Pacific Clean Water Technologies, Inc. f/k/a Unseen Solar, Inc. (OTCMKTS:PCWT) Gets the Axe

The SEC suspended Pacific Clean Water Technologies, Inc. f/k/a Unseen Solar, Inc.(OTCMKTS:PCWT) on Friday after the close. This is the second Awesome Penny Stocks (APS) pump job in a row to get suspended.

At the opening bell, PCWT issued a press release stating it had hired Brenda Hamilton and Hamilton & Associates Law Group to do a forensic analysis of the trading activity of PCWT common stock.

The announcement was probably the reason PCWT managed to close up 27.91% at $0.55 on a little over 20.4 million shares. However, the suspension came at the close. It will last until 11:59 p.m. on October 24, 2013

At that time, PCWT will likely resume trading on the grey market where the previous pump job of APS and Victory Mark trades these days. PacWest Equities, Inc. (OTCMKTS:PWEI) got suspended on Sep. 17 and resumed trading on Sep. 30. On Friday PWEI closed at $0.001 – nearly 99% down from the price before the suspension.

In the case of PCWT the losses may be smaller, as it had already crashed, but they will still be significant for whoever didn’t manage to get out of this disaster on time.

In my previous article, I said the crash of PCWT may have shattered the reputation of APS. The suspension just made things worse. At this point, even if APS decides to come up with another pump job, it’s doubtful it would have the effect APS pumps used to have.