Solucorp has finally received the recognition that it deserves. Solucorp has made the "BIG TIME". Yes, it is now official. In case you didn't know it , on May 1, 1998, the SEC suspended trading in the shares of Solucorp. You can now read all the details at the SEC website. The website has been updated today and SLUP has finally been added to the official list of companies whose trading has been "Temporariliy" suspended.
sec.gov
Curiously enough, the text of the official release which was added to the SEC website today, ( sec.gov ) differs substantially from the official notice of the suspension which was published in the Federal Register on May 6, 1998:
Archive-Name: gov/us/fed/nara/fed-register/1998/may/06/63FR25129A Posting-number: Volume 63, Issue 87, Page 25129A
[Federal Register: May 6, 1998 (Volume 63, Number 87)]
[Notices]
[Page 25129]
From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr06my98-107]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
Solucorp Industries, Ltd.; Order of Suspension of Trading
April 30, 1998
It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Solucorp Industries Ltd. (''Solucorp'') because of questions regarding the accuracy of assertions by Solucorp in documents sent to and statements made to market makers of the stock of Solucorp, other broker dealers, and to investors concerning, among other things: (1) the negotiation, existence and terms of contracts entered into by Solucorp during the period July 1, 1995 through the present; (2) revenues purportedly accrued under a license agreement with Smart International Ltd. and reported in financial statements for the quarter ended September 30, 1997 and the six-month period ended December 31, 1997, which were included in a registration statement and transition report filed with the Commission in December 1997 and April 1998, respectively; and (3) revenues projected in press releases on August 27, 1997, October 24, 1997 and April 16, 1998.
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 above listed company is suspended for the period from 9:30 a.m. EST, May 1, 1998 through 11:59 p.m. EST, on May 14, 1998.
By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-12060 Filed 5-1-98; 3:53 pm]
BILLING CODE 8010-01-M
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