Replies to post #28794 on China MediaExpress Holdings, Inc. (fka CCME)

[dipstick55]

SEC will not suspend on pink sheets (if it goes there). There are many many non-reporting, shells at .0001 cent on pinks. They virtually have no regulators...Unless they found MAJOR MAJOR illegal going on.

[GorillaGorilla]

Why was Rhino allowed to trade? Clearly, they admittedly lied about 2.5 of their 5 contracts - open and shut case for SEC. Surely, that's a major fraud? Why not stop that trading?

Instead it just traded along until it went dark.

rich

[UpstateChris]

I simply do not see the SEC suspending trading if it goes to pinks. Lets be honest here, half or more of the pink stocks today are shells owned by 1 guy with less total annual revenue than a fry cook at McDonald's. You can read through these forums and find many - most fully admitting that they have no real business just empty pipe dreams - and the SEC doesn't care.