Order:

https://www.sec.gov/litigation/suspensions/2021/34-91296-o.pdf