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DragonBear

06/11/13 12:13 PM

#45164 RE: petermic #45156

Any theories on why the SEC singled out POLR for attention?

The SEC told you:

The Commission temporarily suspended trading in the securities of Polar because of questions regarding the accuracy and adequacy of assertions by Polar, and by others, to investors in press releases and promotional material concerning, among other things, the company’s assets, operations, and financial condition.



The rough translation: The management of the company has misrepresented the financial condition of the company, and is complicit in a pump&dump.

Did you see this [url]http://seekingalpha.com/article/1493102-polar-petroleum-frozen
[/url][tag]link?[/tag]

Underneath the graph click on the "I received this" link. Up will come a 3rd party stock promotion predicting the stock is destined to go soaring through $27. Seems the pump started with the announcement the company was purchasing some leases associated with the "North Point Thomson Project". The bait being millions of barrels of oil in close proximity leases.

The company PR

Yet the two owners of the leases sold for around a mere $1M?

Well at least POLR is a reporting company, so you can follow the bread crumb trail easier.

Is this your first pink suspended stock you have been in? If not, you know what to do.



Brigham Youngster

06/11/13 1:35 PM

#45174 RE: petermic #45156

Mike Caswell (Stockwatch) came out with a story today which might shed a little light on the matter.