"Violation of Rule 144 dumping restricted non registered stock, or other stock structure problems is the usual reason for a SEC suspension of a non-filer. Some insider or affiliate always screws up. With the recent volume only a matter of time.
It has nothing to do with keeping divy promises originally made 1 yr ago. Neither can the SEC nail them with a suspension for LOIs which never close. That comes later as part of the ongoing investigation after suspension.
Sure this company is a fraud. A gold company mining in S America suddenly decides one day to become a "Bakken" oil company. They buy a podunk Utah oil company for microcap stock. A non-Bakken area. Chinese masters need geography lessons. Announce a LOI for a refinery which has sat idle for over a decade. Gonna become an oil broker. Buy rail terminals. Of course they are going to pay for it by issuing more of their valuable microcap stock, with a bleeding balance sheet. Proclaim they have gotten million$$$ in assets for micro-pennies on the dollar. "
Got proof? ORFG is delivering. I am getting my divi ;)
Violation of Rule 144 dumping restricted non registered stock, or other stock structure problems is the usual reason for a SEC suspension of a non-filer. Some insider or affiliate always screws up. With the recent volume only a matter of time.
Link to the source, please.
The SEC/DTCC are so damn good at their job as of lately, they have recently been able to shut down two separate OTC companies that put shares into promoters hands before those promoters could trade a single share.
Why would they/are they waiting to suspend $ORFG?
The SEC is over staffed. The round table meetings state they have so much staff they have been able to police the ever "evil" OTC market better than ever - and they congratulated themselves for it in the June Round Table.
So, again... where's the link $ORFG has violated any SEC regulations in regards to Rule 144?