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Microcap & Penny Stocks : NCDR
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To: Mama Bear who wrote (1020)6/15/1999 11:26:00 PM
From: Q.   of 1440
 
Glenn Gordon, assistant director of the SEC's regional office in Miami, said the market will dictate Net Command Tech's stock price when trading resumes June 25. Market makers, trading firms that carry inventories of Nasdaq stocks, will have to take it upon themselves to obtain additional information about Net Command Tech.

''This order does not require the company to provide us with anything,'' Gordon said. ''The people making a market in this stock are under heightened obligation to make sure they have accurate information. They'll have to decide where to get that information. If they get it from the company, they'll have to decide whether it's satisfactory.''

Net Command Tech spokesman Dan Charnas responded Friday as if the SEC were asking the company to provide more information.

''The company is cooperating fully with the SEC and is preparing to meet the SEC's information request completely and quickly,'' Charnas said.


herald.com
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