To: Tim Lento who wrote ( 1490) 6/12/2013 6:56:43 AM From: StockDung Read Replies (1) | Respond to of 1589
SEC halts Polar Petroleum after on-line touting 2013-06-11 13:22 ET - Street Wire Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission Also Street Wire (U-POLR) Polar Petroleum Corp This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers. Here is a sample of this item: by Mike Caswell The U.S. Securities and Exchange Commission has halted Polar Petroleum Corp., an OTC Bulletin Board company that went to $5.99 from 99 cents in a one-month span. (All figures are in U.S. dollars.) The SEC cites questions about promotional materials and the accuracy of the company's news. Although the regulator provides few specifics, it is likely referring at least in part to a tout sheet that listed a $27 price prediction for the stock. The halt notice comes just four months after Polar Petroleum started calling itself an oil and gas company, when it acquired leases in Alaska. It had previously been a thinly traded shell, with an office in Edmonton. Within weeks of acquiring the leases, the stock started trading heavily, reaching a $5.99 high on May 14 with volume that day of over 1,003,186 shares.
HARDASSETREPORT.COM Hard Asset Report The remainder is available to Stockwatch subscribers. Click the yellow link above for a free trial subscription. Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch. For information regarding Canadian libel law, please view the . University of Ottawa's FAQ regarding Defamation and SLAPPs It is called 'shock and awe'...and yes, sometimes the promo program works for a few weeks - until the Heat comes a-knocking at your door. Posted by Phatter Dean at 2013-06-11 13:30 unloading 400K a day at $5 when the company isn't likely worth 5c is good if you can get it. Posted by ron at 2013-06-11 16:16 thought this was the deal that John Kaiser was touting to be a takeover target and could have a CDN$70 evaluation with drilling in northern BC, that copper deal, that Kaiser was touting a $2 to $70 number on....guess kaiser has a priest or 2 in his back pocket so its ok? Posted by burp at 2013-06-11 17:54