PacWest Equities, Inc. (OTCMKTS:PWEI) Suspended!

Just three days after the second attempt to pump PacWest Equities, Inc. (OTCMKTS:PWEI) started, the stock got suspended.

When I wrote it posed a danger for novice investors and noted that the OTC Markets were pretty quick slapping the Caveat Emptor label, I didn’t expect it would come to a suspension this quickly.

This is really bad news for those who got in on the pump early. At this point, it’s not clear when, or if, the suspension will be lifted; a revocation is not out of the question. Even if PWEI resumes trading at some point, it’s doubtful there will be any willing buyers, and if there are it won’t be at the prices prior to the suspension.

So far, neither the company, nor the pumpers at Awesome Penny Stocks (APS), or Victory Mark, have made any comments. In fact yesterday, the pumpers were quite optimistic in their emails.

Instead of a comment, minutes ago, PWEI issued yet another hype press release containing little relevant information.

Both APS and Victory Mark’s Select Penny Stocks went on about how PWEI could quickly get to $0.50 and how it traded above $1 last October.

It will be curious to see what APS will come up with after the Xumanii International Holdings Corp (OTCMKTS:XUII) fiasco, and now this flop. Whatever they say, their (for a lack of a better word) “credibility” as pumpers will be hurt severely.