Solidus Communications Inc (SLDC)

[drepark90]

Vancouver – The British Columbia Securities Commission has settled with two men
who admitted to participating in an alleged market manipulation involving a U.S. overthe-counter issuer.
In two separate settlement agreements with BCSC staff, B.C. residents Malkeet Singh
Bains and Narvinder Singh Patric Virk each admitted that he reasonably should have
known that his actions led to a misleading appearance of trading activity in or an
artificial price for Sungro Minerals Inc. shares. Sungro, a Nevada corporation that
originally had its head office in Surrey, B.C., is quoted on the U.S. over-the-counter
bulletin board.
Bains specializes in insurance broker services and was the sole official director of
Sungro during the relevant period. In his settlement agreement, Bains admits that in
2007 he took direction to set Sungro up as a “shell company” from a financial planner
with experience starting public companies. In 2009, when it became clear the company
could not be sold as a shell, Bains and the financial planner agreed to sell some of the
shares and split the proceeds.
Bains also admits that at the behest of the financial planner, he recruited several of his
friends as seed shareholders and instructed them to sell their shares at specified
prices on specific dates in June and July of 2009.

Stay far far away from this POS or else you'll end up a bagholder.