Document ID: SEC-2016-1084-0001
Agency: sec
Document Type: Notice
Title: Trading Suspension Orders: Caspian International Oil Corp., Elevate, Inc., Frawley Corp., Groen Brothers Aviation, Inc., and Logic Devices, Inc.
Posted Date: 2016-06-27T04:00Z

[Federal Register Volume 81, Number 123 (Monday, June 27, 2016)]
[Notices]
[Pages 41625-41626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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).
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    \1\ The short form of each issuer's name is also its stock 
symbol.
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    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