Charlestowne Premium Beverages Inc. (FPWM)

[bigRcat45]

I have seen this before.

MARKETSJUNE 8, 2011.SEC Fires Salvo at 'Penny Stocks'

.BY JESSICA HOLZER AND MELODIE WARNER

WASHINGTON—The Securities and Exchange Commission halted trading in 17 microcap stocks it said had been hyped by Internet promoters despite a lack of reliable information publicly available about the companies.

The mass trading suspensions represent the SEC's first action to call attention to possible "penny stock" promotion schemes since it began a stepped-up effort last fall to crack down on the proliferation of microcap stock fraud.

The SEC said stock-touting websites, Twitter users and often-anonymous individuals posting to message boards have swayed the investing decisions of the public, which often doesn't have adequate information about the securities.