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dragon52

11/06/06 1:14 PM

#124484 RE: SammyTheBull #124474

lol... not if cshd is vindicated... and the bonds real

that is the biggest arguement the sec had. if the bonds are proven, non-compliance is not an issue. they get reinstated back to compliant.

the pulling of the 15c2-11 was due to non-compliance.... read the complaint.
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Our-Street

11/06/06 1:18 PM

#124498 RE: SammyTheBull #124474

SammyTheBull, you are correct a normal 15c2-11 takes weeks and longer to process through the NASD if they don't have a reason to make it take longer (wink wink).. but this presumes something not in evidence and that is that there is a market maker out there willing to submit it in the first place. Keep in mind that submitting a 15c2-11 classifies the market maker submitting it as an UNDERWRITER with all the incumbent liabilities. You cannot pay a market maker to submit it, that is against the law, so it becomes a voluntary act. Anyone who thinks a market maker is going to submit this to the SEC had better think again. The risk is obvious, where is the reward?

Think about it then you will agree with me when I say....

We got a dead stock walkin' Boss!!!!