Kaloyan Gadzhev

PacWest Equities, Inc. (OTCMKTS:PWEI) Suspended!

by Kaloyan Gadzhev September 17, 2013
70PWEI_chart.pngJust three days after the second attempt to pump PacWest Equities, Inc. (OTCMKTS:PWEI, PWEI message board) started, the stock got suspended.

When I wrote it posed a danger for novice investors and noted that the OTC Markets were pretty quick slapping the Caveat Emptor label, I didn't expect it would come to a suspension this quickly.

This is really bad news for those who got in on the pump early. At this point, it's not clear when, or if, the suspension will be lifted; a revocation is not out of the question. Even if PWEI resumes trading at some point, it's doubtful there will be any willing buyers, and if there are it won't be at the prices prior to the suspension.

So far, neither the company, nor the pumpers at Awesome Penny Stocks (APS), or Victory Mark, have made any comments. In fact yesterday, the pumpers were quite optimistic in their emails.

Instead of a comment, minutes ago, PWEI issued yet another hype press release containing little relevant information.

Both APS and Victory Mark's Select Penny Stocks went on about how PWEI could quickly get to $0.50 and how it traded above $1 last October.

It will be curious to see what APS will come up with after the Xumanii International Holdings Corp (OTCMKTS:XUII) fiasco, and now this flop. Whatever they say, their (for a lack of a better word) "credibility" as pumpers will be hurt severely.

Comments 13

1. Guest
September 19, 2013, 09:58AM

Quotes Who do I sue ?

2. Guest
September 17, 2013, 09:58PM

Quotes The suspension will be for 10 days as the SEC said in the actual suspension. Also PWEI cannot be revoked as it does not have registered stock

3. Guest
September 17, 2013, 07:08PM

Quotes XUII was a flop. It didn't get above the price it was at when they picked it for over a month. Actually, several of their last picks have been pretty poor.

4. Guest
September 17, 2013, 06:05PM

Quotes As a novice investor around last year I was trapped by AwesomePenny stocks worthless hype, ofcourse I burnt my hands but never again advise or venture into this crap. Too much of greed lets you nowhere except for frustration and disappointment on loosing hard earned money.

5. Guest
September 17, 2013, 03:58PM

Quotes Anyone who believes that others are genuinely concerned about an individual making money off anything needs to do their own research. I watched this stock drop to the bottom then purchased shares ended up doubling my investment. It's all about research.

6. Guest
September 17, 2013, 03:25PM

Quotes You are correct. Its worth to watch the movie but in that movie
Seth is eventually arrested by the FBI for the violation of 26 SEC regulations, and is brought into their custody.
Is any regulatory body is going to arrest these people and put them in the Jail?

7. Guest
September 17, 2013, 03:15PM

Quotes All you have to do is watch the movie "Boiler Room" and you'll see how these hack shops operate...

8. Guest
September 17, 2013, 03:06PM

Quotes Is there any regulatory body who can stop these kind of misleading investment firms. Investors earn money with a had work and after investing in such a rubbish advised penny stock they loose all their money in fraction of hours. Its really a heart breaking. I recommend all investors not to read a single e-mail from APS or VICTORY STOCKS.

9. Guest
September 17, 2013, 02:16PM

Quotes yea, I did well on last 4-5 APS picks
I Actually bought very little of PWEI because of all the bad press with Xuii. Not sure but think PWEI is done. Will probably stay away from APS now

10. Guest
September 17, 2013, 02:00PM

Quotes Love how Awesome penny stocks didnt even adress the fact that they said they were going to retire after not fulfilling that last promise.

11. Guest
September 17, 2013, 01:59PM

Quotes If you want fiasco's from Awesome Penny Stocks, I bought ACCS at .15 and two hours later it was .03. I still have the stuff and it is trading at .0027 cents. A fool and their money are soon parted. Anyone who believes APS deserves what they get.

12. Guest
September 17, 2013, 01:57PM

Quotes I use awesome penny stocks to see which stocks to stay away from. Everyone they say is so great turns out to be a flop! They shouldn't be allowed to mislead and scam people. they invest and pull out leaving honest investors holding the bag. ignore all there emails everyone!!!!!!!

13. Guest
September 17, 2013, 10:43AM

Quotes How was XUII a fiasco? Anyone who bought in on the dip after the retard filed the spam suit against APS made 50-300% on it.

Type the characters that you see in the box (5 characters).