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To: Arcane Lore who wrote (5335)	8/21/1999 9:25:00 AM
From: Anthony@Pacific	Respond to of 8858

SNMM<-------The language we may all see in some form or another..Last victory was on UPCA<-----@ 8 bucks down to 6 cents in 3 weeks.. The Commission cautions brokers-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not they have complied with the rule, they should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, they should refrain from entering quotations relating to Uniprime securities until such time as they have familiarized themselves with the rule and are certain that all of its provisions have been met. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action. If any broker-dealer or other person has any information which may relate to this matter, Dorothy Heyl of the Northeast Regional Office of the Securities and Exchange Commission should be telephoned at (212) 748-8213.

To: Arcane Lore who wrote (5335)	8/21/1999 1:09:00 PM
From: Arcane Lore	Respond to of 8858

A small but potentially important correction regarding SEC trading suspensions: It has been stated elsewhere on the thread by a poster whose statements on regulatory matters are usually quite reliable, that the SEC doesn't halt stocks mid day. While this is almost invariably the case, there is no rule which says that this must be so. Following this text is a partial copy of an announcement of an SEC trading halt which occurred during the trading session. The stock in question was an OTCBB issue resulting from a reverse merger. After very volatile trading on the first day and a half as a new entity, the SEC stepped in (see #reply-3702991 for the announcement and #reply-3706152 for further details on the day and a half of trading prior to the trading suspension). I suspect the SEC acted midday because the perceived need for immediate action to protect investors was judged more important than waiting until the start of the next trading day per their usual practice. AN ANNOUNCEMENT FROM THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION: U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 39749/ March 13, 1998 The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of over-the-counter trading of the securities of International Heritage, Inc. ("IHIN"), a Raleigh, North Carolina company which holds itself out to be a direct sales organization selling various products, including lines of expensive jewelry, collectibles, luggage, golf equipment and long distance service, from 1:00 P.M. EST, March 13, 1998 through 11:59 P.M. EST, on March 26, 1998. #reply-3702991