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Technology Stocks : Solucorp Industries (SLUP - OTCBB) -- Ignore unavailable to you. Want to Upgrade?


To: hawkeye who wrote (65)5/3/1998 3:48:00 PM
From: Arcane Lore  Read Replies (2) | Respond to of 3679
 
First, let me give you a link to what I believe is the current* version of rule 15c2-11:

law.uc.edu

As you undoubtedly know, Solucorp is a reporting company with its latest filing being a 10-K filed on 4/15/98 for the period from 7/1/97 to 12/31/97:

sec.gov

What I belive will suffice for the requirements of 15c2-11 is for the company to file updated financial information, including information addressing SEC's concerns. In the case of shopping.com, the company did exactly that and as of 4/30/98 it reopened to trading through its principal market maker Waldron and Company (see
#reply-4294770 ,#reply-4301175 - in connection with the first post note that the currently correct link is now ocregister.com - since OCR occasionally changes the links you may need to use their search facility) Needless to say the updated filing should be 'squeaky clean'.

What happens then is that a NASD market maker needs to file and NASD needs to approve the application.

It is possible the company could get by with less than what I described above. FWIW I don't know of any recent examples, but perhaps I've missed some.

In any event the process is likely to be time consuming and extend beyond the 2 week halt.

* There is a proposed modification to the rule which can be found at:

sec.gov