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nateeeeee

11/13/13 11:37 AM

#3441 RE: HokieHead #3440

Spreading reality, it is what it is, just showing you guys what happens after so you're not surprised
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Gary_X

11/13/13 11:49 AM

#3443 RE: HokieHead #3440

Did anyone notice the PVEN stock glitch (see bold section below) when the FVSTA order of suspension mentioned another security?? Strange oversight...

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Release No. 34-70835 / November 8, 2013

The Securities and Exchange 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 Far Vista Petroleum Corp. (“FVSTA”), of Levittown, NY, at 9:30 a.m. EST on November 8, 2013 through 11:59 p.m. EST on November 21, 2013. The Commission temporarily suspended trading in the securities of FVSTA because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, FVSTA’s business prospects, operations, and control. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act). 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 company. 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 suspension, 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 PVEN’s 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 contact John P. Lucas, Senior Counsel, at (202) 551-5798 .
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DragonBear

11/13/13 1:16 PM

#3452 RE: HokieHead #3440

FVSTA has about 9.5 days yet to PR that they indeed are legit.

So all FVSTA has to do is issue a PR stating: We did nuttin wrong!... and that's it? The SEC will reverse the suspension, with the stock back trading on the pinks? It doesn't work that way. They will need to register the stock. Where they have to come clean in the filings, which could be equivalent to a self hanging. Wonder if that's the reason so few ever go through the motions of registering the stock? Ummm.

PVEN pre-suspension was:

10/29/2013 0.08 4,448,927

started at 01, and went to 0025, then back to 004. That's -95%. Typical for a first day post suspension trading.

Per another post PVEN gets mention in the FVSTA suspension because it's a Polish stock vs FVSTA Russian flavor. It suggests a common internal SEC investigating team for both stocks. Where someone inside the SEC got sloppy, inserting PVEN into the FVSTA suspension notice.