Florida companies face SEC probe

[littlejohn]

8-K from Sept. 2008 saw the preferred shares of RNVO increased dramatically...

RNVO then saw a pr about Mr. Carnes stepping down from running the company...

RNVO then changed to BBDA...

Since then BBDA changed state registrations and shows an unlimited authorized share count...Haven't checked in the past week for any changes to that registration...

And as the share count trading volume in BBDA has increased the numbers of posters about the company has also...

It would take a heck of a payroll to trace all the pink sheets trading and which are selling shares and how they are doing it...

The money isn't available to provide a fair playing field for potential investors...

#1...A new SR filing requirement for all publicly traded companies should be requried...Every publicly traded company should be required to file proof of State Registration on a quarterly basis with the SEC which can be accessed by the public on the SEC website...It should disclose the current Authorized share count and have proof of copy of payment for the annual state registration...States already monitor the required documentation and officer info needed before issuing a registration...

..b. any company not filing the required SR filing could have its trading halted until it was recieved...It would cut down on some volume of shells for share selling enterprises...

#2. .001 should be the lowest trading price allowed to reduce volume in companies so that the share dumpers have to do reverse splits quicker and people can catch on a little quicker...

Maybe a .0009 saved could help some lose less...

Any other bright ideas?...LJ