Polar Petroleum Corp. (POLR)

[DragonBear]

You might actually learn something if you compare it and read it...

Then teach us. What do you think you have here with POLR as an "investment".

Here is what I see:

A one man drilling exploration company holding leases the big boys of oil had no interest in. Where this one man company with insufficient funds must obtain funding to drill within the specified period of time or lose their leases. Off to the penny stock market we go. The one man company has no collateral, and thus is reduced to giving out chunks of stock to some fly by night penny stock financing outfits. Then the big plan is after issuing stock to pay for seismic reports (i.e. which could come back negative), the one man company must outfarm all actually drilling activities. Which of course would be paid for by more stock dilution.

Somewhere along the line the CEO one man company felt it necessary to pump out PRs like wild in May 2013. Up cranked 3rd party promotions. Volume which previously had a high of 11K shares, suddenly exploded with an average of a couple hundred shares or more per session. Volume eventually approached 28% of the issued shares, where most of the issued shares were suppose to be restricted. The PPS also soared increasing nearly 575%. Somewhere in the trading flurry the SEC detected unregistered shares being dumped involving insiders and affiliates. Result was a suspension.

What is known is the SEC has launched a formal investigation of the CEO and company, per the 10Q. This suggests the SEC has evidence the CEO was directly involved in the Jun P&D which led to the suspension. Most likely the SEC will file litigation, and then offer the CEO an out of court settlement, running him out of the stock market. The only unusual thing is how open the CEO is in the 10Q telling the stockholders about the SEC problem. Most try to hide or downplay it. Although most I've followed are non-reporters, not bound to 10Q transparency.

What you have is a company which willingly or unknowingly violated securities laws. Any ill begotten profits from the P&D will be disgorged with fines. A public company with no financial means to incur this expense, and survive. Their only previous source of revenue of selling their own stock is now unappetizing to the fly by night penny stock financiers. Their CEO the "one man company" likely to be banned from the market by the SEC. Who's left to turn out the lights? Answer: Leftover stockholders. A couple of years from now the SEC will get around to revoking POLR's stock registration.