Another day, another trading suspension of a big stock promotion. This time the ‘victim’ is Nevada Gold Corporation (NVGC). NVGC has been promoted by illegal spam emails from “StockCastle”. This trading suspension comes just two days after the previous trading suspension of a major active stock promotion, Life Stem Genetics.
George Sharp had also found a hard mailer promoting NVGC.
NVGC will reopen for trading on the grey sheets on December 12th.
From the trading suspension release:
The Commission temporarily suspended trading in the securities of NVGC because of questions
regarding the accuracy and adequacy of assertions by NVGC, and by others, to investors in press
releases and promotional material concerning, among other things, the company’s assets,
operations, and financial condition
SEC trading suspension release (pdf)
SEC trading suspension order (pdf)