Immune Pharmaceuticals Inc (fka IMNPQ)

[trader59]

Not "perhaps." It is a scam.

Here's an excerpt from the SEC's suspension. Let's break it down:

The Commission temporarily suspended trading in the securities ofIMNPQbecause there is a lack of current and accurate information concerning the securities of IMNPQ because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ending September 30, 2018, and because of questions regarding the accuracy of publicly available information in the marketplace concerning IMNPQ, including current reports on Form 8-K filed on April 12, 2021 and April 13, 2021; the Company’s assets; the Company’s current financial condition; and recent, increased trading activity in the securities of IMNPQ despite itsstatus as a debtor in a Chapter 7 bankruptcy proceeding.

"Questions regarding the accuracy of publicly available information" in SEC language (and it is the same in every one) means the SEC knows the information to be false. That pertains to "current reports on Form 8-K filed on April 12, 2021 and April 13, 2021." So, the SEC knows those two 8K's were fake, and how they know is because the trustee for the bankruptcy told them.

Look at the docket for the Chapter 7 bankruptcy case. There's no motion nor judge's order approving the formation of a new corporation in Nevada for this Delaware company. There's no motion nor judge's order approving new officers for the company. Know why? Because it's all fake. Further, the SEC (and everybody else) says about Chapter 7 bankruptcy:

Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.

Even if the trustee hadn't notified them, the SEC would have sniffed this scam out. Note that they said "recent, increased trading activity in the securities of IMNPQ despite its status as a debtor in a Chapter 7 bankruptcy proceeding." Considering the outcome of every Chapter 7 bankruptcy case, the SEC smells a rat with the increased trading activity. Toss in the fake 8K's and they know why. A pump and dump is being run.

The only question is whether they'll revoke before it hits the greys or not. But they will revoke this stock's registration. It's just a matter of time.

And, the only other facts you'll see will be in that revocation, and perhaps later when we see if the SEC pursues the authors of the fake 8K's.