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Cassandra

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Cassandra

Re: BBseller post# 193

Thursday, 10/04/2012 3:27:48 PM

Thursday, October 04, 2012 3:27:48 PM

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What made EMGE unique among suspended PKs is that the SEC issued a "no action" letter after concluding the investigation, which involved a third party doing a "pump and dump" of its stock. The third party was sued along with the other company involved in the P&D.

Despite being restored to PK status, volume never really picked back up. Perhaps the taint of the investigation and suspension did it in. Historical trade data.

Timeline and document links:

9/30/2009: SEC Suspension

5/4/2010: Litigation filed against Seven Palms Investments, LLC. EMGE not named as a defendant.

7/8/2010: SEC "no action" letter

2/28/2011: Quotation on Pink Sheets restored

Being restored to PK status didn't really help the shareholders.

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