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Tuesday, December 11, 2012 11:54:31 AM
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
Breaking News: What The Heck Is Going On With SVEN?
The emails keep pouring in this morning with the question on everyone's lips: "What is going on with SVEN?". According to our contact at FINRA, the "T" designation assigned by OTC Markets, a privately owned website, should be disregarded. FINRA states that there has been no "T" or "B" assigned to the end of the symbol.
FINRA does acknowledge that a "contemplated" CUSIP change is in the works for SVEN for reasons they wouldn't disclose because (according to them) SVEN, "is under review". We could not get FINRA to elaborate on the circumstances of the "review". The current state of confusion has nothing to do with a split, past or pending, nor a company initiated process. FINRA expects to make a statement in the coming hours or days and will then update the status of SVEN. FINRA recommends accessing OTCBB.com and tracking the Daily List for updates to SVEN's status.
It is PumpAndDump.com's opinion that this is just the latest in a series of regulatory events scrutinizing the activities of Awesome Penny Stocks, its affiliated newsletters, and it's partners, such as market maker Wilson Davis & Co and the law firm of Carrillo Huettel, LLP. As we reported two weeks ago, Carrillo Huettel has shut its doors and Managing Partner, Luis Carrillo has reportedly fled the country. Latest reports have him hiding in Switzerland while he is seeking Mexican citizenship.
Recent ILUS News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/07/2024 08:50:58 PM
- ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • InvestorsHub NewsWire • 05/31/2024 04:52:19 PM
- ILUS Provides a First Quarter Filing Update • InvestorsHub NewsWire • 05/16/2024 03:26:47 PM
- ILUS Files Form 10-K and Provides Shareholder Update • InvestorsHub NewsWire • 05/02/2024 12:52:26 PM
- ILUS Provides Form 10-K Filing Update • InvestorsHub NewsWire • 04/17/2024 01:54:01 PM
- ILUS Moves Forward With Its Two Subsidiary Uplists and Equity Dividend • InvestorsHub NewsWire • 04/10/2024 01:36:45 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 03/04/2024 01:51:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 04:22:28 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 02/20/2024 04:36:50 PM
- ILUS Signs Letter of Intent to Acquire a British Manufacturer of Autonomous Vehicles While Completing its Next Phase of Restructuring for Anticipated Growth • InvestorsHub NewsWire • 02/20/2024 04:27:45 PM
- ILUS Acquires the Majority Stake of Samsara Luggage, Inc. • InvestorsHub NewsWire • 01/10/2024 02:53:45 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 01/09/2024 05:06:17 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 05:04:58 PM
- ILUS Completes Acquisition and Provides Dividend, Merger and Subsidiary Update • InvestorsHub NewsWire • 12/29/2023 01:30:00 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 12/13/2023 04:33:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/24/2023 01:32:35 PM
- ILUS Provides Shareholder Update • InvestorsHub NewsWire • 10/20/2023 04:37:25 PM
- ILUS Finalizes Acquisition and Provides Shareholder Update • InvestorsHub NewsWire • 10/06/2023 02:52:50 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 09/13/2023 03:36:00 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 09/12/2023 07:16:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/25/2023 09:06:54 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 09:25:35 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2023 03:03:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/04/2023 08:08:54 PM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
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ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
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