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Microcap & Penny Stocks : TFCT 21st Century Technologies

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From: anniebonny4/12/2008 12:40:00 AM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934 Release No. 57657 / April 11, 2008
ADMINISTRATIVE PROCEEDING File No. 3-13005
IN THE MATTER OF 21ST CENTURY TECHNOLOGIES, INC.
The U.S. Securities and Exchange Commission today instituted public administrative proceedings against 21st Century Technologies, Inc. (21st Century) to determine whether the registration of each class of its securities should be revoked or suspended for a period not exceeding twelve months.
In the order instituting administrative proceedings (Order) against 21st Century, the Division of Enforcement (the Division) alleges that 21st Century’s securities are registered pursuant to Section 12 of the Securities Exchange Act of 1934 (Exchange Act). The Division also alleges that Exchange Act Section 13(a) and the rules promulgated thereunder require issuers with classes of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports. The Division further alleges that 21st Century is delinquent in its required periodic filings with the Commission, having last filed a periodic report for the period ending September 30, 2004.
In these proceedings, instituted pursuant to Section 12(j) of the Exchange Act, a hearing will be scheduled before an Administrative Law Judge. At that hearing, the judge will hear evidence from the Division and 21st Century to determine whether the allegations contained in the Order are true. The judge will then determine whether it is necessary and appropriate for the protection of investors to revoke or suspend for a period not exceeding twelve months the registration of each class of 21st Century’s securities registered pursuant to Section 12 of the Exchange Act.
The Commission has ordered that the administrative law judge issue an initial decision within 120 days from the service of the order instituting proceedings.

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Looks like it is already in bankruptcy and trading on the greys - a little late.
pinksheets.com
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