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 : DACQ - Here we go again? -- Ignore unavailable to you. Want to Upgrade?

To: Don Lachot who wrote (3443)	2/28/1999 12:20:00 AM
From: Lee Kennedy	Respond to of 3501

I don't think it ever hit 2 cents on Friday, Don. Yahoo has the high at 1.9. I had a sell order in at 2, but it didn't go.

To: Don Lachot who wrote (3443)	8/3/1999 4:11:00 PM
From: Mitch Aunger	Read Replies (1) \| Respond to of 3501

SEC and DACQ... Interesting story that includes DACQ... sec.gov A Bolivian mining company without basis inflated its assets by assigning a $40 million value to Bolivian mineral properties that had been acquired in a sham transaction. Respondents issued press releases and other material with false statements about these assets and other aspects of the company. Respondents dumped their stock onto the market, reaping nearly $4 million. (In the Matter of Dynamic American Corp.) From that story link to sec.gov SECURITIES EXCHANGE ACT OF 1934 Release No. 41688 / August 2, 1999 ADMINISTRATIVE PROCEEDING File No. 3-9951 IN THE MATTER OF DYNAMIC AMERICAN CORPORATION Today, the Commission instituted proceedings against Dynamic American Corporation to determine whether the registration of its stock under the Exchange Act should be revoked. Dynamic American is a defunct Utah shell corporation whose stock is traded on the National Association of Securities Dealers Bulletin Board. The Order Instituting Proceedings alleges that Dynamic American did not file required annual or quarterly reports with the Commission for any period after the quarter ended September 30, 1995. Dynamic American registered its stock under the Exchange Act and became required to file these and other periodic reports in 1972. Section 12(j) of the Exchange Act, the provision under which these proceedings are instituted, provides that the registration of a security may be revoked by the Commission based upon failure to comply with any requirement of the Exchange Act. Section 12(j) further provides that brokers and dealers may not trade a security whose registration has been revoked through this process. A hearing will be held to determine whether the staff's allegations are true, and if so, what, if any, sanction is necessary or appropriate for the protection of investors.