This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

The U.S. Securities and Exchange Commission has halted Indocan Resources Inc., the pink sheets listing formerly headed by Vancouver promoter Jeffrey Bruhjell. The regulator cites questions about the "adequacy of publicly available information about the company." The SEC has not made any specific allegations against the company or Mr. Bruhjell, but there is much history.

Over the last 12 years, the company's promotions have included one of the "hottest revitalized oil patches in the country," learning software that would "dominate the North American market," as well as many mining projects. Despite a complete lack of financial statements or any other regulatory filings, as well as a stock total that has ballooned to over 7.4 billion shares, the stock has been up and down many times through these promotions (although it has been mostly below a penny). The only regulatory attention it had attracted before Thursday's halt was a cease and desist order from the Pennsylvania Securities Commission in 2005.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS