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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: BORIS BADENUFF who wrote (4771)12/7/1999 6:29:00 PM
From: zonkie  Read Replies (1) of 7056
 
I'm glad you asked that boris. Here is the last company that the SEC halted and the reason for the halt.
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sec.gov

>>>>>snip>>>The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 ("Exchange Act"), of over-the-counter trading of the securities of Las Vegas Entertainment Network, Inc. ("Las Vegas Entertainment"), of Los Angeles, California at 9:30 a.m. EDT on October 18, 1999, and terminating at 11:59 p.m. EDT on October 29, 1999.

The Commission temporarily suspended trading in the securities of Las Vegas Entertainment because of questions that have been raised about the adequacy and accuracy of publicly disseminated information concerning, among other things, an agreement to receive $190 million in cash from two investors.<<<<<<
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