The Investor’s Watchdog

The Investor's Watchdog

TV Game Show Company and Others Face SEC for Claims of Delinquency in Their Periodic Filings

Wednesday, August 14, 2019

The Securities and Exchange Commission (SEC) recently instituted an Order Instituting an Administrative Proceedings and Notice of Hearing (Order) against Bingo Nation, Inc., Hybrid Coating Technologies, Inc., and MMRGlobal, Inc. for repeatedly defaulting in their periodic filings and failing to heed delinquency letters sent to them by the Division of Corporation Finance.

Bingo Nation, Inc. (stock symbol “BLTO”) is a revoked Nevada corporation located in Las Vegas, Nevada that operates, produces and broadcasts live television game shows within the United States. According to the Order, Bingo Nation failed to file periodic reports since it filed a Form 10-Q for the period that ended on December 31, 2016. This filing reported a net loss of over $40.7 million for the prior nine months.

Hybrid Coating Technologies, Inc. (stock symbol “HCTI”) is a revoked Nevada corporation located in Daly City, California that offers coatings and paint for industrial and commercial customers globally. The SEC claims that the company has failed to file periodic reports since it filed a Form 10-K for the period that ended on December 31, 2016, which reported a net loss of over $4.5 million for the prior year.

MMRGlobal, Inc. (stock symbol “MMRF”) is a void Delaware corporation located in Los Angeles, California that provides secure and web-based storage solutions primarily for medical, finance, and insurance institutions. The SEC claims that MMRGlobal is delinquent in its periodic filings since submitting a Form 10-Q for the period that ended on September 30, 2016. This filing reported a net loss of over $1.6 million for the prior nine months.

As a result of the foregoing, Altovida Inc., Aurora Gold Corporation, Auxillium Energy, Inc., and Silver Falcon Mining, Inc. failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and/or 13a-13. The Order requests an investigation into the allegations to determine whether these allegations are true and, if deemed necessary, to instill a sanction on the companies to protect future investors.

If you invested and lost money in Bingo Nation, Inc., Hybrid Coating Technologies, Inc., or MMRGlobal, Inc. due to bad investment advice from your broker or advisor, you may be able to recover your losses. Contact us today at 1-877-410-8172 for a free consultation.

Author: Jason T. Albin

Jason Albin is an Attorney and Partner at ChapmanAlbin, the investor rights law firm. He has represented hundreds of investors who have lost money due to broker misconduct, unsuitable investment advice and fraud.​ Jason also represents individuals in “whistleblower” suits filed against unscrupulous companies that try to defraud the US federal and state governments.

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