USAT Long Distance Telecommunications Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : USAT Long Distance Telecommunications

USAT 10.56

0.0%

Nov 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jim0z0 who wrote (313)	2/11/1999 6:16:00 PM
From: jim0z0	Read Replies (1) of 397

Here is a post I found on the ftel site concerning usat. I believe it is a reposting from raging bull bb. ---- Message 40756 From: Seth L. Thursday, Feb 11 1999 1:16PM ET repost from Bull: This from my conversation with the SEC this afternoon. 1) The trade halt is a 1 time mandatory 10 day halt which will expire tonight at 11:59pm 2) As far as the SEC is concerned there is no further restrictions. That is standard, they are not passing judgment on this or any company. They are just protecting the MMs. 3) The MMs have the ball in their court. If they feel comfortable with the information that the company provided in regards to the halt they will step up to the bid and ask 4) this rule falls under the 15c2-11 which states that certain information must be made available to the MMs before they can post a quote. 5) The SEC as of tonight are not involved in whether the company will trade again that is up to the MMs 6) The new quote will be established by the MMs if trading resumes. That's all folks. In my opinion we should see USAT open in the AM but it depends on what info was missing and whether they were able to satisfy these MMs as to the companies validity. Here is hoping Sethy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next