IPHONE2 INC COM NEW (fka IPHE)

[Madman2004]

The Commission is authorized, by order, as it deems necessary or appropriate for the protection of investors to deny, to suspend the effective date of, to suspend for a period not exceeding twelve months, or to revoke the registration of a security, if the Commission finds, on the record after notice and opportunity for hearing, that the issuer of such security has failed to comply with any provision of this title or the rules and regulations thereunder.

Well...looks like we have a little over 11 months to go if worse come to worse. Chip needs to do a conference call...even if there is nothing to say other than what is going on behind the scenes, what is happening at this point in attempts to get the stock trading again.