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The SEC temporarily suspends trading in shares of Biozoom (BIZM.OB) due to concerns the company...

The SEC temporarily suspends trading in shares of Biozoom (BIZM.OB) due to concerns the company is more or less a stock promotion scam as detailed by SA author Ashraf Eassa. Last week - with the stock price about 20% higher than it stood this morning - Eassa laid out for SA Pro subscribers why the stock was likely a zero. In a second article yesterday, Eassa says he wasn't bearish enough.
Comments (6)
  • Christopher F. Davis
    , contributor
    Comments (1278) | Send Message
     
    I rarely have the time to read others' articles not pertaining to my holdings. However I read the article and agreed fully. Good call.
    25 Jun 2013, 11:30 AM Reply Like
  • furtiv3
    , contributor
    Comments (17) | Send Message
     
    Good job Ashraf.
    25 Jun 2013, 12:07 PM Reply Like
  • Terpsman
    , contributor
    Comments (2) | Send Message
     
    Great Job! you saved ne alot of monies.....Thank You so much and GOD BLESS!!!!!!
    26 Jun 2013, 07:57 AM Reply Like
  • slingblade
    , contributor
    Comments (2) | Send Message
     
    Good Work!
    26 Jun 2013, 01:28 PM Reply Like
  • JMAL1
    , contributor
    Comments (3) | Send Message
     
    What? I made a lot of $ on this one. The SEC suspends trading on securities that are just simply late with a filing. If Ashraf (or anyone else) read the 8k filing report from Feb 2013 (or any other older filing) he'd know that The Co. went through 3 leadership changes, a name change, a joint venture with Opsolution acquiring all their patents, IP and all the R&D that was done on spectroscopy since 2004, in exchange for stock. 66.3%. In addition, The Co. has gained the work done with Carl Zeiss through the joint venture. The old company, Entertainment Arts, sold leather goods (also stated in an SEC filing) before the joint venture with Opsolution and before undergoing 3 CEO changes. What happens to their stock now is all due to how "the shareholders" interpret this recent suspension. Like I said earlier: The SEC will suspend trading of a security if in fact there is fraudulent trading activity, and also if it is something as simple as The Co. having a late filing! Considering the recent changes in The Co., the recent advancements in commercialization of their handheld device, without a recent SEC filing stating such activity, I believe it is the latter. I've read more on this company besides the headlines and what's right in front of my eyes. But, hey, that's just my opinion and I don't know anyone in The Co. All I can do is the proper research, digging through the records, and following the company along the way. I think EVERYONE should do their due diligence before following along with what someone says on the internet.
    28 Jun 2013, 05:11 PM Reply Like
  • JMAL1
    , contributor
    Comments (3) | Send Message
     
    EXACTLY what I had thought had happened, has in fact happened: They've just released filing Form 12b-25 " Notification of LATE FILING " (10-k). With all the changes going on for The Co. they, and the accountant(s), simply were not able to complete all the necessary paperwork in time. It does happen... (Do your own research and due diligence instead of listening to what someone you don't know says. You may get put through the ringer, or worse, miss out on a Great Opportunity)
    2 Jul 2013, 05:17 PM Reply Like
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