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Microcap & Penny Stocks : UPCA - Uniprime Capital Acceptance, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Charles Kalb who wrote (178)7/22/1999 1:12:00 PM
From: Country Tyme  Respond to of 640
 
I am guessing that if this stock begins to trade, it will go on the "pink" sheets and a broker will probably need to get involved to help... Also, I have seen the MM's disappear from a stock and the SEC puts them through tons of redtape to bring it back to the BB market. Eventhough the suspension is until 8/4/99, don't look for it to trade on the OTC BB until October or November (IMHO) ... Sorry.



To: Charles Kalb who wrote (178)7/22/1999 5:17:00 PM
From: im a survivor  Respond to of 640
 
Although somebody probably has already answered this for you :

<<If the stock is no longer tradable it seems to me that there is no way to officially close out the short position. Anyone with first-hand experience in a situation like this?>>

You are correct. While halted you are just as screwed as anybody that is long. That is if it never trades again. If it does trade, it will more then likely plumett bigtime and make anybody that was short a ton of money.