There are certainly a lot of oddities about the CRGP situation and I continue to follow it with extreme curiosity. One interesting detail involves the TA of this stock - Signature Stock Transfer out of Plano TX (Jason Bogutski). Jason's brother Robert spent time in jail for his role as a TA in penny stocks back in the 90s, and you'd think that Jason would mind his Ps and Qs as a TA knowing what the ramifications are for running afoul of the law and/or the SEC. He has been the TA on a number of oddball penny stock cases in the last 6 years, yet to my knowledge has never been sanctioned by the SEC. I'll briefly highlight two stocks of interest - EIGH and SUGO (now QBAN). EIGH attempted a stock dividend the summer of 2010 but it failed and the SEC suspended the stock to the greys in November 2010. The SEC took EIGH to civil trial in 2012 - the company offered no defense, had no representation, never responded to the case at all, and the judge filed a default judgment against the company in 2013 and 2014. On April 7 of this year the judge closed out the case, but the next day the SEC reminded the judge that there was still an open motion regarding civil penalties against the company and on May 11th the case was re-opened. It remains open today despite EIGH never offering a defense.
SUGO is another Bogutski stock. It opened trading in June 2009 and was suspended in July 2009 by the Canadian version of the SEC (the BCSC). Finra had approved the stock for trading even though it listed as owners 40 individuals with similar names living within close proximity in British Columbia. Only 125,000 shares of the 4.5 million certificate shares were deposited into a brokerage account - the rest were frozen in the suspension and never allowed to trade. Four certificates were transferred to an American who broke the certs up into smaller certs which were purchased by a couple dozen people and probably kept in cert form. Bogutski facilitated the transfer despite the freeze. The SEC interviewed the American and another person involved in the process yet never suspended the stock over the last 6 years.
There is much more going on here than meets the eye in my opinion, and I will continue to watch and wait to see what the next step is.
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Calissio Resources Group, Inc. (CRGP) Stock Research Links
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