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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH)
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To: Andrew H who wrote (1724)3/22/1999 7:54:00 PM
From: Arcane Lore  Read Replies (2) of 2153
 
... I certainly hope the suspension will be lifted after the 10 day period. When the suspension is lifted we will know that LEAH has satisfied the SEC's concerns.

The suspension will be lifted after 10 days. However, this will occur simply because 10 days is the limit of SEC's regulatory authority to temporarily suspend trading. Thus the lifting of the suspension does not imply that LEAH has satisfied the SEC's concerns.

In addition to suspensions being limited to 10 trading days, the SEC can impose a second 10 day suspension only on the basis of a different reason than those for the first suspension.

For further details see #reply-3813172
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