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Re: parrot head post# 13770

Tuesday, 05/25/2010 9:41:05 AM

Tuesday, May 25, 2010 9:41:05 AM

Post# of 22746
Here it is ----

The Securities and Exchange Commission ("Commission") announced the
temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act
of 1934 (the "Exchange Act"), of trading in the securities of ACT Clean
Technologies, Inc. ("ACT"), of Huntington Beach, California at 9:30 a.m. on
May 25, 2010, and terminating at 11:59 p.m. on June 8, 2010.
The Commission temporarily suspended trading in the securities of ACT
because of questions that have been raised about the accuracy and adequacy of
publicly disseminated information concerning, among other things: (1) British
Petroleum's purported expression of interest in using a so-called oil
fluidizer technology purportedly licensed to ACT's wholly-owned subsidiary,
American Petroleum Solutions, Inc., for use in cleanup operations in the Gulf
of Mexico, and its purported request that field tests be conducted on the oil
fluidizer technology; and (2) the purported results of field tests finding
that the oil fluidizers are effective for use in clean up efforts in the Gulf
of Mexico.
The Commission cautions broker-dealers, shareholders, and prospective
purchasers that they should carefully consider the foregoing information along
with all other currently available information and any information
subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to
Rule 15c2-11 under the Exchange Act, at the termination of the trading
suspension, no quotation may be entered unless and until they have strictly
complied with all of the provisions of the rule. If any broker or dealer has
any questions as to whether or not he has complied with the rule, he should
not enter any quotation but immediately contact the staff in the Division of
Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777.
If any broker or dealer is uncertain as to what is required by Rule 15c2-11,
he should refrain from entering quotations relating to ACT's securities until
such time as he has familiarized himself with the rule and is certain that all
of its provisions have been met. If any broker or dealer enters any quotation
which is in violation of the rule, the Commission will consider the need for
prompt enforcement action.
Any broker-dealer or other person has any information which may relate to
this matter is invited to call Nina B. Finston, Assistant Director, Division
of Enforcement of the Securities and Exchange Commission at (202) 551-4961.
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=CJK%2FvZ01ZaV9%2BcGOiFl4Ng%3D%3D. You can
use this link on the day this article is published and the following day.


(END) Dow Jones Newswires
05-25-10 0934ET
Copyright (c) 2010 Dow Jones & Company, Inc.
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