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Re: happyguy72 post# 270143

Friday, 12/18/2009 4:42:38 PM

Friday, December 18, 2009 4:42:38 PM

Post# of 346918
happy,
From your link I see that 7 (maybe not coincidentally) of the 60+ companies that were suspended, were suspended individually, with the remainder being suspended in batches of 6 or more.
I'm guessing here, but I believe the group suspensions represent an ongoing SEC program to clear the decks of companies that have basically stopped operations and trading on their own.....next stop being revocation of registration.
The companies suspended individually, on the other hand, were probably suspended "for cause", where the absence of activity is not the SEC's primary reason for acting. It would be interesting to know if the latter group is the same 7 that were still breathing after suspension.

As noted, most of the above is conjecture, a product of both boredom and laziness.
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