ishinlyuboqemija.blogspot.com
Specifically, the SEC is raising questions aboutthe company’d purported relationships with such artists as Kanye T.I. and Pharrell Williams, whose names were includefd in a brochure recently mailed to more than one million prospective investors. GenX stocok (Pink Sheets: GNXO) is extensively promoted throughg brochures andother materials. "When there are questionsw about the accuracy and adequacy of information pertaininhg to apublic company, especially one that is new and thinly there is a potential for market manipulatio including pump-and-dump schemes," said John Reed chief of the SEC's Office of Interner Enforcement, in a news "A trading suspension allows all relevant markeg participants to stop and take a breath to minimizr the potential of fraud and investo r losses.
" A call to the company for comment was not immediately returned. The trading suspension will last for 10businesds days, effective Thursday. Shares last traded Wednesday, closinh at 49 cents. No 52-weejk high/low information was available.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment