Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (40490)	1/29/1999 12:27:00 PM
From: Joe King	Read Replies (1) \| Respond to of 41046

WASHINGTON (AP) -- The Securities and Exchange Commission suspended until Feb. 11 trading in shares of six small companies, an unusually high number of such trading halts in one day. In separate announcements today about each company, the SEC said it took the actions because of questions about the accuracy of the official company statements. The trading halts are standard 10-day suspensions, and will continue through 11:59 p.m. EST on Feb. 11. At that time the stocks, unless they're subject to a further suspension, can resume trading. Although the SEC did not elaborate, it is assumed an investigation of each company was under way. The companies' shares are traded on the National Association of Securities Dealer OTC Bulletin Board, a trading system for small stocks that have very low volume. They are: --USA Talks.com Inc. [OTC BB:USAT - news], based in San Diego, Calif. --Citron Inc. [OTC BB:CTRN - news], based in Denver, which describes itself as an Internet marketing company. --Smartek Inc. [OTC BB:SMEK - news], based in Idaho, which says it is involved in wholesale menswear and federally subsidized housing. --Electronic Transfer Associates Inc. [OTC BB:ECTS - news], based in Colorado, which describes itself as an Internet-related sales company. --Polus Inc., based in Colorado, which the SEC says has no apparent business operations. --Invest Holdings Group Inc., based in Colorado, which says it develops and sells health maintenance products. --------------------------------------------------------------------------------