Spam pump Imogo Mobile Technologies $IMTC suspended by SEC as predicted

I previously wrote about the Imogo Mobile Technologies (IMTC) spam / hard mailer pump. I wrote the following in that post:

The most recent stock promoted by StockCastle was NVGC and that was suspended by the SEC. NVGC was also promoted via a hard mailer. IMTC is definitely at risk of a trading suspension.

So it is hardly surprising that the SEC suspended trading in IMTC this morning

IMTC suspension press release (pdf)
IMTC suspension order (pdf)

The reasoning given by the SEC is their boilerplate:

The Commission temporarily suspended trading in the securities of IMTC because of
questions that have been raised about the accuracy and adequacy of publicly disseminated
information concerning, among other things, IMTC’s business, revenue, and assets.

 

Disclaimer: I have no position in any stocks mentioned and no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

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