Which kinda then raises THESE CONCERNS again wadirum1:
SEC Suspends (MIKP) Trading in the Securities of 16 Companies in Ongoing Effort to Combat Microcap Stock Fraud
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 the following issuers, commencing at 9:30 a.m. EDT on September 17, 2012, and terminating at 11:59 p.m. EDT on September 28, 2012:
AER Energy Resources, Inc. (AERN) Alto Group Holdings, Inc. (ALTO) BizRocket.com, Inc. (BZRT) Fox Petroleum, Inc. (FXPT) Geopulse Explorations, Inc. (GPLS) Global Technologies Group, Inc. (GTGP) KMA Global Solutions International, Inc. (KMAG) Mike the Pike Productions, Inc. (MIKP) Mobile Star Corp. (MBST) SavWatt USA, Inc. (SAVW, formerly SAVWD) Scorpex, Inc. (SRPX) Silver Dragon Resources Inc. (SDRG) Strategic Mining Corp. (SMNG) Surgline International Inc. (SGLN) Thrive World Wide Inc. (TWWI) Zamage Digital Art Imaging Inc. (ZMGD) The Commission temporarily suspended trading in the securities of the above-listed issuers because of questions regarding the adequacy and accuracy of information about the companies, including their assets, business operations, current financial condition and/or issuances of shares in company stock.
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 companies.
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 suspensions, 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 (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the above-named 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, they should immediately contact any of the following individuals:
Glenn S. Gordon, (305) 982-6360 or gordong@sec.gov, Associate Regional Director, Miami Regional Office
Elisha L. Frank, (305) 982-6392 or franke@sec.gov, Assistant Regional Director, Miami Regional Office
Andrew M. Calamari, (212) 336-0042 or calamaria@sec.gov, Associate Regional Director, New York Regional Office
Sharon Binger, (212) 336-0462 or bingers@sec.gov, Assistant Regional Director, New York Regional Office
And "Cornerstone_Marketing" as TenKay pointed out?
Along with some PUMPTARDS seemingly coming out of the woodwork,...
UNREGISTERED IRP with DD packets, CEO conference calls & such, ya follow?
I know, I know... The "STOCK FRUAD SUSPENSION"... it's from 2012, it's OLD NEWS,... I get it! I do.
And therein lies the conundrum! ONE BILLION SHARES (yes, of what I called) OVERHANG -- to NEW INVESTORS -- when folks are up 1,000% or so (at the very least hundreds of percent), may have financed a RETURN to Pink, ...& MAY HAVE engaged shady unregistered IRP's to get the PUMP going...
And there's this of course (if you find that too,.... FAR-FETCHED):
Buy it low, sell it high. I couldn't care less what the CEO does after Pink Current.
Seems like a completely legal way to pump and dump stock. Let it go to Expert Market, bring it current every other year and then repeat as many times as needed for self enrichment.
A sad sick new rules for the OTC Market.
Take advantage of it, then move right to the next ticker.
Aha. I see where you are going with this. There were indeed discussions back around November about getting money together to get Mark to file. We were all getting really frustrated with Mark's inaction and we were discussing trying to get some $$ together to get him to move.
I participated in those discussions, but I did not in the end give or loan Mark any money. In any event, the 10Q for Q1 clearly states that the money paid by MIKP was loaned to MIKP by Mark. No loans or gifts to MIKP from anyone other than Mark appear in that filing. No shares were issued. Even if Mark personally borrowed money from people to lend MIKP money, that would still be Mark using his personal finances to lend MIKP the $$ for SEC registration.
But it sure would have been a SWEET deal if I could have gotten shares at an implicit price of $0.0001! Eh?