Did Dwight and Robert not try and do the same with ZIPL ?
Extract from the PR/Notice - see below for complete PR.
''The regulatory body said certain persons appear to have taken identification numbers and ticker symbols assigned to defunct or inactive public companies by falsely representing themselves as authorized officials of the original publicly traded corporation''.
Did they ever intend to change the Ticker symbol on WRII ?
GM
DOW JONES NEWSWIRES
The Securities and Exchange Commission on Thursday temporarily suspended trading in 26 companies, saying it appears the firms have taken the identities of defunct or inactive publicly traded companies in a tactic called "corporate hijacking."
In a press release Thursday, the regulatory body said the suspensions, which start today and last through March 27, are part of the SEC's stepped-up effort to address fraud involving microcap securities.
"Today's trading suspensions are squarely aimed at putting the market on notice about the risks associated with acquiring non-operational or 'shell' companies, and with investing in microcaps," Linda Chatman Thomsen, director of the SEC's Division of Enforcement, said in the release.
The SEC said it ordered the suspensions because of questions regarding the accuracy of information pertaining to the companies status as publicly traded. The regulatory body said certain persons appear to have taken identification numbers and ticker symbols assigned to defunct or inactive public companies by falsely representing themselves as authorized officials of the original publicly traded corporation.
The commission warns investors and prospective investors that they should carefully consider the suspensions, and other information currently available or subsequently released by the companies.
The 26 companies whose trading was suspended today are: Andros Isle Development Corp. (AVPJ); Asante Networks Inc. (ASTN); Beluga Composites Corp. (BGCC); Cobra Energy Inc. (CBNG); Complete Care Medical Inc. (CCMI); Disability Access Corp. (DBYC); El Alacran Gold Mine Corp. (EAGM); Extreme Fitness Inc. (EXTF); Gaming Transactions Inc. (GGTS); Global Equity Fund Inc. (GEQF); HealthSonix Inc. (HSXI); IQ Webquest Inc. (IQWB); JSX Energy Inc. (JSXG); Kensington Industries Inc. (KSGT); Kingslake Energy Inc. (KGLJ); L International Computers Inc. (LITL); Let's Talk Recovery Inc. (LKRV); Mobilestream Inc. (MSRM); Mvive Inc. (MVIV); Native American Energy Group Inc. (NVMG); Paramount Gold and Silver Corp. (PZG); Regal Technologies Inc. (RGTN); Remington Ventures Inc. (REMV); Straight Up Brands Inc. (STRU); Transglobal Oil Corp. (TRGO); and Turquoise Development Co. (TQDC).
-Jared A. Favole, Dow Jones Newswires; 202-862-9207; jared.favole@dowjones.com
> Dow Jones Newswires
03-13-08 1015ET
Copyright (c) 2008 Dow Jones & Company, Inc.
