PacWest Equities Inc (PWEI)

[retiredanalyst]

PWEI is on my radar and I can see why the SEC would like to take a look here. For starters, PWEI hasn't even filed a Quarterly since June 30, 2012. And in that filing, PWEI reported a cash position of $0. PWEI also reported net revenues of $0. The only assets in the company is $380,658 and all of which is stockholders equity. I have yet to figure out how a company with no assets and no sales can currently have a market cap valuation in excess of $300 million. Yes, I imagine the SEC is wondering the same.