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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus Long who wrote (46078)	7/8/1999 12:07:00 PM
From: Zack Lyon	Read Replies (1) \| Respond to of 50264

I don't like the looks of this based on the SEC guys perspective. The SEC has been using temporary trading suspensions as a tool to combat potential abuse or hype, especially when it leads to investor frenzy. Not surprisingly, the number of suspensions has climbed as the bull market has continued to run. In the last fiscal year ended Sept. 30, the commission issued 17 suspensions -- more than quadruple the number in 1995. Of the 17 companies that were halted that year, only one, Shopping.com (IBUY:OTC BB), has fully returned to active trading. Another four or five stocks have seen some isolated trading. This year, the SEC has already issued seven suspensions, including the six handed down Jan. 29. The stock of another company, Powertech Industries, which trades in Vancouver, was suspended Jan. 13. It looks to have resumed some trading, but is generally inactive. A suspension theoretically gives the company involved time to address regulators' concerns or rectify any false or misleading information in the public domain. However, in reality, suspensions mean almost certain trouble for a company, and once suspensions are lifted and trading resumes, investors usually storm the exits.