(PXCE) Quote

PXCE: inactive security. FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

More about the fraud committed here by promoters.

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21861 / February 17, 2011
Securities and Exchange Commission v. Sakwinder Singh Narwal, Justin Beck, Brian Hill, and Larry Downs, United States District Court for the Southern District of California, Case No. 3:11-cv-00303-JAH -POR (filed Feb. 16, 2011).
SEC Charges Three San Diego-Based Stock Promoters and a Canadian Citizen in a Pump and Dump Scheme

The Securities and Exchange Commission charged three principals of Del Mar Corporate Communications, LLC, a San Diego-based investor relations company, and a Canadian citizen for committing fraud while promoting a penny stock company headquartered in British Columbia, Canada.

In a complaint filed in U.S. District Court for the Southern District of California, the SEC alleges that Sakwinder Narwal, a British Columbia resident, hired Del Mar Corporate Communications, which is now defunct, and its principals Justin Beck, Brian Hill, and Larry Downs to conduct a telemarketing campaign designed to dupe investors into buying the stock of Pax Clean Energy with exaggerated claims about the company’s future prospects and stock price.

The SEC alleges that beginning in February 2009, Narwal hired Del Mar Corporate Communications to promote Pax Clean Energy and its planned merger with another company. The SEC alleges that Narwal funded and controlled the entire fraudulent campaign. He directed Beck, Hill, and Downs to hype the stock by telling investors that Pax Clean Energy would be the “next Google” and its price would rise to $100 per share by the end of the year. The SEC contends that by April 2009, the defendants successfully pumped the stock price to an all-time high of $11.24 per share. During this time, and without disclosing to investors, Narwal and Del Mar Corporate Communications repeatedly sold Pax Clean Energy shares — the very securities they were recommending investors to buy – reaping proceeds of almost $455,000 and $140,000, respectively.

The SEC’s complaint charges all four defendants with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The SEC seeks a permanent injunction, disgorgement, a civil penalty, and a penny stock bar against Narwal.

Without admitting or denying the SEC’s allegations, Beck, Hill, and Downs have agreed to settle the charges against them. All three agreed to an injunction, and additionally, Downs consented to a penny stock bar. Beck and Hill also agreed to certain undertakings and a five year conduct-based injunction. The SEC requires all of them to pay disgorgement relating to Del Mar Corporate Communications’ stock sales along with pre-judgment interest, and Downs to pay a civil penalty, but waives these payments based on their sworn financial statements. The SEC did not seek a civil penalty against Beck or Hill.

The SEC has entered into cooperation agreements with Beck and Hill. The terms of their settlements reflect credit given to them by the SEC for their substantial past and anticipated continuing cooperation in its investigation and enforcement action.

The SEC previously suspended trading in Pax Clean Energy on April 28, 2009, due to questions about the accuracy of the information circulating in the market about the company. See http://www.sec.gov/litigation/suspensions/2009/34-59827.pdf.

The SEC would like to acknowledge the assistance of the British Columbia Securities Commission in this matter.

SEC Complaint

When Delmar was pumping me on Thwapr they told me that Thwapr had hired them to promote Thwapr. After the crash they told me that pxce had hired them. Why would pxce have hired them?
Only one reason I can think of.

righty are you still awaiting clarification on this one?

LOL

Perhaps you should ask righty that question as he was paid by DelMar to promote this on two separate occasions.

Maybe he is aware of what has become of them?

We all can see what has become of PXCE. $11.00 to .01

Perhaps the most monumental collapse I have ever witnessed.

10 bucks to a penny in only 25 trades. Nah this wasnt pumped up like the largest bloated pig ever

Any ideas about what will happen to Del Mar, if anything? They certainly misrepresented the deal.

grtani the SEC could care less if Mobile Video merged into any worthless penny stock shell. Fact is, the deal never closed. More disturbing is the probability that the deal was never meant to close to begin with and was only being used to try and sell over inflated stock to the general public. Thankfully the promotion was 2nd rate and the SEC moved in before any real damage could be done.

Why don't you email the "THWAPR" (Better known as mobile Video) company and ask them what their next move is going to be.

PXCE is run by a man who has been in serious trouble in the past for running the shell game. No reason to believe this venture was any different.

Don't have a clue. Thats what I'm trying to find out.
Maybe SEC doesn't believe THWAPR can meet their projections. Maybe 36-1 conversion.
What is Thwapr's next step?

really? ......and just what kind of problem do you think the "SEC" Had:

re:with the merger of Thwapr into PXCE.

we're all ears? please let us know why you think this way?

-Shortzy

I think the SEC had a problem with the merger of Thwapr into PXCE.

They didn't live up to their end of the contract. Read the 8-K letter which gave specific dates to comply and see how PXCE missed those deadlines.

grtani... WOW please help me out here? First off the SEC doesn't approve or for that matter dis-approve of any stock! LOL where do you come up with this stuff?

2.) I see that you just became a IH subscriber as of July 5th, 2009? What exactly do you see in this up standing company that interest you?

regards

-Shortzy!

What did PXCE do?

It has nothing to do with the SEC. This is the fault of PXCE.

Do you know reason SEC wasn't approving merger?

Actually PXCE had a IR company pushing the stock. That company was Del Mar Corporate Communications who hired righty (Market Medias) to promote the stock and the deal that never closed..

Mobile Video cancelled the contract when the deadline came and went.

Because Mobile Video had an IR company pushing their stock.

Posted by: righty Date: Wednesday, April 22, 2009 1:44:35 PM
In reply to: Risicare who wrote msg# 762 Post # of 950


I see it as possibly a very smart move...they likely got a good price.

If one has to compare the brain power of the new coming mgmt to the critics, in order to flesh out the fearmongering from the deal that is about to close...I would side with the smart fellers.

The deal that is about to close eh? Or perhaps the deal that is never going to close and the stock that ended up in the crapper?

Why would they? It was PXCE who failed to meet their obligations under the contract. When you look at this it becomes quite obvious who made money off the failed deal.

Wonder if Mobile Video will do anything for people who bought PXCE?

Well, it looks as if the house of cards has fallen. All that's left is the SEC litigation.

ouch

Last 1 trades today Time X Price Chg Vol
09:39:25 Q 0.05 -0.95 400

Well that 8-K comes as absolutely no suprise. Just glad the SEC moved in and put a stop to this ahead of the curve instead of behind it. In this instance the SEC actually did protect many people from serious financial harm.

EX-99.1 2 exhibit99-1.htm TERMINATION LETTER



http://www.sec.gov/Archives/edgar/data/1408961/000106299309002299/exhibit99-1.htm

Pax Clean Energy files 8-K;

http://www.sec.gov/Archives/edgar/data/1408961/000106299309002299/form8k.htm

Good luck.

Why is a "DD" post still showing as a "sticky" when the SEC has pretty much explained that this company was trading on inaccurate, noncurrent information? Isn't that "sticky" kind of misleading to potential investors?

righty looks like this stock got stopped dead in its tracks! The word Thwapred comes to mind!

~Shorts

Last trade $2? OUCH!!!! Suspension is over I really thought the promo team would be out in force today roasting the SEC for their flawed opinions. Guess not. Last price before the suspension was $9.99

Ya I see no more bid or ask? What a surprise!LOL

where did the *awareness* folks go?

~Shorts

I guess putting out accurate and current info in order to avoid the grey market wasn't part of the "THWAPR" buiness model?

NOT A SINGLE ONE!

RE: I wonder how many shares are actually held by the general public?

These awareness programes are totally geared to penny and sub penny stocks.. All the Ra Ra Ra and shicumba will never get those folks interested in a TEN DOllAR MANIPULATED STOCK..

BTW where did all the awareness folks run off to? LOL

regards

~Shorts

Not a single trade eh? I wonder how many shares are actually held by the general public?

methinks it might gap down today. It will be on the greys which means a b/a will be very difficult to see of determine.

although I do not claim to be a great prognosticator I am thinking it might gap down.

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading of the securities of Pax Clean Energy, Inc. (“Pax Energy”), of North Saanich, British Columbia at 9:30 a.m. EDT on April 28, 2009, and terminating at 11:59 p.m. EDT on May 11, 2009.

Haven't seen any explanation from PXCE on the suspension. Certainly won't sit well with investors come tomorrow when this starts trading again. I highly doubt there will be any swapping of shares going on.

greedy__malone... It is a GREY matter now! kinda like no begining or end... Something like Pergatory or riding down a highway that is on the way and in the middle of nowhere!

~Shorts

Still nothing from this company about the suspension?

Hey, what happened to the aquisition? That has kind of gotten lost in the shuffle here. No update on anything eh?

Just the deafening silence from all parties involved.

Experience tells me that silence means things aint all kosher in Pickletown.

Shorts I find it funy how any and all negative comments from "posters" is met with almost immediate and stiff resistance but when the SEC comes in, suspending PXCE for the exact same things we were taliing about, the instant rebuttals and stiff resistance melts into a puddle.

greedy were you expecting them to? LOL where did media marketiers go? Double LOL

~Shorts

PXCE still has not addressed their shareholders?

Well, that speaks volumes.

Kilgore Mullet... I see the stock price has now stabilized! LOL

RE: IRP question: Were any due diligence procedures performed that might offer some assurance to investors that this stock is not a scam?

~Shorts

MasonTrend had the disclaimer on some of his first posts on the board:

Posted by: MasonTrend Date: Tuesday, March 10, 2009 9:52:58 PM
In reply to: MrBigz who wrote msg# 74 Post #77 of 925 [Send a link via email]

Compensated Awareness Post - View Disclaimer

Mr.Bigz Amazing Chart don't you agree...eom

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36193649

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Not to be patting my own back, but I can smell a rat when there is one to smell: (This is not a slam on your pet rats Janice, but I hate the wild stinky ones)

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Posted by: Phil(Hot Rod Chevy) Date: Thursday, February 26, 2009 10:22:58 AM
In reply to: None Post #37 of 925 [Send a link via email]

I just boardmarked this board.

My gut feeling tells me I should sell it short here since it's marginable, and I feel it's a P&D in the making.

The SP moved from .025 to over $2.00 on a purchase of 2,000 shares, and there has been steady, low volume accumulation.

I smell a rat.

Phil

Count on what a halt?

We also frequent popular LIVE stock chat rooms where individual and trading groups congregate.

Paltalk, by any chance? God help us.

You might, however, consider worrying about the SEC, if you ever claimed you were being paid to promote PXCE.

Janice, Zardiw quit after the suspension.

Evidently his short stint as a promoter wasn't what he thought it would be.

Market Medias [sic] now says it got another $25K for PXCE:

Market Medias was compensated $25,000.00 cash, for ONE month's service (April 14th, 2009 to May, 14th, 2009), by a third party for the (PXCE.OB) profile, MARKET AWARENESS, "company material" and advertisement’s.

http://www.marketmedias.org/disclaimers.htm

So righty's dropped disclosure for a contract that ended less than a MONTH ago?? That's "transparency"??? I seem to remember rightly talking about transparency a lot on the IRP board.

I was going to get compensated after 15 days but never did.

Why not? Because the SEC shut the company down? Or did righty just keep the money for himself?

MasonTrend and Rhubarb evidently work for righty.

What about Zard? His disclosure reads: "To be announced"...

So is righty giving some of his $50K to those three?

Where'd MasonTrend report that? His disclaimer says: IRP subscription status: Inactive..

But if you click on "Show History" and then hit the most recent disclosure, you're redirected to none other than the "Market Medias" [sic] site.