• Jul. 10, 2013, 10:55 PM

    Biozoom (BIZM.OB) came off a trading suspension Wednesday and plummeted 87% during the session. Trading was halted by the SEC on June 25 due to a "lack of current and accurate information" (pdf). Since then, the regulator has sued 10 Argentine citizens alleging they illegally sold millions of BIZM shares. The lawsuit, combined with the trading suspension, "demonstrate the SEC’s ability and commitment to act swiftly to halt ongoing illegal conduct and preserve assets," the SEC's associate director of enforcement said. SA Pro contributor Ashraf Eassa called it on two separate occasions (here and here).

    Jul. 10, 2013, 10:55 PM | 1 Comment
  • Jun. 25, 2013, 11:27 AM

    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.

    Jun. 25, 2013, 11:27 AM | 6 Comments