shorts. CEO's can not halt trading in any stock, be it traded on AMEX, NYSE or the Naz. The Pinksheet OTC is not a self regulatory exchange like AMEX or Naz. Therefore the Pinksheet.com, which manages the OTC has absolutely no authority to issue a halt.
cut the nonsense I am not talking about a SEC halt. The CEO can halt his own stock and especially if he thinks there is something wrong.
Only the SEC has the authority to halt a pinksheet stock and just recently the NASD were given the authority on a very limited basis. Imagine the chaos if the CEOs were given that power as well. "Let's see, I dont like the way my stocks trade today. Guess I better issue a halt order". ..LOL
Due to the general nature of trading and quotation in the OTC equity market, and the fact that NASD lacks a direct contractual relationship with OTC equity issuers, the NASD does not favor imposing a trading halt and thus expects to exercise this authority in very limited circumstances.
That leaves the SEC as essentially the only authority to halt trading ion OTC stocks. Remember the CHSD scam?
"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
