Replies to post #7299 on Institutes of Biomedical Research Corp (MRES)

[fcpgalltheway]

So Earnest, we have MRES that has not filed with the SEC since 2013 and it is still traded, whereas FCPG simply failed to comply with the extension of time provided by the SEC and was suspended. Of course, I know that the removal of FCPG from pennyland trading was really due because they failed to pay the marketmakers and the transfer agents and that spells disaster for any penny stock.

So, MRES can continue trading for ever without the SEC bothering about it as long as the fraudsters can pay the fees that keep the company listed. I imagine the people in Canada are not bothered right now because sooner or later they will come up with some spectacular news and they know that this stock will move up again.

http://www.sec.gov/Archives/edgar/data/1432254/999999999715010454/9999999997-15-010454-index.htm