Post by
Mhysa99 on Jul 13, 2020 4:59pm
Suspended till July 22nd
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION July 8, 2020
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In the Matter of : : EastWest Bioscience Inc. : ORDER OF SUSPENSION : OF TRADING File No. 500-1 :
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It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension in the trading of the securities of EastWest Bioscience Inc. (“HBOSF” or “the Company”) because of questions regarding the accuracy and adequacy of information that HBOSF is providing to the marketplace since at least May 28, 2020.
Those questions relate to statements HBOSF made about the U.S. Food and Drug Administration’s approval of the Company’s hand sanitizers in a May 28, 2020 press release issued by the Company.
HBOSF is a Canadian corporation based in Vancouver, British Columbia. The Company’s common stock is quoted on OTC Link LLC (previously “Pink Sheets”) operated by OTC Markets Group Inc., under the symbol HBOSF. As of July 6, 2020, HBOSF’s common stock had seven market makers, and was eligible for the “piggyback” exception of Rule 15c2- 11(f)(3) under the Securities Exchange Act of 1934.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed Company.
THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed company is suspended for the period from 9:30 a.m. EDT on July 9, 2020 through 11:59 p.m. EDT on July 22, 2020. By the Commission. Vanessa A. Countryman Secretary
Comment by
OneTwoOneTwo on Jul 13, 2020 6:14pm
What? You mean EAST has been LYING and now they are HALTED as they are INVESTIGATED! And only on the FDA approval of the hand sanitizer? Once they open that can of worms there is likely to be some jail time for good ole Rod and crew. Can't say I didn't warn you. Just wait until they find out that EAST is now a used furniture hustle instead of anything they have reported. lol
Comment by
MJVigilante on Jul 14, 2020 9:24am
Thanks. i asked why, now i wish i did not know. Lets see what comes of this. good thing 1/2 my stock was sold at predetermined amounts. I still have too many shares i bought at 8-10 cents.
Comment by
OneTwoOneTwo on Jul 14, 2020 10:48am
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