81 FR 41625 - In the Matter of Caspian International Oil Corporation, Elevate, Inc., Frawley Corporation, Groen Brothers Aviation, Inc., and Logic Devices, Incorporated; Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 123 (June 27, 2016)

Page Range		41625-41626
FR Document		2016-15214
Federal Register, Volume 81 Issue 123 (Monday, June 27, 2016)
[Federal Register Volume 81, Number 123 (Monday, June 27, 2016)]
[Notices]
[Pages 41625-41626]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15214]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of Caspian International Oil Corporation, Elevate, 
Inc., Frawley Corporation, Groen Brothers Aviation, Inc., and Logic 
Devices, Incorporated; Order of Suspension of Trading

June 23, 2016.
    It appears to the Securities and Exchange Commission 
(``Commission'') that there is a lack of current and accurate 
information concerning the securities of Caspian International Oil 
Corporation (``CIOC \1\'') (CIK No. 816958), a void Delaware 
corporation located in Houston, Texas with a class of securities 
registered with the Commission pursuant to Securities Exchange Act of 
1934 (``Exchange Act'') Section 12(g) because it is delinquent in its 
periodic filings with the Commission, having not filed any periodic 
reports since it filed a Form 10-Q for the period ended September 30, 
2008. On April 12, 2011, the Commission's Division of Corporation 
Finance (``Corporation Finance'') sent a delinquency letter to CIOC 
requesting compliance with its periodic filing requirements but CIOC 
did not receive the delinquency letter due to its failure to maintain a 
valid address on file with the Commission as required by Commission 
rules (Rule 301 of Regulation S-T, 17 CFR 232.301 and Section 5.4 of 
EDGAR Filer Manual) (``Commission Issuer Address Rules''). As of June 
16, 2016, the common stock of CIOC was quoted on OTC Link operated by 
OTC Markets Group Inc. (formerly ``Pink Sheets'') (``OTC Link''), had 
two market makers, and was eligible for the ``piggyback'' exception of 
Exchange Act Rule 15c2-11(f)(3).
---------------------------------------------------------------------------

    \1\ The short form of each issuer's name is also its stock 
symbol.
---------------------------------------------------------------------------

    It appears to the Commission that there is a lack of current and 
accurate information concerning the securities of Elevate, Inc. 
(``ELEV'') (CIK No. 1424415), a defaulted Nevada corporation located in 
San Clemente, California with a class of securities registered with the 
Commission pursuant to Exchange Act Section 12(g) because it is 
delinquent in its periodic filings with the Commission, having not 
filed any periodic reports since it filed a Form 10-Q for the period 
ended February 29, 2012. On January 28, 2016, Corporation Finance sent 
a delinquency letter to ELEV requesting compliance with its periodic 
filing requirements but ELEV did not receive the delinquency letter due 
to its failure to maintain a valid address on file with the Commission 
as required by Commission Issuer Address Rules. As of June 16, 2016, 
the common stock of ELEV was quoted on OTC Link, had six market makers, 
and was eligible for the ``piggyback'' exception of Exchange Act Rule 
15c2-11(f)(3).
    It appears to the Commission that there is a lack of current and 
accurate information concerning the securities of Frawley Corporation 
(``FRWL'') (CIK No. 38824), a void Delaware corporation located in 
Agoura Hills, California with a class of securities registered with the 
Commission pursuant to Exchange Act Section 12(g) because it is 
delinquent in its periodic filings with the Commission, having not 
filed any periodic reports since it filed a Form 10-K for the period 
ended December 31, 2011. On November 21, 2011, Corporation Finance sent 
a delinquency letter to FRWL requesting compliance with its periodic 
filing requirements but FRWL did not receive the delinquency letter due 
to its failure to maintain a valid address on file with the Commission 
as required by Commission Issuer Address Rules. As of June 16, 2016, 
the common stock of FRWL was quoted on OTC Link, had four market 
makers, and was eligible for the ``piggyback'' exception of Exchange 
Act Rule 15c2-11(f)(3).
    It appears to the Commission that there is a lack of current and 
accurate information concerning the securities of Groen Brothers 
Aviation, Inc. (``GNBA'') (CIK No. 870743), an expired Utah corporation 
located in Salt Lake City, Utah with a class of securities registered 
with the Commission pursuant to Exchange Act Section 12(g) because it 
is delinquent in its periodic filings with the Commission, having not 
filed any periodic reports since it filed a Form 10-K for the period 
ended June 30,

[[Page 41626]]

2012. On February 22, 2016, Corporation Finance sent a delinquency 
letter to GNBA requesting compliance with its periodic filing 
requirements but GNBA did not receive the delinquency letter due to its 
failure to maintain a valid address on file with the Commission as 
required by Commission Issuer Address Rules. As of June 16, 2016, the 
common stock of GNBA was quoted on OTC Link, had five market makers, 
and was eligible for the ``piggyback'' exception of Exchange Act Rule 
15c2-11(f)(3).
    It appears to the Commission that there is a lack of current and 
accurate information concerning the securities of Logic Devices, 
Incorporated (``LOGC'') (CIK No. 802851), a suspended California 
corporation located in Sunnyvale, California with a class of securities 
registered with the Commission pursuant to Exchange Act Section 12(g) 
because it is delinquent in its periodic filings with the Commission, 
having not filed any periodic reports since it filed a Form 10-Q for 
the period ended June 30, 2012. On November 14, 2013, Corporation 
Finance sent a delinquency letter to LOGC requesting compliance with 
its periodic filing requirements but LOGC did not receive the 
delinquency letter due to its failure to maintain a valid address on 
file with the Commission as required by Commission Issuer Address 
Rules. As of June 16, 2016, the common stock of LOGC was quoted on OTC 
Link, had five market makers, and was eligible for the ``piggyback'' 
exception of Exchange Act Rule 15c2-11(f)(3).
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed companies. Therefore, it is ordered, 
pursuant to Section 12(k) of the Securities Exchange Act of 1934, that 
trading in the securities of the above-listed companies is suspended 
for the period from 9:30 a.m. EDT on June 23, 2016, through 11:59 p.m. 
EDT on July 7, 2016.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2016-15214 Filed 6-23-16; 11:15 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 81, No. 123 / Monday, June 27, 2016 / Notices 41625

At any time within 60 days of the received will be posted without change; eligible for the ‘‘piggyback’’ exception of
filing of the proposed rule change, the the Commission does not edit personal Exchange Act Rule 15c2–11(f)(3).
Commission summarily may identifying information from It appears to the Commission that
temporarily suspend such rule change if submissions. You should submit only there is a lack of current and accurate
it appears to the Commission that such information that you wish to make information concerning the securities of
action is: (i) Necessary or appropriate in available publicly. All submissions Elevate, Inc. (‘‘ELEV’’) (CIK No.
the public interest; (ii) for the protection should refer to File No. SR–BX–2016– 1424415), a defaulted Nevada
of investors; or (iii) otherwise in 036, and should be submitted on or corporation located in San Clemente,
furtherance of the purposes of the Act. before July 18, 2016. California with a class of securities
If the Commission takes such action, the registered with the Commission
For the Commission, by the Division of
Commission shall institute proceedings Trading and Markets, pursuant to delegated pursuant to Exchange Act Section 12(g)
to determine whether the proposed rule authority.21 because it is delinquent in its periodic
should be approved or disapproved. Robert W. Errett,
filings with the Commission, having not
filed any periodic reports since it filed
IV. Solicitation of Comments Deputy Secretary.
a Form 10–Q for the period ended
[FR Doc. 2016–15071 Filed 6–24–16; 8:45 am]
Interested persons are invited to February 29, 2012. On January 28, 2016,
submit written data, views, and BILLING CODE 8011–01–P Corporation Finance sent a delinquency
arguments concerning the foregoing, letter to ELEV requesting compliance
including whether the proposal is with its periodic filing requirements but
SECURITIES AND EXCHANGE ELEV did not receive the delinquency
consistent with the Act. Comments may
COMMISSION letter due to its failure to maintain a
be submitted by any of the following
methods: valid address on file with the
[File No. 500–1] Commission as required by Commission
Electronic Comments Issuer Address Rules. As of June 16,
• Use the Commission’s Internet In the Matter of Caspian International 2016, the common stock of ELEV was
comment form (http://www.sec.gov/ Oil Corporation, Elevate, Inc., Frawley quoted on OTC Link, had six market
rules/sro.shtml); or Corporation, Groen Brothers Aviation, makers, and was eligible for the
• Send an email to rule-comments@ Inc., and Logic Devices, Incorporated; ‘‘piggyback’’ exception of Exchange Act
sec.gov. Please include File No. SR–BX– Order of Suspension of Trading Rule 15c2–11(f)(3).
2016–036 on the subject line. It appears to the Commission that
June 23, 2016.
there is a lack of current and accurate
Paper Comments It appears to the Securities and information concerning the securities of
• Send paper comments in triplicate Exchange Commission (‘‘Commission’’) Frawley Corporation (‘‘FRWL’’) (CIK No.
to Secretary, Securities and Exchange that there is a lack of current and 38824), a void Delaware corporation
Commission, 100 F Street NE., accurate information concerning the located in Agoura Hills, California with
Washington, DC 20549–1090. securities of Caspian International Oil a class of securities registered with the
All submissions should refer to File No. Corporation (‘‘CIOC 1’’) (CIK No. Commission pursuant to Exchange Act
SR–BX–2016–036. This file number 816958), a void Delaware corporation Section 12(g) because it is delinquent in
should be included on the subject line located in Houston, Texas with a class its periodic filings with the
if email is used. To help the of securities registered with the Commission, having not filed any
Commission process and review your Commission pursuant to Securities periodic reports since it filed a Form
comments more efficiently, please use Exchange Act of 1934 (‘‘Exchange Act’’) 10–K for the period ended December 31,
only one method. The Commission will Section 12(g) because it is delinquent in 2011. On November 21, 2011,
post all comments on the Commission’s its periodic filings with the Corporation Finance sent a delinquency
Internet Web site (http://www.sec.gov/ Commission, having not filed any letter to FRWL requesting compliance
rules/sro.shtml). Copies of the periodic reports since it filed a Form with its periodic filing requirements but
submission, all subsequent 10–Q for the period ended September FRWL did not receive the delinquency
amendments, all written statements 30, 2008. On April 12, 2011, the letter due to its failure to maintain a
with respect to the proposed rule Commission’s Division of Corporation valid address on file with the
change that are filed with the Finance (‘‘Corporation Finance’’) sent a Commission as required by Commission
Commission, and all written delinquency letter to CIOC requesting Issuer Address Rules. As of June 16,
communications relating to the compliance with its periodic filing 2016, the common stock of FRWL was
proposed rule change between the requirements but CIOC did not receive quoted on OTC Link, had four market
Commission and any person, other than the delinquency letter due to its failure makers, and was eligible for the
those that may be withheld from the to maintain a valid address on file with ‘‘piggyback’’ exception of Exchange Act
public in accordance with the the Commission as required by Rule 15c2–11(f)(3).
provisions of 5 U.S.C. 552, will be Commission rules (Rule 301 of It appears to the Commission that
available for Web site viewing and Regulation S–T, 17 CFR 232.301 and there is a lack of current and accurate
printing in the Commission’s Public Section 5.4 of EDGAR Filer Manual) information concerning the securities of
Reference Room, 100 F Street NE., (‘‘Commission Issuer Address Rules’’). Groen Brothers Aviation, Inc. (‘‘GNBA’’)
Washington, DC 20549, on official As of June 16, 2016, the common stock (CIK No. 870743), an expired Utah
corporation located in Salt Lake City,
mstockstill on DSK3G9T082PROD with NOTICES

business days between the hours of of CIOC was quoted on OTC Link
10:00 a.m. and 3:00 p.m. Copies of the operated by OTC Markets Group Inc. Utah with a class of securities registered
filing also will be available for (formerly ‘‘Pink Sheets’’) (‘‘OTC Link’’), with the Commission pursuant to
inspection and copying at the principal had two market makers, and was Exchange Act Section 12(g) because it is
office of the Exchange. All comments delinquent in its periodic filings with
21 17 CFR 200.30–3(a)(12). the Commission, having not filed any
Commission. The Exchange has satisfied this 1 The short form of each issuer’s name is also its periodic reports since it filed a Form
requirement. stock symbol. 10–K for the period ended June 30,

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41626 Federal Register / Vol. 81, No. 123 / Monday, June 27, 2016 / Notices

2012. On February 22, 2016, SECURITIES AND EXCHANGE whenever a floor broker who is aware
Corporation Finance sent a delinquency COMMISSION of, but does not represent, an original
letter to GNBA requesting compliance order solicits one or more persons or
[Release No. 34–78110; File No. SR–CBOE–
with its periodic filing requirements but 2016–050]
orders in response to an original order,
GNBA did not receive the delinquency the persons solicited and any resulting
letter due to its failure to maintain a Self-Regulatory Organizations; orders are solicited persons or solicited
valid address on file with the Chicago Board Options Exchange, orders subject to this Rule. Original
Commission as required by Commission Incorporated; Notice of Filing and orders and solicited orders are subject to
Issuer Address Rules. As of June 16, Immediate Effectiveness of a Proposed the following conditions.
2016, the common stock of GNBA was Rule Change Related to Order Marking (a)–(e) No change.
quoted on OTC Link, had five market (f) All orders initiated as a result of a
June 21, 2016. solicitation must be marked [‘‘SL.’’] in a
makers, and was eligible for the Pursuant to Section 19(b)(1) of the manner and form prescribed by the
‘‘piggyback’’ exception of Exchange Act Securities Exchange Act of 1934 (the Exchange and announced via
Rule 15c2–11(f)(3). ‘‘Act’’),1 and Rule 19b–4 thereunder,2 Regulatory Circular. [If the solicited
It appears to the Commission that notice is hereby given that on June 16, person is on the trading floor and elects
there is a lack of current and accurate 2016, Chicago Board Options Exchange, to participate by order, the solicited
information concerning the securities of Incorporated (the ‘‘Exchange’’ or person must retain a copy of the
Logic Devices, Incorporated (‘‘LOGC’’) ‘‘CBOE’’) filed with the Securities and solicited order on the trading floor so
(CIK No. 802851), a suspended Exchange Commission (the long as the order is active.]
California corporation located in ‘‘Commission’’) the proposed rule
* * * * *
Sunnyvale, California with a class of change as described in Items I, II, and
III below, which Items have been Rule 6.53. Certain Types of Orders
securities registered with the
prepared by the Exchange. The Defined
Commission pursuant to Exchange Act
Exchange filed the proposal as a ‘‘non-
Section 12(g) because it is delinquent in One or more of the following order
controversial’’ proposed rule change
its periodic filings with the types may be made available on a class-
pursuant to Section 19(b)(3)(A)(iii) of
Commission, having not filed any by-class basis. Certain order types may
the Act 3 and Rule 19b–4(f)(6)
periodic reports since it filed a Form not be made available for all Exchange
thereunder.4 The Commission is
10–Q for the period ended June 30, systems. The classes and/or systems for
publishing this notice to solicit
2012. On November 14, 2013, which the order types shall be available
comments on the proposed rule change
Corporation Finance sent a delinquency will be as provided in the Rules, as the
from interested persons.
letter to LOGC requesting compliance context may indicate, or as otherwise
I. Self-Regulatory Organization’s specified via Regulatory Circular.
with its periodic filing requirements but
Statement of the Terms of Substance of (a)–(f) No change.
LOGC did not receive the delinquency
the Proposed Rule Change (g) Not Held Order. A not held order
letter due to its failure to maintain a
The Exchange seeks to update certain is an order marked ‘‘not held’’, ‘‘take
valid address on file with the time’’ or which bears any qualifying
Commission as required by Commission order marking requirements. The text of
the proposed rule change is provided notation giving discretion as to the price
Issuer Address Rules. As of June 16, or time at which such order is to be
2016, the common stock of LOGC was below.
(additions are italicized; deletions are executed. An order entrusted to a Floor
quoted on OTC Link, had five market Broker will be considered a Not Held
makers, and was eligible for the [bracketed])
Order, unless otherwise specified by a
‘‘piggyback’’ exception of Exchange Act * * * * * Floor Broker’s client or the order was
Rule 15c2–11(f)(3). Chicago Board Options Exchange,
received by the Exchange electronically
Incorporated Rules
The Commission is of the opinion that and subsequently routed to a Floor
* * * * * Broker or PAR Official pursuant to the
the public interest and the protection of
investors require a suspension of trading Rule 6.9. Solicited Transactions order entry firm’s routing instructions.
in the securities of the above-listed Not Held Orders and/or ‘‘held’’ orders
A Trading Permit Holder or TPH
companies. Therefore, it is ordered, must be marked in a manner and form
organization representing an order
pursuant to Section 12(k) of the prescribed by the Exchange and
respecting an option traded on the
Securities Exchange Act of 1934, that announced via Regulatory Circular.
Exchange (an ‘‘original order’’),
trading in the securities of the above- including a spread, combination, or * * * * *
listed companies is suspended for the straddle order as defined in Rule 6.53, The text of the proposed rule change
period from 9:30 a.m. EDT on June 23, a stock-option order as defined in Rule is also available on the Exchange’s Web
2016, through 11:59 p.m. EDT on July 7, 1.1(ii), a security future-option order as site (http://www.cboe.com/AboutCBOE/
2016. defined in Rule 1.1(zz), or any other CBOELegalRegulatoryHome.aspx), at
complex order as defined in Rule 6.53C, the Exchange’s Office of the Secretary,
By the Commission. and at the Commission’s Public
may solicit a Trading Permit Holder or
Jill M. Peterson, TPH organization or a non-Trading Reference Room.
Assistant Secretary. Permit Holder customer or broker-dealer II. Self-Regulatory Organization’s
mstockstill on DSK3G9T082PROD with NOTICES

[FR Doc. 2016–15214 Filed 6–23–16; 11:15 am] (the ‘‘solicited person’’) to transact in- Statement of the Purpose of, and
BILLING CODE 8011–01–P person or by order (a ‘‘solicited order’’) Statutory Basis for, the Proposed Rule
with the original order. In addition, Change
1 15 U.S.C. 78s(b)(1). In its filing with the Commission, the
2 17 CFR 240.19b–4. Exchange included statements
3 15 U.S.C. 78s(b)(3)(A)(iii). concerning the purpose of and basis for
4 17 CFR 240.19b–4(f)(6). the proposed rule change and discussed

VerDate Sep<11>2014 18:52 Jun 24, 2016 Jkt 238001 PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 E:\FR\FM\27JNN1.SGM 27JNN1
Document Created: 2016-06-25 02:06:48
Document Modified: 2016-06-25 02:06:48
Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		81 FR 41625