Replies to post #35120 on Bakken Energy Corp. (BKEN)

[nazulya]

IT WILL NEVER EVER HAPPEN AGAIN, RICK WILSON DOESN'T HAVE ENOUGH CLOUT ANY MORE FOR another artificial run AFTER HE LIED FOR SO MANY MONTHS TO EVERYBODY, EVEN HIS ARDENT SUPPORTERS DON'T TRUST HIM ANY MORE. IT IS OVER HERE, WATCH TOMORROW AND YOU WILL SEE ANOTHER COLLAPSE OF THE SHARE PRICE JUST LIKE TODAY. PAINT JOB DOESN'T COUNT. IMO

[WarMachine]

I know of a clothing company that turned into a mining company(what a coincidence). Another KNOWN SCAM that managed to do a ticker and name change. These things do happen just like this trash stock.

SEC and FINRA will find a way to close that loophole that some scum are using to coach the company thieves into doing. Seems to be a pattern there. Bogus news with timed promotions followed by name and ticker changes. I hope they imprison the team doing them.

[DragonBear]

Hmmm-- wonder how a real scam gets thorough symbol change

Step 1: Change company name with a new Nevada state filing.

Step 2: Request a new ticker symbol from S&P

Step 3: Submit a corporate request action to FINRA. Alert your TA to file a TA verification form for the ticker change at the same time.

Step 4: FINRA within the 10 day review period asks the TA to confirm they are ready to deal with the ticker change. And then grants the ticker change.

FINRA passes no judgement on whether a stock is a scam or not. It's the job of the SEC to make that determination, and the SEC has no part in the FINRA process of a ticker change. A ticker change means absolutely nothing.

The only comedy is the ticker change took months. Why? Because the Chinese Masters used the time to create a few PRs as something grand and wonderful.

Meanwhile the Chinese Masters have a problem. From the OTC site:

This company may not be making material information publicly available.

If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.

Now that's an area where FINRA and the SEC can get together on. Careful Chinese Masters - thin ice.