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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote ()6/14/2000 10:59:00 AM
From: dtown1  Read Replies (2) of 150070
 
Here's the reason for the WAMX halt...

biz.yahoo.com

Wednesday June 14, 10:44 am Eastern Time
SEC suspends trade in Wamex, EPawn through June 27
WASHINGTON, June 14 (Reuters) - The Securities and Exchange Commission on Wednesday said it suspended trading in Wamex Holdings Inc. (OTC BB:WAMX.OB - news) and ePawn.com Inc. (OTC BB:EPWN.OB - news) through June 27, citing questions about their publicly distributed information.

There was no immediate comment from the companies, which trade on the Bulletin Board.

New York-based Wamex, which plans to launch an alternative stock trading system on July 4, according to a recent press release, closed on Tuesday at 1-5/8. EPawn, a Coral Springs, Fla., online auction company, closed at 1-5/16.

The SEC said there were questions about Wamex's ability to comply with commission rules for its trading system, and about funds purportedly raised from private investors. And there was concern about the identity of the people in control of ePawn.

There has also been recent market activity in both companies' stocks that may be the result of manipulative conduct or other illegal activity, the SEC said.

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and News: e-Pawn.com Inc (OTC BB:EPWN.OB - news)
Wamex Holdings Inc (OTC BB:WAMX.OB - news)

Related News Categories: IPOs, US Market News
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