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Re: stlpenny post# 84451

Tuesday, 11/16/2010 2:20:48 PM

Tuesday, November 16, 2010 2:20:48 PM

Post# of 111215
We will come to know all facts about EIGH from SEC in a day or two.

No you won't.

What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?

No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.


http://www.sec.gov/answers/tradingsuspension.htm
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