InvestorsHub Logo

juk

Followers 0
Posts 1820
Boards Moderated 0
Alias Born 11/13/2008

juk

Re: stockseekerok post# 20200

Sunday, 04/05/2009 12:57:12 PM

Sunday, April 05, 2009 12:57:12 PM

Post# of 34425
Ssok,

to follow up on the Caveat Emptor being placed inregards to HGLC.

There are 3 categories of stocks that can and do trade on the pink sheet platform. HGLC falls under #1 below.

1)True pink sheet: These are stocks that have supplied very limited info on their company and found one market maker to quote their stock per pink sheet rules.
http://www.pinksheets.com/pink/otcguide/issuers_getquoted.jsp
These stocks have never registered shares under SECTION 12 with the SEC and therefore are not required to file any SEC reports.

2)Non-Compliant Reporting Companies: These are companies that have registered shares under Section 12 with the SEC(example: our SB-2 filings) and are obligated to file reports. They have been removed from whatever exchange they were on because those exchanges require a company to be current with filings, therefore they trade on pinks. These companies are NOT relieved of their obligation to report to the SEC.

3)Same as above but they filed a Form 15 which exempts them from having to report to the SEC. They now are the same as #1, a true pink. These were SEC reporting companies that met the exemption criteria and decided they no longer wanted to report or sell stock to the public.



IMO, Hunt Gold Corporation is under investigation. I base this observation on the fact of the REASONS listed by Pinksheets.com see below.


Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public. {THIS IS A NON ISSUE FOR THIS PARTICULAR TYPE OF TRUE PINKSHEET STOCK, NO FINANCIALS ETC ARE REQUIRED}.
Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.{THIS COULD BE A REASON?? HOWEVER, I HAVE {NEVER} BEEN SPAMMED BY ANY EMAILS ETC FOR HGLC< AND I BELONG TO EVERY PENNY WANNA BE SITE THAT IS AVAILABLE}}

THAT OFCOURSE LEAVES THE BELOW. AND WELL, TWO PRIOR SHELLS FOR HGLC< REDICULOUS REVERSE SPLITS AND THEN NOT A FEW MONTHS LATER MASSIVE FORWARD SPLITS< CLEAR DECEPTIVE ACTIONS OF ISSUE PRESS RELEASE OF DECEPTION. JUST A MATTER OF TIME./

Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as {{reverse mergers}} or {{{serial stocks splits and name changes}}}, without adequate current information being publicly available.
Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=hglc


juk