Replies to post #1323 on Sanwire Corp (SNWR)

[samsamsamiam]

LOI’s like that are common in pinky pump and dumps.

And what makes you so sure the SEC wasn’t referring to the SqueezeReport LOI press release about that pump and dump when they suspended it?
That LOI press release was just prior the last one that shut them down.
Note in the suspension notice the also mention problems with previous press releases.
The suspension came less than a month after they put out that LOI.

UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 81679 / September 21, 2017 The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading in the securities of Grupo Resilient International Inc. (f/k/a Paradise Ridge Hydrocarbons, Inc.) (“GRUI”), of Addison, Texas, at 9:30 a.m. EDT on September 22, 2017, and terminating at 11:59 p.m. EDT on October 5, 2017. The Commission temporarily suspended trading in the securities of GRUI because of because of questions regarding the adequacy and accuracy of statements in the company’s September 7, 2017, press release about the company’s provision of Hurricane Harvey disaster relief, including claims that the company had added a “FEMA approved contractor” to the board of its subsidiary and that the company was currently deploying workers and preparing to deploy a network of mobile broadband trailers to assist with Hurricane Harvey relief efforts in Houston. There are also questions regarding the adequacy and accuracy of other statements made in the company’s prior press releases. This order was entered pursuant to Section 12(k) of the Exchange Act. The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at [phone]. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to GRUI’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. If any broker-dealer or other person has any information which may relate to this matter, contact Valerie A. Szczepanik, Assistant Regional Director, New York Regional Office of the Securities and Exchange Commission at [phone].