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SEC Temporarily Suspends Trading on Petrotech Oil and Gas

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03/17/2014 | 02:55pm CEST

On Mar. 14, the Security and Exchange Commission (SEC) announced that it was temporarily suspending trading of Petrotech Oil and Gas Inc.?s (OTC Pink: PTOG) stock.

The temporary suspension ends on Mar. 27 and was based on questions regarding the accuracy and adequacy of public information concerning the Bedford, Texas-based company's operations, the SEC said. So far, the company has not commented on the suspension.

Going Into Legal Marijuana Production

Before the suspension, Petrotech announced on Feb. 26 it has expanded Cannabis and Hemp production and distribution channels in states of Washington and Colorado. The company said it has secured a Medical and Recreational License from the state of Colorado, and has signed on six licensed growers, as well as three additional growers in Washington. The growers are currently negotiating to lease warehouse space in Tacoma, Washington, and a dispensing storefront in Telluride, Colorado.

As a result, Petrotech said at the time that it has increased its projected production capacity to a minimum of 60-70 pounds per state, per month, with an average market price of $3,000.00 per pound.

Find out what could be the best investor?s move when it comes to PTOG by getting the complete report here, or by cutting and pasting the following link in your Web browser:


Minerco Resources Inc. Stock Volume Soars

In other news, Minerco Resources Inc. (OTCQB: MINE) share volume soared Mar. 14, with 86,308,536 shares changing hands, more than double its three-month volume of 35,811,270 shares.

The Nashua, N.H.-based company is the parent company of Level 5 Beverage Company, a specialty beverage company which develops, produces, markets and distributes a diversified portfolio of all-natural and highly functional brands.

The company has developed the LEVEL 5 and COFFEE BOOST brands and has acquired the exclusive worldwide rights to the VitaminFIZZ Brand. The products are currently available in Southern California and Arizona and online at Amazon.com.

While there has been no breaking news or press releases regarding the company of late, industry experts speculate that perhaps its COFFEE BOOST brands have been gaining some traction online, which would explain its sudden uptick in stock volume.

On Mar. 14, MINE?s share price closed at 0 0.005 cents, up 0.0008 cents from its close of 0.0042 cents the previous day.

Find out what could be the best investor?s move when it comes to MINE by getting the complete report here, or by cutting and pasting the following link in your Web browser:



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© Accesswire 2014
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