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

To: Michael E. Baldino who wrote (250)	7/25/1999 11:49:00 AM
From: Janice Shell	Read Replies (1) \| Respond to of 640

No. All SEC trading halts are temporary. If, after the two-week suspension period is up, the company wants to trade once again as an OTCBB company, it must persuade a market maker to file a form 15c2-11. In order for the form to be completed, the company needs to supply recent financials and a number of other things. The market maker who signs off on it warrants its accuracy. This is why mms rarely want to step up to the plate in these situations. If no Form 15c2-11 is filed, the company can indeed trade, but only as a pink sheet.

To: Michael E. Baldino who wrote (250)	7/25/1999 10:29:00 PM
From: dumbmoney	Read Replies (1) \| Respond to of 640

After the two week halt, the stock can be traded person-to-person (via an ECN, for example) but market makers are not allowed to make a market (until they comply with rule 15c2-11). Since the OTCBB is a dealer market, and the dealers aren't allowed to enter quotes, the stock disappears from the BB. Historically, very few stocks that are halted by the SEC are ever quoted again. See sec.gov Here's the rule on quotations: frwebgate.access.gpo.gov