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Biomagnetics Diagnostics Corp. Message Board

  • vmax40grain vmax40grain Oct 7, 2013 1:56 AM Flag

    SEC Cross-Border Working Group...

    google it...

    "SEC Charges China-Based Company and CEO in Latest Cross-Border Working Group Case FOR IMMEDIATE RELEASE
    2013-115 Washington, D.C., June 20, 2013 — The Securities and Exchange Commission today charged a China-based company and the CEO with fraudulently misleading investors about its financial condition by touting cash balances that were millions of dollars higher than actual amounts.

    The case is the latest from the SEC's Cross-Border Working Group that focuses on companies with substantial foreign operations that are publicly traded in the U.S. The Working Group has enabled the SEC to file fraud cases against more than 65 foreign issuers or executives and deregister the securities of more than 50 companies."

    Just sayin'....I found it interesting.

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    • Not even relevant. These are foreign based companies. Read what you find carefully before posting please.

      Sentiment: Hold

      • 2 Replies to rileyandcass
      • "The case is the latest from the SEC's Cross-Border Working Group that focuses on companies with substantial foreign operations that are publicly traded in the U.S. The Working Group has enabled the SEC to file fraud cases against more than 65 foreign issuers or executives and deregister the securities of more than 50 companies."

        So our imaginary PVA 'announcement' which we all eagerly await would fail to qualify as an asset in China if it were in fact true? Are we not 'publicly traded in the U.S."?

        Our "biofuel" plant in china which increased production and was purported by hardman to likely be producing revenue shortly (a few years ago) would not qualify as a chinese asset if it too weren't a lie?

        SEC doesn't seem to care that a pump dump scheme was run three years or so back using 'chinese assets' and U.S. taxpayer funded research for the IOBS as bait but maybe, just maybe, they'll pay attention when hard assets are actually claimed by hardman and aren't just deals in the making or LOI's or in the 'due diligence' phase....likely with canadian citizens not actual chinese citizens....

        Hope springs eternal....and still waiting for that fabled soon to be issued press release claiming once again that funding has been "obtained"....eagerly.

      • Update out.

        Vamx is so off base here. He has to play this card in hopes to get us to sell or cast doubts in any newbies. However, I do not want newbies getting in also. This is a roll of the dice and I'm happy waiting for the outcome. I actually have the best feeling I have had in a long time.

        Sentiment: Hold