Ashton Technology Group (fka ASTN)

[xxrayeyes]

ASTN Withdraws Registration Statement

THURSDAY , FEBRUARY 14, 2002 02:56 PM

Ashton Technology Group Inc (The) (OTCBB:ASTN) is trading higher in the session at this time, on volume that is 45% higher than its 20-day average.

The company submitted a form RW with the SEC today withdrawing the Form S-3 filed on August 28, 2001. According to the filing, since the S-3 was filed, 16,527,508 of the shares registered for resale became eligible for resale under Rule 144. The remaining 200,000 shares, being registered for resale upon the exercise of warrants, have since been canceled.

Shares of the company are trading lower than four of four moving averages, and at a level between the range of its 5- and 20-day technical downside price support and its 5-day technical upside price resistance at $0.330, as calculated by Knobias technical analysis. The stock has a 30-day closing range of $0.145 to $0.400.

The Company is an eCommerce company that develops and operates electronic trading and intelligent matching systems for the global financial securities industry. The Company’s focus is to develop and operate alternative trading systems, serving the needs of exchanges, institutional investors and broker-dealers in the U.S. and internationally.


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