Replies to post #7275 on Norstra Energy Inc (NORX)

[carolinacoast]

of course. I can accept responsibility for my haste in buying NORX based on great PRs. But to lose a chunk of change, and no the SEC never seeks to create rules where investors are covered when this occurs, only reinforces my opinion. We all bought based on good news. The SEC couldn't care less. This was proper DD. But now what, we sue? It could be so much simpler.

[DragonBear]

The SEC does not help OTC investors; only screws them.

And they could help by doing what? Allowing scams to go on? The SEC can only regulate the market based on the laws. They can not make up the laws on the fly, to regulate with. The result is what you see, the SEC having to wait for a scam to occur, rather than being proactive. A huge weakness in the system IMO is the SEC being prevented from making a public release as to what they found prior to the suspension. The result you have pump sessions with "investors" already hurt months later, diving in deeper.

So you actually trade these suspended stocks on the open? Interesting. You are mighty brave placing market bids. How do you calculate the probability of hitting a .08 instead of a .80? GL in your trading.