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TenKay

11/22/14 6:40 PM

#706 RE: MaxPow #705

Nice to see the SEC actually moving relatively quickly on scams trying to use an epidemic scare to sell shares

DragonBear

11/23/14 3:16 PM

#707 RE: MaxPow #705

So I take it the suspension came from that ebola news ?

A series of fraud PRs alone wouldn't cause a OTC microcap stock to be suspended. If that were the case 99% of the OTC microcaps would already be suspended.

What the insiders most likely got nailed on was dumping, with the stock filings in a delinquent state. Violation of Rule 144. The subject of Ebola most likely aided the stock in percolating onto the SEC radar. If the stock had been about something else, maybe the insiders could've continued to dump undetected, and then file a Dec 2014 10K, in an attempt to provide cover for the previous illegal dump. Then hope the SEC didn't catch it later.