CESV - Raw, you may be onto something here. Now it's the SEC's turn. Something smelly. Good trading stock while alive though
SEC SUSPENDS TRADING IN THE SECURITIES OF CHINA ENERGY SAVINGS TECHNOLOGY, INC.
The Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the Exchange Act), of trading in the securities of China Energy Savings Technology, Inc. (China Energy), a Nevada corporation headquartered in Hong Kong, at 12:01 a.m. EDT on May 19, 2006, and terminating at 11:59 p.m. EDT on June 2, 2006. The Commission temporarily suspended trading due to concerns that certain China Energy affiliates and shareholders may have unjustifiably relied upon Rule 144 of the Securities Act of 1933 (Securities Act) in conducting an unlawful distribution of securities that failed to comply with the resale restrictions of Rule 144 of the Securities Act. The Commission is also concerned that China Energy may have unlawfully relied upon Form S-8 of the Securities Act to issue unrestricted securities. Questions also have arisen regarding the accuracy and completeness of information contained in China Energy’s public filings with the Commission concerning, among other things, statements regarding the company’s shareholder base. The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to China Energy’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. (Rel. 34-53839)
TT
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
AI
