Face Up Entertainment Group, Inc. (OTC:FUEG) – How The Tables Have Turned

Only a day had passed after we warned you about the beginning of a new pump for Face Up Entertainment Group, Inc. (OTC:FUEG) and now it has come to an abrupt end. SEC intervened and put a two week suspension on all trading with FUEG‘s shares.

After the massive gain of more than 60% on April 3, we were eagerly awaiting to see if the next session will bring a devastating plunge. Well, we were left waiting when SEC issued a suspension of trading regarding FUEG.

As of April 4 they stopped the securities of Face Up because of questions concerning the adequacy and accuracy of publicly available information, including, among other things, its financial condition, the control of the company, its business operations.These are some serious allegations. The good news for FUEG‘s fans is that this is only a temorary ban – lasting till April 17. An added bonus for the company was OTCMarkets’ skull and bones mark

All of this comes in the wake of some really promising press releases that got our hopes up – a collaboration agreement with Bad Beat on Hunger, Inc. to promote a series of entertainment tournaments and social networking initiatives. Even a strategic partnership with THPT, one the biggest bar poker leagues in the state of Florida, was achieved. Many investors bought in on the hype encouraged even further by the distributed pump emails.

Apparently we weren’t the only ones worried by the lack of any current financial information but poker enthusiasts shouldn’t despair just yet. We will continue to follow FUEG‘s story as it develops and inform you what their fate will hold in two weeks’ time.