The outcomes of some other trading halts...
Janice, thank you for the link.
I looked into some of the companies, and what happened after they had resumed trading. It seems there are mixed results, from one company's stock dropping 100%, to another company's stock gaining 500%. I guess it all depends on if the company provides the requested info, how the SEC interprets the information given them, and how the investing public views the results of it all.
Here is what I found:
GEGP only dropped a small amount after resuming trading
The Commission temporarily suspended trading in the securities of Golden Eagle because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the basis for Golden Eagle's claims of proven gold reserves on its Bolivian mineral concessions. On May 22, 1998, Golden Eagle, which purports to be in the business of developing and mining mineral property in Bolivia and is a defendant in a pending Commission lawsuit [SEC v. Golden Eagle International, Inc. et al., No 98-Z-1020 (D. Colo. May 7, 1998)], issued a press release stating that the company's independent geologist had
determined that the proven gold reserves on the property exceeded six million ounces. The company also stated in the press release that
indicated [and] inferred resources of gold on the property exceeded,
respectively, 78 million and 157 million ounces.
STRU cannot get a chart
RMII went down a little after resuming,
but then nearly quintupled
The Commission temporarily suspended trading in the securities of RMIL because of questions regarding the accuracy of statements concerning, among other things, the ownership and value of certain assets claimed by RMIL, RMIL s business operations and the merger of RMIL with third parties.
Orlando Supercard: couldn't find symbol
USPI: cannot find a chart
LGSP: went from $6 to around $3 after resuming trading
The Commission temporarily suspended trading in the securities of
Legend Sports because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning Legend Sports' financial condition.
Amquest International: cannot find symbol
Combined Companies International: cannot find symbol
HSPA: no chart available
I think, if MTEI can prove their ownership of their assets and their valuations, then everything will turn out ok, and Mountain Energy will have a chance to prove to themselves, as well as their investors, that they are serious when it comes to building a successful energy company.
I guess we will all know very soon...
Good Luck to all
Thank you |
