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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?


To: Randall Rosen who wrote (6663)9/14/1998 10:51:00 AM
From: Z man  Respond to of 7054
 
Randlall...here is a like problem that faces ACRT. The difference is ACRT "is" doing something about it....

NEW HOPE, Pa., Sept. 11 /PR/Newswire/ -- Tel-Save Holdings, Inc. (Nasdaq: TALK - news) reported today that it expects to report significantly better income results for its third quarter......

The Company also announced that it has paid for 14,690,500 shares of its stock to date under its previously announced repurchase authorization. The Company suspended the buyback program as of August 31 due to the failure of its brokers in making delivery of a significant portion of the shares already paid for. The Company is dependent upon these brokers to deliver these shares and believes that brokers should be conducting buy-ins on failed trades pursuant to the NASD's Uniform Practice Code Rule 11810. The Company may resume such repurchases in the future. "

Regards
Zman



To: Randall Rosen who wrote (6663)9/16/1998 4:59:00 PM
From: Keith A Walker  Read Replies (2) | Respond to of 7054
 
I am a little naive about this, so all you "professionals" out there on this thread, please be kind: What does "failure to receive" mean?

Is someone selling ACRT without actually having the certificates? Tisk, tisk. Hmmmmm, is this something that the SEC may begin looking into?