53chevy
16 years ago
According to the SEC halt document, it was halted for the release of false and misleading information. I searched Google and Yahoo, and never found a single PR that Arcaro had released, and he had never updated either Pinksheets or Nevada SOS, other than taking over the shell as officer of record. That's why I had stated it was a BS halt.
The SEC seems to be on a shell witch hunt this year, revoking a number of registrations on shells that had failed to file Form 15's when they went under, and the new owner had failed to submit filings or a 15 either. Just the SEC's way of "protecting" the investor........and I have never heard of Kevin Dills
53chevy
16 years ago
Sure would have liked to have seen the supposed suspect press release(s) that the SEC claims were suspect. I have Googled, Yahoo'd, and EDGAR'd myself to death trying to find a single word that Arcaro would have put out to have caused the suspension......and even though the suspension ended as of the 22nd, it is no longer trading. Can't even find it on the greys..........
Thanks a lot, SEC. Another stellar performance of focusing on "scammers"..........while you allow the likes of Raven Moon to continue............
Jul 8, 2008
Pink OTC Markets News Service
Las Vegas, Nevada—
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 58116 / July 8, 2008
SECURITIES AND EXCHANGE COMMISSION TEMPORARILY SUSPENDS TRADING IN VMT SCIENTIFIC, INC.
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 of the securities of VMT Scientific, Inc. ("VMT"), of Las Vegas, Nevada at 9:30 a.m. EDT on July 8, 2008 and terminating at 11:59 p.m. EDT on July 21, 2008.
The Commission temporarily suspended trading in the securities of VMT because of questions that have been raised regarding the accuracy of assertions in press releases concerning, among other things: (1) the legal status of VMT Scientific; (2) VMT Scientific's business combinations; (3) VMT Scientific's current financial condition; and
(4) VMT Scientific's assets.
Don't Drink It, just Sip It....then move on to the next play