Another day, another SEC suspension of a big pump and dump before the final dump and before volume has faded to nothing. Today the SEC suspended trading in Norstra Energy (NORX), a mailer pump that started back in April (see my post on the pump from April 3rd). Norstra Energy will resume trading on July 11th.
The SEC’s explanation for the trading suspension was the usual boilerplate:
Questions have arisen concerning the adequacy and accuracy of press releases and other public statements concerning Norstra’s business operations
See my blog post yesterday on the SEC’s suspension of Biozoom (BIZM) and other pumps this years.