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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Westerkirk who wrote (7214)	7/30/1998 6:29:00 PM
From: Alastair McIntosh	Respond to of 11684

Westerkirk, the 15c2-11 is not filed by the Company. It is filed by a market maker after reviewing information provided by the company. If audited financials are provided to a MM and made available to the public, investors are in a position to judge the value of the company's stock as investment. This is protecting the investor by providing information on which to make an informed decision. I am sorry that you have put a lot of money into this stock. I hope that others reading this thread will learn the folly of putting money in non-reporting companies. Much better odds in the casinos.

To: Westerkirk who wrote (7214)	7/30/1998 9:28:00 PM
From: Arcane Lore	Read Replies (1) \| Respond to of 11684

... Does the company then have to fill out the 15c2-11 form to resume trading? ... Though the Reuters and Dow Jones summaries of the trading suspension have been posted, I don't think that the SEC announcement itself has been posted. Here it is: TEMPORARY SUSPENSION OF TRADING IN THE SECURITIES OF MOUNTAIN ENERGY,INC. The Commission today ordered the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act), of trading in the securities of Mountain Energy, Inc. (Mountain Energy), beginning 9:30 a.m. EDT, on July 29, 1998, and concluding 11:59 p.m. EDT, on August 11, 1998. The Commission ordered this trading suspension because of questions raised as to the adequacy and accuracy of publicly disseminated information concerning Mountain Energy. This information concerns, among other things, Mountain Energy's ownership of certain properties and the valuation of the mineral assets on those properties. The Commission determined that the public interest and the protection of investors requires a suspension of trading in Mountain Energy securities. The Commission cautions broker-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 it has complied with the rule, it 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, it should refrain from entering quotations relating to the securities of Mountain Energy until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. (Rel. 34-40273) sec.gov ===== Here's a link to rule 15c2-11: law.uc.edu