Brookmount Exploration Inc (BMXI)

[BigBadWolf]

Me could a CEO of a non SEC reporting OTC company filing a Form 4 1.5 months after the fact be used to pump his stock
ChatGPT
Filing a Form 4 late, especially by 1.5 months, does raise concerns about compliance and transparency. A Form 4 is required to be filed with the SEC within two business days of a significant transaction by insiders (such as CEOs) in their company's stock. This includes purchases, sales, or grants of stock options.

Here are a few points to consider regarding your question:

Compliance Issues: Filing a Form 4 late can indicate a lack of adherence to regulatory timelines. This doesn't directly imply stock manipulation, but it does suggest potential issues with regulatory compliance and transparency.

Market Manipulation Concerns: If the delayed Form 4 filing coincides with significant movements in the company's stock price or if there are suspicions of insider trading, it could raise concerns about market manipulation. Pumping a stock involves artificially inflating its price through misleading or false statements, which is illegal.

Context Matters: To determine if the Form 4 delay was used to "pump" the stock, you would need to consider the timing of the transactions, the nature of the disclosures made in the Form 4, and any subsequent public statements or actions by the CEO that could influence investor sentiment.

Legal and Regulatory Scrutiny: Delays in filing Forms 4 can attract scrutiny from regulatory bodies like the SEC. They may investigate to ensure that insider trading rules are not being violated and that investors have timely access to relevant information.

In summary, while a delayed Form 4 filing itself doesn't prove stock manipulation, it can raise suspicions depending on the context and timing of other events. If you suspect foul play or have concerns about the CEO's actions, consulting with a legal or financial expert who understands securities regulations could provide clarity on the situation.

Date Close/Last Volume Open High Low
06/21/2024 $0.09 1,604,045 $0.0638 $0.0929 $0.0628
06/20/2024 $0.0693 421,225 $0.0655 $0.0709 $0.063
06/18/2024 $0.0627 545,615 $0.0673 $0.068 $0.0627
06/17/2024 $0.07 394,614 $0.0785 $0.083 $0.067
06/14/2024 $0.0735 360,694 $0.09 $0.09 $0.0735
06/13/2024 $0.0919 3,627,649 $0.0791 $0.092 $0.058
06/12/2024 $0.085 445,062 $0.0986 $0.0986 $0.0732
06/11/2024 $0.10 218,349 $0.0902 $0.1129 $0.0902
06/10/2024 $0.107 370,923 $0.0961 $0.1073 $0.087
06/07/2024 $0.1075 808,133 $0.096 $0.111 $0.0918
06/06/2024 $0.1024 667,359 $0.094 $0.1025 $0.09
06/05/2024 $0.09 550,172 $0.095 $0.10 $0.085
06/04/2024 $0.0875 1,866,008 $0.0678 $0.0955 $0.0626
06/03/2024 $0.073 606,014 $0.0601 $0.075 $0.0587
05/31/2024 $0.0655 418,479 $0.067 $0.073 $0.058
05/30/2024 $0.0691 121,751 $0.079 $0.079 $0.0654
05/29/2024 $0.0701 286,719 $0.072 $0.0787 $0.07
05/28/2024 $0.0715 963,217 $0.065 $0.0715 $0.0601
05/24/2024 $0.065 1,260,960 $0.0664 $0.0664 $0.0578
05/22/2024 $0.067 134,116 $0.0785 $0.0785 $0.067
05/21/2024 $0.0725 150,818 $0.0787 $0.0787 $0.0672
05/20/2024 $0.07 728,223 $0.0676 $0.0787 $0.065
https://www.otcmarkets.com/filing/html?id=17633842&guid=p9O-kazpYxiqJth