Replies to post #3354 on SEC Suspensions & Revocations

[Mr. Bill]

LOL you mean GVRP / MAMG - a 3M to 1 FS gone bad ?

With a Max OS of 100M they could have 33 shares

LOL - ROTFLMAO - Oops insiders sold 128K shares in advance of the 3M to 1 FS with shares attached...

Per SEC rules (i think 18b something lol) if someone sells a stock with a large dividend attached they are responsible for the dividend

Instead of making those whose errored pay - by buying back in the marketplace - per the rules - they suspended it to the greys and never did make those with a short position cover....

a company sold 128k/33 or 3800 times - in a naked short -

all the insiders got was a slap on the risk and they still got to keep their money

i owned he company 30 times - had 3B shares

oh wait that was back in 2005 lol

still pissed as hell - and appropriately so - the day the market (with 100% loss of integrity) DIED

[Renee]

There have been dozens of stocks that had their registrations revoked on or before the 10 day SEC suspension expired. Most of the time it was the company that accepted the revocation from the A.L.J.

One that comes to mind was LAHO, but I would have to scroll through a lot of posts to find the others.