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Therefore, it is ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the above-listed company is suspended for the period from
9:30 a.m. EST, January 17, 2007, through 11:59 p.m. EST, on January 30, 2007.
If/When we are cleared to trade, we will find out just how strong of a marketing guru J Plant is. I believe a comeback is possible, but it will need a PR blitz of epic proportions. It "ain't" gonna' be easy.
Why would the SEC take such action when it knows it will hurt current shareholders?
Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes the public may be making investment decisions based on false or misleading information. Suspensions give notice to current and potential investors that we have serious concerns about a company. A suspension may prevent potential investors from being victimized by a fraud.
Trading Suspensions! When the SEC Suspends Trading in a Stock
The federal securities laws allow the SEC to suspend trading in any stock for up to ten trading days. This document answers some of the typical questions we receive from investors about trading suspensions.
When can the SEC suspend a stock from trading?
When it serves the public interest and will protect investors, the SEC may suspend trading. For instance, the SEC may act when public information about a company is not current, accurate, or adequate. The SEC has acted when serious questions arose about a company's assets, operations, or other financial information.
Why couldn't the SEC forewarn me that it was about to suspend trading before I bought the security in the first place?
The SEC cannot announce that it's working on a suspension. We conduct this work confidentially to maintain our effectiveness and to guard against the destruction of evidence if our work becomes widely known. Confidentiality also protects a company and its shareholders if the SEC ultimately decides not to issue a trading suspension. Mindful of the seriousness of suspensions, the SEC moves as quickly as possible when it considers a trading suspension.
What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?
No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.
Will trading automatically resume after ten days?
It depends on the market where the stock trades. Different rules apply in different markets.
For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.
If the suspended stock resumes trading, why is it trading at a much lower price?
The trading suspension may raise serious questions and cast doubts about the company in the minds of investors. While some investors may be willing to buy the company's stock, they will do so only at significantly lower prices.
Why would the SEC take such action when it knows it will hurt current shareholders?
Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes the public may be making investment decisions based on false or misleading information. Suspensions give notice to current and potential investors that we have serious concerns about a company. A suspension may prevent potential investors from being victimized by a fraud.
How can I find out if the stock will trade again after a suspension?
You can contact the broker-dealer who sold you the stock or a broker-dealer who quoted the stock before the suspension. Ask the broker-dealer if it intends to resume publishing a quote in the company's stock.
If there is no market to sell my security, what can I do with my shares?
If there is no market to trade the shares, they may be worthless. You may want to contact your financial or tax adviser to determine how to treat such a loss on your tax return.
What can I do if the company acted wrongfully and I have lost money?
To get your money back, you will need to consider taking legal action on your own. The SEC cannot act as your lawyer. You must continue to pursue all of your legal remedies. For more information about how to protect your legal rights, including finding a lawyer who specializes in securities laws, read our flyer, How the SEC Handles Your Complaint or Inquiry.
To learn how to file an arbitration action against a broker-dealer, you can contact the Director of Arbitration at NASD or the New York Stock Exchange. NASD and the NYSE also offer mediation as an option before going to arbitration.
Where can I get information about trading suspensions?
You can find a list of companies whose stocks have been suspended by the SEC since October 1995 on our Web site.
How can I learn more?
We offer educational materials so that you can understand how the securities industry works and how you can avoid costly mistakes and fraud. Our educational materials also provide tips on how you can invest wisely. You can order our free publications by calling (800) SEC-0330, or read them on our Web site. For specific information about the risks of investing in low-priced stocks, see our publication, Microcap Stock: A Guide for Investors.
http://www.sec.gov/answers/tradingsuspension.htm
Nat: Nah! Only if you let them. Thats what I like about having a favs list and my favs nicknames appear in bold when they post.
NAT: I never cared or listened to the bashers. All I care about and have ever cared about is what effect events will have on the long term PPS of the stock.
UP: Thanks. Nice post. I'm w/ you. There isn't one danged thing we can do right now about the halt.
Forget GMA. We were halted.
BLIZ: Nice Post! Totally Agree!
Skippy: Good point. You are right. We didn't close red. We closed "dead". LOL! ;^)
I didn't "knowbo" what a NOBO list was until 5 minutes ago. I never called the CKYS HQ's because I didn't want to take time away from them making me money. I'm new, so I don't know which of these "I spoke with Jim" posters are for real or not.
A Newbie's Take:
I'm an investor/shareholder, albeit it a relatively new & relatively small one. CKYS has been halted. The money evidently is frozen. I/We can't touch it. So, what choice(s) do we have? The only one I see is to ride this thing out, and wait to see what happens.
Am I missing something?
Oh by the way, I put in a Wire Transfer this morning to double my holdings but the halt took place before I could buy.
NOBO List: Can I find out who the “street name” holders are?
A. Typically, “street name” beneficial owners are not identifiable. However, an issuer may be able to identify a portion of the “street” population by obtaining a listing of Non-Objecting Beneficial Owners (“NOBO” list). An issuer can request a NOBO listing from ADP. The listing will indicate those beneficial owners who have instructed their broker that they do not object to the disclosing of certain ownership information about themselves. Beneficial owners that do object to the disclosure of certain ownership information about themselves are called Objecting Beneficial Owners.
Non-Objecting Beneficial Owners and Objecting Beneficial Owners constitute the entire “street name” population. Consequently, a NOBO list will only provide the identities of a segment of the aggregate beneficial owner population.
Please, what is an "SEC enforced NOBO"? WTF is a NOBO?
RAGS: Very Nice Post!
Grey Sheet Shell Companies
A Grey Sheet Shell Company is a Pink Sheet that has not filed a 15c2-11. Due to this fact, all orders to purchase the accompanying stock must be unsolicited and the issue is “non-piggyback” qualified for market makers. This means that each market maker is responsible for conducting their own due diligence and cannot rely upon the due diligence of another market maker who has previously quoted a bid or ask price for the stock.
A Grey Sheet is a non-reporting entity and is sought out by companies who are interested in going public in the sense that they have a symbol, transfer agent and shareholder base, but do not have the immediate need for high liquidity and high trading volume of their stock. It is a sound vehicle for companies in need of capital in the amount of $1 million or less and can be ideal for conducting Rule 504 registered public offerings; Rule 504 accredited investor offerings and similar exempt intra-state offerings.
Grey Sheet Shells and their relevant offerings are generally for young or start-up companies that do not want to actively trade their stock and attract attention from the street until they have completed acquisitions; generated increased revenues or completed other short-term (less than five years) plans, but still desire the benefits of being a publicly traded company. These companies have the ability to: attract investors who want to know that there is an exit strategy in place for the near future; increase acquisition strength; attract venture capitalists; and enjoy the general status benefits of being a public entity.
Grey Sheets are also used by companies that already have a small number of shareholders to help them establish a larger shareholder base by conducting a 504 offering as discussed above. Typically, the NASD considers a shareholder base as a factor in approving 15c2-11 applications for market maker quotations on either the pink sheets or bulletin board. Consequently, and importantly, Grey Sheet Shells can assist companies establish a trading history through the 504 offering and with sophisticated investors, without the added expense of being a reported entity.
Since Grey Sheets do not qualify for short sales, the fear of short selling by the street is also eliminated. Also, because market makers may only quote unsolicited bids and asks and cannot “make a market” in a grey sheet stock, there is no concern of a market maker short selling the Grey Sheet stock either.
Grey Sheets can evolve into Pink Sheet Shells or Bulletin Board Shells by filing a Form 10 or similar registrations statement as well as a 15c2-11 application to be quoted on the bulletin board, and may even bypass the application to be quoted on the pink sheets.
Grey Sheets can range in price from $50,000 to $90,000.
This site is intended as a public resource for those gathering information and conducting due diligence for reverse mergers and public shells. It is not a solicitation to buy or sell securities and should not be construed as legal advice or considered to be a replacement for retaining securities legal counsel. For more resources, use our search box below.
Call us now, 800-971-7935 | Email: EMergersInc@aol.com
Retracted; no harm/disrespect intended.
Trading Suspensions! When the SEC Suspends Trading in a Stock
The federal securities laws allow the SEC to suspend trading in any stock for up to ten trading days. This document answers some of the typical questions we receive from investors about trading suspensions.
When can the SEC suspend a stock from trading?
When it serves the public interest and will protect investors, the SEC may suspend trading. For instance, the SEC may act when public information about a company is not current, accurate, or adequate. The SEC has acted when serious questions arose about a company's assets, operations, or other financial information.
Why couldn't the SEC forewarn me that it was about to suspend trading before I bought the security in the first place?
The SEC cannot announce that it's working on a suspension. We conduct this work confidentially to maintain our effectiveness and to guard against the destruction of evidence if our work becomes widely known. Confidentiality also protects a company and its shareholders if the SEC ultimately decides not to issue a trading suspension. Mindful of the seriousness of suspensions, the SEC moves as quickly as possible when it considers a trading suspension.
What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?
No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.
Will trading automatically resume after ten days?
It depends on the market where the stock trades. Different rules apply in different markets.
For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.
If the suspended stock resumes trading, why is it trading at a much lower price?
The trading suspension may raise serious questions and cast doubts about the company in the minds of investors. While some investors may be willing to buy the company's stock, they will do so only at significantly lower prices.
Why would the SEC take such action when it knows it will hurt current shareholders?
Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes the public may be making investment decisions based on false or misleading information. Suspensions give notice to current and potential investors that we have serious concerns about a company. A suspension may prevent potential investors from being victimized by a fraud.
How can I find out if the stock will trade again after a suspension?
You can contact the broker-dealer who sold you the stock or a broker-dealer who quoted the stock before the suspension. Ask the broker-dealer if it intends to resume publishing a quote in the company's stock.
If there is no market to sell my security, what can I do with my shares?
If there is no market to trade the shares, they may be worthless. You may want to contact your financial or tax adviser to determine how to treat such a loss on your tax return.
What can I do if the company acted wrongfully and I have lost money?
To get your money back, you will need to consider taking legal action on your own. The SEC cannot act as your lawyer. You must continue to pursue all of your legal remedies. For more information about how to protect your legal rights, including finding a lawyer who specializes in securities laws, read our flyer, How the SEC Handles Your Complaint or Inquiry.
To learn how to file an arbitration action against a broker-dealer, you can contact the Director of Arbitration at NASD or the New York Stock Exchange. NASD and the NYSE also offer mediation as an option before going to arbitration.
Where can I get information about trading suspensions?
You can find a list of companies whose stocks have been suspended by the SEC since October 1995 on our Web site.
How can I learn more?
We offer educational materials so that you can understand how the securities industry works and how you can avoid costly mistakes and fraud. Our educational materials also provide tips on how you can invest wisely. You can order our free publications by calling (800) SEC-0330, or read them on our Web site. For specific information about the risks of investing in low-priced stocks, see our publication, Microcap Stock: A Guide for Investors.
http://www.sec.gov/answers/tradingsuspension.htm
New SEC PR!!!
CyberKey Solutions, Inc. Acknowledges Cooperation With SEC During Temporary Suspension of Trading
ST. GEORGE, UT -- (MARKET WIRE) -- February 05, 2007 -- CyberKey Solutions, Inc. (PINKSHEETS: CKYS) announced today that the Company is cooperating with regulators to address the temporary trading suspension of the Company's stock. CyberKey Solutions is working diligently to provide any and all information requested, as part of an informal inquiry by the Securities and Exchange Commission.
CyberKey Solutions, Inc. will keep its shareholders informed and urges them to visit the Company's website, www.cyberkeysolutions.com, to sign up for the shareholder e-mail list. As soon as additional information is made available, all shareholders on the Company's e-mail list will receive notification.
"We are currently working through our SEC attorney to provide any backup information that the SEC may require and hope to have our stock up and trading as soon as possible," stated Jim Plant, CEO of CyberKey Solutions, Inc.
Highlighted Links
MacReport.Net
CyberKey® Corporation
About CyberKey Solutions, Inc.:
CyberKey Solutions, Inc., based in St. George, Utah, partners with industry leading manufacturers and distributors to deliver secure USB drive-based solutions to vertical markets and content owners, service providers and resellers. CyberKey's solutions solve real world issues in the entertainment, education, government, military, automotive, financial services and medical industries. CyberKey Solutions' technologies allow users to securely transfer large amounts of data, files and applications software from one electronic device to another while employing a patent pending USB-based Digital Rights Management process. CyberKey's solutions create new opportunities for existing industries and applications. For more information, please visit their website at www.cyberkeysolutions.com.
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
--------------------------------------------------------------------------------
Contact:
Investor Relations
1-866-THE-APPL(E)
www.cyberkeysolutions.com
SOURCE: CyberKey Solutions, Inc.
--------------------------------------------------------------------------------
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NEW SEC PR!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.marketwire.com/mw/release_html_b1?release_id=211490
I left pre-open,wire transfer 10:30CST to buy more today. I knew nothing about the halt. Thank Goodness I didn't do this any earlier. When I got home and checked my trading account, I saw this: CKYS#. I was wondering ehat the # was all about. Ihub provided the answers.
So trading is frozen. What happens to the company?
Worst case scenario? Somebody?
IMHO: Drive traffic to web site; view all products.
Smashers, Bashers, Shorters, Flippers, Day Traders
Fork 'em and feed 'em fish heads!
All I really care about are the events that will effect the long term pps of ckys!!!
Working with Government Agencies
"We are working closely with a number of government agencies so that we can design additional products and services that address the Federal Government’s specialized needs. We cannot discuss some aspects of our product development processes and relationships due to security issues, other than to say we are working with several of the largest government and/or military agencies, including a Federal Government Agency."
http://cyberkeysolutions.com/index.php?option=com_content&task=view&id=22&Itemid=66
Traffic Rank for cyberkeysolutions.com:
Today 1 wk. Avg. 3 mos. Avg. 3 mos. Change N/A* 858,080 536,645 >>>>> +710,085
* Daily values are not available for sites ranked outside of the Top 100K.
Reach for cyberkeysolutions.com:
Reach per million users:
Today 1 wk. Avg. 3 mos. Avg. 3 mos. Change -- 1 1.25 >>>>> +178%
Page Views for cyberkeysolutions.com:
Page Views per user: Today 1 wk. Avg. 3 mos. Avg. 3 mos. Change
-- 3.5 5.3 >>>>> +32%
Hold Down The Fort Long Holders/Long Timers
I'm leaving for work at 6:45 and won't have internet access where I will be. I'll be done around 12:30. Then, I'm headed for Wells Fargo to do Wire Transfer.
I should be home around 1:45. I'm hoping to buy more shares before the close.
>>> That is if the PPS is still in a range where I can afford it!!!! ;^)
Link: Track CyberKey Web Site Hits!!!!
http://www.alexa.com/data/details/traffic_details?url=www.cyberkeysolutions.com
It should be fun & interesting to track web site hits this week as part of our DD.
"Early to bed, early to rise, work like hell, and ADVERTISE"!!!!
MARKETING: "Selling the sizzle, not the steak"! (IMHO)
I'll be wire transferring more $ to my Sct Acct this am to add to my # of shares.
Swift! Hear Hear!
Yes! Many Thanx to Jab & Max!!!!!!!
Just put in a money transfer to Scottrade. Takes 3 biz days. I hope I can afford to buy more by then. It may be too expensive!
Anytime, T-Mac
It will be interesting to see the amount of sales on the way up if/when we go on a nice run. Any comments/experiences?
There are several things that I will be looking for next week. One thing for sure is that we really need to break this 45 day cylcle/pattern/trend = has been very consistent. One or two green days and then one or more red days that follow. IMHO this will be the week that we break it. The GMA segment will surely help. I'm curious to see what PRs may appear.
http://www.investorshub.com/boards/quotes.asp?ticker=CKYS&qm_page=52987&qm_symbol=CKYS
Link to NASCAR AD Press Release:
http://www.marketwire.com/mw/release_html_b1?release_id=192361
What did I miss?
Hi All! Came home to pleasant, green day!
Hot: You Go, Boy!