SI
SI
discoversearch

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.
Microcap & Penny Stocks : NCDR -- Ignore unavailable to you. Want to Upgrade?


To: Bear Down who wrote (1105)6/21/1999 11:40:00 PM
From: Q.  Read Replies (1) | Respond to of 1440
 
re. SEC-ordered trading halts, DCTC was halted May 3 and still hasn't resumed trading. The halt of DCTC was also 'temporary', and would resume May 14 according to the SEC.

Well, it still isn't trading.

They are still waiting due to 15c-211 to resume trading.

Here's how I came across DCTC:

There's another really lousy BB stock, NUKE, that I'm following. It is being promoted by an email newsletter tout, so I got a free subscription to read just what sort of rubbish is being passed on by the touts. Today the newsletter just came out with a message with an update on DCTC's miseries with getting trading going again.

Firstly, here's the SEC announcement of the trading halt:

sec.gov

Compare that to the one that announced the halt of Net Command Tech (they are very similar):

sec.gov

Now here's the DCTC tout's update, copied from the newsletter:



Dear Investor to Investor readers:

DCI Telecommunications has updated their FAQ:

Frequently Asked Investor Questions
Last update: June 21, 1999

How does DCI resume trading?
DCI resumed trading on May 17, 1999. DCI has restated its last three quarterly statements to reflect the Edge acquisition under the purchase method of accounting. Those filings are available via the Edgar system. In order for a Market Maker to resume publishing quotes of our common stock, it must file a Form 15c2-11. Upon receipt of this Form, the NASD reviews and must approve it before the Market Maker can resume publishing quotations. It is our understanding that the NASD is in the review process of some Forms and has asked for additional information. Currently, we are still waiting to hear the results of the latest submissions from the Market Makers. DCI has done, and will continue to do, everything in its power to move this process forward as quickly as possible. DCI will inform its shareholders as soon as we receive an update.

Why has DCI not supplied more information regarding the lack of available quotations?
When our situation has changed, we have notified our shareholders. We will continue to provide timely updates of our status.

Why isn't a Bid/Ask quote published?
Before a Bid/Ask quote can be published, a Market Maker must submit a Form 15c2-11, and have it approved by the NASD. They originally had three days to respond to the Market Makers with comments. On Tuesday May 19th the NASD submitted questions to the Market Makers to answer. It is our belief that the NASD has received the supplemental information it requested. The NASD will review the responses and will reply directly to the Market Makers.

Does DCI have an estimated time on when quotations will be available?
No.

What is Rule 15c2-11?
For information on Rule 15c2-11, please visit the OTCBB web page.

When will Form 10K be available?
The Form 10K will be filed on or before June 30, 1999.

<snip>

I have spoken to various parties and have heard (although I have not been able to verify it with the NASD, Ken Worm isn't talking again) that there are currently two market makers trying to qualify for trading DCTC stock. It looks like the NASD is making them perform extreme due diligence in light of the recent crackdowns on the OTC bulletin board stocks.

Kathy Knight-McConnell
Investor to Investor
investortoinvestor.com



To: Bear Down who wrote (1105)6/22/1999 12:12:00 AM
From: Q.  Read Replies (2) | Respond to of 1440
 
Here's a list of SEC-ordered trading halts in 1998-99 copied from the SEC website.

I've added a note to each of them to shown what has happened:

Trading Suspensions


Net Command Tech, Inc.; June 11, 1999
still halted

DCI Telecommunications, Inc.; May 3, 1999
not trading

Cosmos Ventures; March 22, 1999
Yahoo quotes doesn't recognize this company name

Ikar Mineral Corporation; March 12, 1999
Yahoo quotes doesn't recognize this company name

Leah Industries, Inc.; March 11, 1999
Yahoo quotes doesn't recognize this company name

Metro Match, Inc.; February 22, 1999
Yahoo quotes doesn't recognize this company name

Golden Mountain, Inc.; February 22, 1999
Yahoo quotes doesn't recognize this company name

C.P.R. Corporation; February 17, 1999
Yahoo quotes doesn't recognize this company name

Redwing, Inc.; February 17, 1999
Yahoo quotes doesn't recognize this company name

Shebolt International, Inc.; February 17, 1999
Yahoo quotes doesn't recognize this company name

Smartek, Inc.; January 29, 1999
Yahoo quotes doesn't recognize this company name

Polus, Inc.; January 29, 1999
Yahoo quotes doesn't recognize this company name

Invest Holdings Group, Inc.; January 29, 1999
Yahoo quotes doesn't recognize this company name

Electronic Transfer Associates, Inc.; January 29, 1999
Yahoo quotes doesn't recognize this company name

Citron, Inc.; January 29, 1999 [Release No. 34-40996]
Yahoo quotes doesn't recognize this company name

USA Talks.com, Inc.; January 29, 1999
Yahoo quotes doesn't recognize this company name

Powertech, Inc.; January 13,1999 [Release No. 34-40942]
trades in Vancouver at $1.49, it looks like it never stopped trading there

Midland Inc.; August 18, 1998
Yahoo quotes doesn't recognize this company name

Eventemp Corporation; August 10, 1998
Yahoo quotes doesn't recognize this company name

Mountain Energy, Inc.; July 29, 1998
Yahoo quotes doesn't recognize this company name

Infotex Holdings, Ltd.; July 23, 1998
Yahoo quotes doesn't recognize this company name

Golden Eagle International, Inc., June 19, 1998
Yahoo quotes doesn't recognize this company name

Solucorp Industries Ltd.; April 30, 1998
Yahoo quotes doesn't recognize this company name

Shopping.com, Inc.; March 24, 1998
Yahoo quotes doesn't recognize this company name (acquired?)

Electro-Optical Systems Corp.; March 13, 1998
Yahoo quotes doesn't recognize this company name

International Heritage, Inc.; March 13, 1998
trading under symbol IHIN at 1/32
quote.yahoo.com

Struthers Industries, Inc.; January 26, 1998
trading under symbol STRU at 0.18
quote.yahoo.com

Struthers Industries, Inc.; January 9, 1998
see above



To: Bear Down who wrote (1105)6/22/1999 12:16:00 AM
From: Q.  Respond to of 1440
 
Of 28 trading halts in 98-99, only 3 stocks now trading under the original name on the BB or anywhere else that Yahoo recognizes. That's all!

For one of those 3 it is only because it was trading also in Vancouver. Neither of the remaining two trades for over a nickel.

shopping.com apparently was bought out.

What happened to the others? Who knows. Probably the same thing that will happen to NCDR.