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Post# of 285953
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matrix

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matrix

Re: janice shell post# 110516

Saturday, 12/30/2006 9:14:17 AM

Saturday, December 30, 2006 9:14:17 AM

Post# of 285953
No, it isn't. The SEC cannot revoke a registration that does not exist. To stop trading on non-reporters, they need to drag the company into court and gain a favorable ruling or persuade insiders to settle. This can take many years.

I doubt the SEC will impose a 10-day suspension on SLJB. IMO their primary reason for using this tool is to stop MMs from making a market in a security w/ warning the public being a far distant second. Since SLJB is an unsolicited pinkie, MMs shouldn't be making a market there. Also, Canadian regulators are already moving to stop trading.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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