Looks like HCCAE was just in play. Went to .18 now .15 and falling
HCCAE should be in play all day today. It's close yesterday was classic.
Some great news. The 'e' will be coming off!:
Thursday February 17, 6:03 am Eastern Time
Company Press Release
SOURCE: Hexagon Consolidated Companies of America,Inc.
Bulletin Board Trading of Hexagon To Be Temporarily Suspended Monday, February 21, 2000
RENO, Nev., Feb. 17 /PRNewswire/ -- Maurice Furlong, president and chief executive officer of Hexagon Consolidated Companies of America, Inc. has (``HCCA'; OTC Bulletin Board: HCCAE), announced today that, according to information made available by the Securities and Exchange Commission (SEC), the common stock of the company will be suspended from trading on the OTC Bulletin Board effective Monday, February 21, pending administrative review of
responses provided to the SEC on January 28, 2000 and final acceptance of all responses.
Accordingly, effective February 21, 2000, the company's stock will be quoted on the ``pink sheets,' and tradeable through its market makers.
On December 16, 1999, the company had completed a series of filings to bring its records up to date with the SEC. On December 17, 1999, the company's common stock symbol was restored to ``HCCA,' at which time the company was specified as ``compliant with Rule 6530' of the National
Association of Securities Dealers (NASD), which requires that all companies traded on the on the Nasdaq or OTC Bulletin Board be current in their filings with the SEC. Subsequently, on January 24, 2000, the company learned of the necessity to file via the EDGAR system responses to
administrative comments by the SEC, which the company did provide to the SEC via EDGAR on January 28. (Filed via EDGAR as ``Correspondence,' these responses are not available to the general public via the EDGAR system.)
It is management's verbal understanding from the SEC that the SEC has further comments concerning Hexagon's submission, which the company expects to receive within the next 24 hours.
``Although we are unable to determine how long it will take the SEC to conduct its review, shareholders may be sure that we will waste no time in providing the information requested by the SEC in this new set of comments,' said Michael Pietrzak, executive vice president and chief counsel.
``We are understandably disappointed in the potential near-term effect of this scenario on the company's stock price. However, our operational focus and a mature, 'business-as-usual' approach demand that we move forward to exploit the exceptional business opportunities we have identified, confident that, given our own best efforts, the question of the company's trading venue will be resolved in due course,' said Pietrzak.
Hexagon Consolidated Companies of America, Inc. is a company with interests in mining, health care, music publishing and real estate.
NOTE: This news release contains statements that may be considered forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are inherently uncertain, and the company's actual results may differ from management's
expectations. Further information on potential factors that could affect the financial condition and
results of operations of the company are included in the filings of the company with the Securities
and Exchange Commission.
SOURCE: Hexagon Consolidated Companies of America, Inc. |
