What a joke! Hundreds to Thousands of pink stocks (that is why they are pink) do not file and are not suspended. Oh this one has an OS of 750K so we dont like our buddies (ie MMs) short positions and will just find an excuse to suspend it.
The Commission temporarily suspended trading in the securities of the foregoing companies due to a lack of current and accurate information about the companies because they have not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).
The SEC are such frauds!
Case in point - they allowed and supported GVRP being sold by insider friends and let them keep the money.
Let us review - rule 10-b17 stated that on large dividends if someone sold early they were responsible for the dividend. So insider friends/company officers sold 150K shares when the OS was 11 and float was 1. HUGE problem.
The resolution - fraudsters at SEC bailed them out by sending GVRP/MAMG to the pinks after the 3M to 1 FS saying there were some questions about it's share structure. Forget about the rules!
Just remember (SEC) one day you will stand before GOD and answer for what you have done on Earth!
We all will have to do that one day - it is called atoning for your sins!
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