PLEASE NOTE THAT THIS POSTING IS BEING MADE BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 34-38014 / December 4, 1996
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of over-the-counter trading of the securities of Interactive Multimedia Publishers, Inc. ("IMP") (trading symbol DROM), of Akron, Ohio, for a ten day period commencing at 9:30 a.m. (E.S.T.) on December 4, 1996 and terminating at 11:59 p.m. (E.S.T.) on December 17, 1996.
The Commission temporarily suspended trading in the securities of IMP because of questions that have been raised regarding the accuracy of disclosures concerning IMP's corporate history and the tradability of its shares.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of trading suspension, no quotation may be entered unless and until they have strictly complied with all provisions of the rule. If any broker or dealer has any questions as to whether or not he or she has complied with the rule, he or she should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he or she should refrain from entering quotations relating to IMP's securities until such time as he or she has familiarized himself or herself with the rule and is certain that all of its provisions have been satisfied. If any broker or dealer enters any quotation in violation of Rule 15c2-11, the Commission will consider the need for prompt enforcement action.
If any broker-dealer or other person has any information relating to this matter, the Washington D.C. office of the Securities and Exchange Commission should be telephoned at (202) 942-4643.
The Commission acknowledges the assistance of the National Association of Securities Dealers, Inc. in connection with this matter.
BELOW IS AN UNOFFICIAL COPY OF THE COMMISSION ORDER SUSPENDING TRADING.
UNITED STATES OF AMERICA
Before The
SECURITIES AND EXCHANGE COMMISSION
December 4, 1996
:
In the Matter of :
:
INTERACTIVE MULTIMEDIA: ORDER DIRECTING SUSPENSION
PUBLISHERS, INC. : OF TRADING
:
File No. 500-1 :
:
It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Interactive Multimedia Publishers, Inc. ("IMP") (trading symbol DROM) because of questions that have been raised regarding the accuracy of disclosures concerning IMP's corporate history and the tradability of its shares.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above listed company.
Therefore, it is ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of Interactive Multimedia Publishers, Inc. (trading symbol DROM), over-the-counter, on the National Association of Securities Dealers, Inc.'s OTC Bulletin Board Service or otherwise, is suspended for the period from 9:30 a.m. E.S.T. December 4, 1996 through 11:59 p.m. E.S.T. on December 17, 1996.
By the Commission.
Jonathan G. Katz
Secretary |
