Onyx Acquisition Co. I (NASDAQ:ONYX)

SEC Mandated Trading Suspension

It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Onyx Service & Solutions, Inc. ("ONYX") because of questions regarding the accuracy of assertions by ONYX in press releases concerning, among other things, the company's business projects and prospects.

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 company.

We informed our premium members that we went short ONYX on October 12, 2011 @ $2.04.

See all of our premium pump and dump blog notes here. 

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Onyx Service & Solutions, Inc. (OTCQB:ONYX) announced that last week the Company successfully won approval for an $84 Million (US) solar power project for Roatan, Honduras. The project capacity is currently 18.5 megawatts and is expected to take over 65,000 280-watt solar panels. ONYX sees this project as the premium opportunity to install their first branded 280-watt panels.

Last Wednesday morning, ONYX President Malcolm Burleson and Project Engineer Rick Coens conducted a formal presentation of the 18.5 megawatt project to Governor Shawn Hyde, Mayor Julio Galindo and a quorum of Council members at the Roatan Municipal Government chambers.

After the presentation by Burleson, Mayor Galindo told the ONYX representatives “You guys have it” and Governor Hyde went on to add “I fully support the project and will do whatever is needed for the project.”

On August 22, 2011, Onyx Service & Solutions, Inc. (the “Company”) entered into and consummated a share exchange agreement with Blackstone Equity Partners PTE LTD (“Blackstone”), the sole shareholder of Southern GeoPower Corp., a Wyoming corporation (“SGPC”) and SGPC to acquire all the issued and outstanding shares of SGPC, in consideration for 11,000,000 newly issued restricted shares of the Company (the “Share Exchange”).