Friday, October 2, 2009
EWRC - Supposed Buyer's Stock SUSPENDED BY SEC - IS EWRC NEXT???
LVLV a $.0001 Grey Sheet stock was suspended by the SEC (Securites and Exchange Commision) on September 23rd 2009. A week later EWRC rejected a supposed buyout offer from this $.0001 company and one has to wonder what the heck they were thinking even linking themselves with LVLV.
Lets get this straight. EWRC, or more specifically Morales, says the $125 million offer from LVLV was real. He was not being negative about the company when rejecting a 1000%+ gain for shareholders. The LVLV rejection really raises more questions then the ones we have been raising all along.
Lets get right to the point. How can a $.0001 Grey Sheet company with $0 revenue the last two years and $47,000 in cash, that has been suspended by the Securities and Exchange commission for what appears to be a hijacking of the shell, afford to buy a $.0007 reverse split offender for $125 million? It DEFIES LOGIC. There is no way this offer ever was, or ever will be, true. It was a blatant lie.
EWRC might be next to face SEC suspension. They have already linked themselves to a stock that the SEC has suspended for illegal activities. Could they be the ones who hijacked the shell?
The Commission temporarily suspended trading in the securities of the 17 companies because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning their status as publicly-traded companies. Specifically, certain persons appear to have either: 1) usurped the identity of defunct or inactive publicly traded corporations, initially by incorporating new entities using the same names as each of the defunct entities, or 2) reinstated defunct publicly traded corporations without authorization
EWRC continues to fall in price. The $.019 offer was a meager attempt to get people to buy EWRC stock. They did on the onset, but when reality set in they sold. The stock sits very close to $.0001. A reverse split will be the only thing left to prop the stock price back up.
Issuing misleading press releases and associating with companies under SEC suspicion is not the way to run a "business". If this keeps up EWRC's next stock ticker may be HALT.
Lets get this straight. EWRC, or more specifically Morales, says the $125 million offer from LVLV was real. He was not being negative about the company when rejecting a 1000%+ gain for shareholders. The LVLV rejection really raises more questions then the ones we have been raising all along.
Lets get right to the point. How can a $.0001 Grey Sheet company with $0 revenue the last two years and $47,000 in cash, that has been suspended by the Securities and Exchange commission for what appears to be a hijacking of the shell, afford to buy a $.0007 reverse split offender for $125 million? It DEFIES LOGIC. There is no way this offer ever was, or ever will be, true. It was a blatant lie.
EWRC might be next to face SEC suspension. They have already linked themselves to a stock that the SEC has suspended for illegal activities. Could they be the ones who hijacked the shell?
The Commission temporarily suspended trading in the securities of the 17 companies because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning their status as publicly-traded companies. Specifically, certain persons appear to have either: 1) usurped the identity of defunct or inactive publicly traded corporations, initially by incorporating new entities using the same names as each of the defunct entities, or 2) reinstated defunct publicly traded corporations without authorization
EWRC continues to fall in price. The $.019 offer was a meager attempt to get people to buy EWRC stock. They did on the onset, but when reality set in they sold. The stock sits very close to $.0001. A reverse split will be the only thing left to prop the stock price back up.
Issuing misleading press releases and associating with companies under SEC suspicion is not the way to run a "business". If this keeps up EWRC's next stock ticker may be HALT.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment