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To: canon ball who wrote (8705)8/14/1998 3:40:00 PM
From: Brooke Geiger  Read Replies (1) | Respond to of 11684
 
my understanding on the conversation with a friend of mine at the SEC is that they can suspend a stock for a finite period of time...in this case it was two weeks. It will then stay on the suspended list until someone (such as a MM) wishes to make a market for trades or until the company files its regulated forms. A MM decided to pick up trading today on the pink sheets...they can drop it at any time and we would therefore be suspended again and they can buy and sell at any price they wish.

Bottom line is....the gamble hasn't lessened because we now can trade again.

Brooke



To: canon ball who wrote (8705)8/14/1998 3:40:00 PM
From: LionHeart  Read Replies (1) | Respond to of 11684
 
"then why did the S.E.C. let trading resume"

The SEC did not let trading resume, they were free to trade as of August 11, a MM filed for the form 15c2-11, who? I don't know. Why?
Read my last post.

LH


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