Supatcha Resources Inc. (SAEI)

[toxicdebtspiral]

"If this were trading in the triple zeros right now LIKE ANY SCAM COMPANY WOULD BE BY THIS TIME then I would say get out and no one would even be talking on here."

A salient current comparison can be made with SPNG which was suspended by the SEC in Oct. '09 and immediately went to the greysheets when trading resumed. It did not trade below a penny for 6 months until the principals were led away in handcuffs by the FBI. It did not trade down to .0001 until Oct. '10 - a full year after the suspension and 5 months after the operations were shut down.

Yet somehow if you go to their various message boards you will find a lot of commentary from those that still believe (or want to unload shares on the gullible) and those that want the public to understand that a scam was perpetrated and no one should invest in it. Its supporters are still quite vocal in spite of the fact that it is in Ch. 7 (liquidation) bankruptcy and shareholders have no hope of recouping anything.

SAEI will see 0.0001 and will ultimately be revoked. Unfortunately the SEC has a history of taking a long time to revoke although they are getting faster at it.