Friday, September 21, 2007

Pink Sheets Warning for Oncology Med (ONCO.PK)

PinkSheets.com page for for Oncology Med (ONCO.PK) does not contain a stock quote and other stock information like it does for most others.

Oncology Med (ONCO.PK) is one of the penny stocks, currently the target of stock spam, labeled "Caveat Emptor."



See two earlier posts on Oncology Med (ONCO.PK): Strange Oncology Med (ONCO.PK) Spam, Oncology Med (ONCO.PK) Spam for Friday, "Rumor News"

Here's what PinkSheet's.com says:

Pink Sheets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons.
  1. The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public;
  2. The security has been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public; or
  3. The security is the subject of a spam promotion having the effect of encouraging trading of the issuer's securities, or represents, in Pink Sheets view, a public interest concern.
Consequently, Pink Sheets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink Sheets Guidelines for Providing Adequate Current Information (PDF) and until Pink Sheets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.

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