Replies to post #12816 on Intertech Solutions, Inc. (ITEC)

[1manband]

The SEC did suspend Preston today for lying about the status of the West Port Gold Mine, which happens to be ITEC's mine, I believe.

"It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension of trading in the securities of Preston Corp. (a/k/a Preston Royalty Corp.) (CIK No. 0001594219) because of questions regarding the adequacy and accuracy of available information about Preston Corp. in light of a false statement about the permitting status of a mine in the company’s August 10, 2016 press release and questions regarding the adequacy and accuracy of clarifications Preston Corp. provided in a September 1, 2016, press release about the mining project."

https://www.sec.gov/litigation/suspensions/2016/34-78757-o.pdf

Looks like the SEC doesn't believe the claims about the permitting status are factual.