For the record: SEC Suspended trading in Andalusian Resorts & Spas $ARSP a week ago

Okay this is a week late but Andalusian Resorts and Spas (ARSP) was an active promotion right before the SEC suspended trading in the stock so I felt that I should post it for future reference. It was promoted by StockCabin.com and LionPennyStocks.com on May 15th. ARSP will reopen for trading at the market open on June 3rd. Read Janice Shell’s article on ARSP. See the letter of intent to purchase Mona Lisa Hotel and Resort; it is likely that this proposed purchase is what resulted in the trading suspension.

SEC press release (pdf)
SEC suspension order (pdf)

 

From the SEC press release:

The Commission temporarily suspended trading in the securities of ARSP because of questions
concerning the adequacy and accuracy of assertions by ARSP, and by others, in press releases
and other public statements to investors concerning, among other things, the company’s business
combinations.

arsp

Disclaimer: I have no position in any stock mentioned. I have 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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