WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Simcoe Mining Resources Inc. (OTC: SMOM) has been administratively dissolved with the Delaware Secretary of State. The Company’s newly-appointed director, Michael Anthony, conducted an internal investigation of the Company’s shareholder records and discovered that certain furtive actions were taken by the Company’s former director and/or officers that have destabilized the Company and have made the market for the Company’s stock highly susceptible to manipulation. This development resulted in the decision to dissolve the corporation.
CUSIP, DTC, FINRA and OTCMarkets.com have been notified and the symbol SMOM has been deleted.
From 1984 until the present time, the Company operated in the dark as a non-reporting issuer, meaning that almost no public information existed regarding the Company’s operations. But a recent technical analysis of the Company’s shareholder records revealed the aforementioned conspiratorial actions.
“We’re deeply disappointed,” Anthony said. “But after reviewing the SEC’s possessive opinions regarding stock manipulation schemes, we believe this is in the best interest of the Company and its shareholders.”
About Michael Anthony
Michael Anthony is a corporate strategist specializing in forensic research on public companies and reorganizing complex business entities. He is an industry advocate of transparency in the marketplace and operates under the auspices that all public companies should be required to file periodic reports with the U.S. Securities and Exchange Commission.