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Big Brother

06/28/17 8:36 PM

#335 RE: bogblog #332

Concerning promoted tickers, the whole suspension system is a complete joke.

Basically, any rogue 3rd party(shareholder, convertible debenture holder, etc) who needs to dump shares can pay for a promo, sell their shares before the SEC finds out and get the ticker suspended. They still make their $$$'s, while everyone else, including the company gets screwed, how in the world is this fair for anyone..??

It's a totally asinine and broken system, with no rhyme or reason for who they select to suspend, that punishes virtually everyone, except for the 3rd party who caused the problem in the first place....lol....wtf.

As long as a company can provide verifiable evidence, that corroborates what was said in their PR's, the SEC should conclude their investigation and let the ticker resume trading normally.