BEAG registration revoked:

https://www.sec.gov/litigation/opinions/2022/34-94134.pdf

BEAG: SEC Admin. Proceeding for severely delinquent Financials.

https://www.sec.gov/litigation/admin/2021/34-92791.pdf

Can the last shareholder leaving make sure to turn off the lights!!

Railroad Valley so they claim. Compare them to ABML who has a full staff and full reports and be shocked how ABML is half the market cap and they claim lithium deposits are about 6k ft deeper.

Where is this so called lithium

Ouch $400 in change in bank and Rangefront deal done April 22nd, 2019 had all sorts of payables due within 15-45 days and I’m not seeing those being fulfilled in the Annual report. So even more bad news and defaults??

Who cares? With the exception from some of the dummies that carried their stock forward from the old company? I've little doubt they were warned well in advance not to hold a OTC pennystock through a corporate reorganization. The biggest mistake newbs make when holding crap OTC stocks is holding crap OTC stocks. If a speculator carries a OTC stock beyond a week (god forbid holding one over a weekend) then they are an investor; something no person should EVER be on the OTC.

Sorry for your losses, hopefully you'll find a way to be made whole again, but it won't be with BEAG as it's a defacto cooked goose =)

By the way, I see no wash trades here. I see people wanting out, and for some very strange reason, others wanting in.

Go figure



All we are seeing is Wash Trades to keep this going.

100 shares at .99 I wouldn’t consider it a great thing. All we are seeing is Wash Trades to keep this going. Something that can be done on Matched Trading of the Greys. ABML and XMG have sturdier foundations with legit management and their MC is nowhere close to these pie in the sky numbers.

Pretty well, it hit a buck on the greys just a couple of percentage points off where it closed the Friday before the SEC suspension.

BEAG didn't put out a NR regarding the suspension which is odd, but since I'm all out with a tidy profit as of today, well who cares; not me!

I'll still be watching to see what actually transpires here in the not-too-distant future, who knows, who cares?..


And let’s see how long they can keep up the ruse being in grey sheets

And let’s see how long they can keep up the ruse being in grey sheets

https://www.otcmarkets.com/stock/BEAG/overview

actually, the VWAP increased today compared to yesterday

from $0.412 to $0.533

I’ve never seen “paint the tape” like i have today and yesterday. Someone sold 5k shares at .25 and the next trade is 37. Yes only 37 shares at .605 for the stock to be inflated up again. But the weighted average has the trend of going down and volumes so low it’s like you can’t even give it away.

The free fall has begun. Just remember the folks that have all the shares at 0.01 are still making money and will continue to do so until this falls into sub pennies.

BEAG opens trading, low of $0.30 so far today

Grey Market death.

Excellent article and very well done. I tip my hat to you and only regrettable offense is that your article wasn’t shared with the masses timely. Keep up the good work.

Well done, Mr. nodummy

SEC trading suspension starts today.

Caveat Emptor

My BEAG research report now open to the public

https://otcmarketresearch.com/blue-eagle-lithium-beag-research-analysis/

The SEC sure is laying into stock promotions of late

Well that's a wrap. I hope nobody got overly stuck.. the sell-off EOD was an excellent harbinger.

Best not to hold a Pinky over the weekend.. over night is bad enough.

Welcome to the Grey Market

BEAG SEC Suspension "because of questions regarding (i) the accuracy and adequacy of publicly available information

BEAG SEC Suspension "because of questions regarding (i) the accuracy and adequacy of publicly available information in the marketplace, since at least May 22, 2019, about the company, including statements in online promotional materials regarding analyst findings and the extent of the company’s mining claims; and (ii) recent unusual unexplained market
activity in Blue Eagle Lithium, Inc.’s common stock."

https://www.sec.gov/litigation/suspensions/2019/34-86271.pdf

Order:

https://www.sec.gov/litigation/suspensions/2019/34-86271-o.pdf

actually, you are saying it backwards

if the loan rate goes from 3.5% to 68% then, by definition less people will short the stock and there will be less downward pressure from short sellers on the stock price

in this case, it is probably insiders, toxic lenders and consultants that have been selling into the market thereby putting downward pressure on the stock price

actually, there are people making a living shorting otc stocks

just don't short the high loan rate stocks

many stocks have annual loan rates of below 10% and even below 5%

If the SLB is now 65% then that has shut down the short game in a hurry. Hence the drop from 1.35 to 1.07. The steam of the promotion and insiders inflating this stock has run its course

That's a bargain eh? My most recent short cost me about $2 a share to short from my margin account (and only if I had enough to cover it in my cash account trading at .27 at the time. Dropped to .11 within 3 days. After fees on a $4000 short trade I made about $120! If I had bought the shares at a higher price (up to the lending broker) at even .28 it would have cost me more than $1000 to do that trade. If someone ever comes along and tells you that they make a living by shorting OTC stocks, they are entirely FOS, just sayin' =)

Woot (if you want to know what shorting an OTC stock actually renders.)


In addition, IB increased its stock loan borrowing rate on BEAG from 3.5% on Thursday to 68% on Friday

In addition, IB increased its stock loan borrowing rate on BEAG from 3.5% on Thursday to 68% on Friday

Blue Eagle Lithium Inc. (OTCQB:BEAG) Urges Investors to Ignore Unauthorized Solicitations
Email Print Friendly Share
June 14, 2019 13:28 ET | Source: Blue Eagle Lithium


HENDERSON, Nevada, June 14, 2019 (GLOBE NEWSWIRE) -- Blue Eagle Lithium Inc. ("Blue Eagle" or the "Company") (OTCQB: BEAG) wishes to make the following statements regarding recent market activity in its common stock traded on the OTC QB marketplace:

The Company became aware of certain promotional activity on its securities on June 13, 2019 upon receipt of correspondence from OTC Markets specifically related to independent livingnews.com, it is noted however, this promotional activity coincided with recent higher than average trading volume and volatility in the Company's stock price. The Company believes that this promotion material may have had some impact on market activity and may be encouraging investors to take a position in the Company. We further advise that no one should buy or sell any shares based upon contact with any party soliciting prospective investors or making claims about the Company which has not been publicly disclosed by the Company itself in its regulatory filings which investors can find on the Securities and Exchange Commission’s website at www.sec.gov and on the OTC Markets website under the Company profile at www.otcmarkets.com/stock/BEAG/overview.

The Company routinely responds to inquiries from shareholders, potential investors, investment analysts, and journalists on a regular basis and has met journalists on site to fully show the scope of the property. However, to the Company's knowledge, neither the Company, nor any of its officers, directors, or any controlling shareholders have directly been involved with the creation or distribution of promotional newsletters that make exaggerated or misleading claims related to the Company and its securities.

Since October 1, 2018, the Company has engaged Dresner Corporate Services on an on-going retainer to provide investor relations services. This agency is a respected Investor Relations firm which is authorized to speak for the Company. Dresner does not proactively call investors and can be reached at the number or email below. The Company engaged Financial Buzz Media upon acquiring its asset in 2018, specifically for marketing purposes to generate awareness about the Company and its business, however, the Company has neither had any involvement or direction with any marketing campaigns, nor partaken in any editorial control or approval over the content of any materials generated.

The Company also invites investors to receive Company communications and information including recent Company press releases and otherwise at the Investors section of the Company's website: https://ir.blueeaglelithium.com.

For further information about Blue Eagle Lithium Inc, please visit www.blueeaglelithium.com.

On behalf of the Board,
Rupert Ireland
Chief Executive Officer

About Blue Eagle Lithium Corporation
Blue Eagle Lithium is a publicly traded (OTCQB: BEAG) lithium exploration and development company based in Henderson, Nevada. The company is engaged in identifying, evaluating, and developing early-stage lithium exploration opportunities in North America. Blue Eagle’s team comprises experienced leaders that represent over 60 years of industry experience in the energy, financial, and geology fields. Blue Eagle has a 100% Working Interest in 276 placer claims in Railroad Valley, Nevada, a highly prospective green-fields lithium brine target in the heart of the Basin and Range geologic province. The staked claims, covering 5,520 acres (2233 hectares) over a large portion of Railroad Valley, are ready for the next phase of lithium exploration.

Investor Relations
IR TOLL-FREE: 1-877-344-BLUE
INVESTOR EMAIL: IR@blueeaglelithium.com

OTC QB: BEAG

Blue Eagle Lithium Corp.
2831 St Rose Parkway
Henderson, NV 89052
EMAIL: info@blueeaglelithium.com
WEB www.blueeaglelithium.com

Forward-looking Statements
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in the Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

So casting aspersions, or would you care to connect a dot or 2 somewhere?
BEAG insofar as I can discern is a new company who reversed merged through an existing shell, which as everyone knows is the premier route to trading on the OTC. When that happens there is always an amount of shares beneficially owned by some former holder in the old company, and often enough, holders from 2 or more RM iterations. Moreover often times the amount of shares will correspond to the sale price of the shell. Having said that, in my rather brief DD here, no one person or entity stood out to me; nor could I find any "toxic" debt moving forward.

So far what I've seen from this company is 2 rather lame promotional efforts, and basically one company News Release about their existing claim and a corresponding description of the property in question. What I haven't seen is the tell-tale army of paid touts hitting the various SMBs all over the pennystock kingdom.

My conclusion: First, I'm here because I felt the stock would rise above a dollar and it has done so. Second, I believe the company will continue to promote itself lawfully, and I also believe the company will continue to give tantalizing and almost credible reports of sample tests that will show some promise, but I expect that to be the proverbial dangling carrot like most other mining or black box stocks.

Will BEAG be a big lithium player? Ha, don't hold your breath. Could BEAG get bought out by a mining consortium if they were to find rich deposits? Sure! If you don't mind a 500-1 shot. For me, I prefer to throw a larger amount into the ensuing volume, and be able to take percentages off the table. Could BEAG be a total scam moving forward? Absolutely. However, since BEAG is new, I suspect it will take some time for the principals to become acclimated on how to run a pennystock orchestration, so in the interim I plan to make a little bank quickly ;)

I'll let you know when I'm playing with "free money" here, but I've a ways to go yet..


I know the current Virtus Chairman has been contacted and turned over files.

I know the current Virtus Chairman has been contacted and turned over files.

They're advertising to off-grid and tiny house people.

Also the entire mailer is available on-line with little sleuthing acumen required ;/

I'm sure the SEC is on it.

I am looking for a scanned (or photographed) copy of the entire mailer promoting BEAG. $50 via paypal or square cash to anyone who can get me that.

Gawd, I don't care, ok?

Sheesh

Yep. Would assume first come first paid.

Would have to assume he is in want of ONLY ONE COPY. Otherwise he would be deluged and paying out a lot of $$$

Reward: Michael Goode paying $50 via paypal or square cash to anyone who sends him the BEAG promotion.

If you want it, I can just mail it to you.

I am looking for a scanned (or photographed) copy of the entire mailer promoting BEAG. $50 via paypal or square cash to anyone who can get me that.

Still no position.

hahahahahaha

Selling short is impossible in a cash account. If you are selling shares and you own them then that isn't selling short. That is just selling. I am amused that you conclude that I don't know what short selling entails when you write, "a cash brokerage account and shares of the security in question sitting in their account; they are able to sell short the security."

I've been making a fine living primarily shorting OTC stocks for twelve years. If shares are available to borrow they are shortable at brokers such as Interactive Brokers and specialty brokers like Centerpoint Securities (I use both). The problem is being able to borrow the shares -- sometimes there aren't shares available to borrow or in the case of BEAG my primary broker IB decided to restrict trading in the stock to prevent any clients from opening new positions (long or short).

If I were convinced that BEAG would drop big quickly I could short at Centerpoint now, paying a $0.012 per share borrow fee per day.

LOL - Saw your post - Only just got my mail and that mailer was in there,
Titled " INVESTING TODAY" , 16 page mailer. Thought I'd check here to see if anyone else said they got it too.
LOTS OF PUMP ON "BEAG" and its LITHIUM on that 4,000 acre plot in Railroad Valley , Nevada
And of course a page dedicated to SUBSCRIPTION STUFF

My inbox is being filled with emails of so many promotions. Looking at the balance sheets there is no way this company can develop their holdings. Perfect example is MGX Minerals. They have all sorts of lithium claims proven and patent to develop but look at their MC and financials. If BEAG isn’t part of the promote then why didn’t they halt trading when they pushed that Bs PR???

"No position (unfortunately -- wish I could short). "

Absolutely no "wish" needed, feel free, so-long as you're confident the PPS will drop from today's level. $1.36, and also realize that the clock starts at the shorter's entry price and any time the security trades above the entry level price, the short seller is heavily hit with interest fees and carrying fees.

So the op-ed that you penned isn't having the effect you hoped?

https://www.goodetrades.com/2019/06/blue-eagle-lithium-beag-is-newest-mailer-pump-dump/ (Michael Goode Posted on June 25, 2019}

Anyone with ANY knowledge about trading on the OTC market is aware that shorting a pennystock (defined: Anything security trading under $5.00) is virtually impossible. Also, it doesn't sound as though you're aware of what being "short" on a security actually means. There is nothing from stopping anyone from selling this security short at this very moment in time. First a person who believes the PPS is heading down sells the shares they don't own (they borrow from the broker pool and must "buy" the shares in the future, hoping that the PPS declined).

If anyone has an off-shore brokerage account, or if you're a Canadian (such as myself) with a cash brokerage account and shares of the security in question sitting in their account; they are able to sell short the security, as I've done in the past myself.


That is how the pumps usually work -- insiders or whomever paid for the pump sells into the volume generated by the promotion. They don't wait for the stock to drop to start selling. Once they run out of buyers the stock drops.

"Blue Eagle Lithium is reportedly being promoted via a mailer (at least according to two posters on Investorshub)." Who cares? I found BEAG through an IH digital coin promo. How else will investors find a company? Spam? Hype?

https://www.goodetrades.com/2019/06/blue-eagle-lithium-beag-is-newest-mailer-pump-dump/

Wow, this chap really has his finger on the pulse of BEAG, it's as though the link you provided comes from some investment pro? (when he's not doing book reviews or reading 2 posts on IH) doh!

Yes it's a new company taking over an old shell. Perhaps you could provide some useful information? Do any of the old officers, or "sophisticated investors" still hold any significant amount of shares? I'm sorry if there's the odd ahem "investor" out there whose shares were carried forward to this company; however there's no sense being emotional about having not sold when the time came.

Perhaps some old investors will be happy with this new management and direction; yet some will never be.

Good luck

And let’s not forget how we watch the “paint the tape”. Love how we see 20k sold at day low then someone buying 5-10 shares at 25-30% premium just before closing.

Apparently, as with heavily promoted FRLI, BEAG has caught the eye of the folks at IB - and IB is not allowing shorting for either stock, even though they showed shares available to borrow at certain times for each stock, both 0 available at the moment

must be those million dollar promotional landing pages on both that has IB considering the stocks to be too risky for its clients - go figure

Yep, and the LOTE and LEXG short squeezes were due to the market maker taking a big risk by shorting in big volumes

Yup, I agree, just saying

They know shorts are in and once in a while they will try the squeeze.

Oh yes. LOTE and LEXG were even bigger short squeezes. To get those though you need to have few (or just one) insiders dumping shares and overconfident (and large) shorts to squeeze. 99% of the time it isn't worth the effort -- insiders make plenty of money just dumping shares into the promotion that they acquired for almost nothing earlier.

Re: LOTE
https://www.goodetrades.com/2018/04/finra-reaches-decision-against-broker-wilson-davis-co/
https://otcmarketresearch.com/bpth-short-squeeze-kills-market-maker-mica/

But sometimes they try to squeeze the shorts...remember CLOW?

CLOW got as high as 38.00 before scam was uncovered.

That is how the pumps usually work -- insiders or whomever paid for the pump sells into the volume generated by the promotion. They don't wait for the stock to drop to start selling. Once they run out of buyers the stock drops.

No position (unfortunately -- wish I could short).