How can TLYN trade if it is "UNDER SUSPENSION"?
"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."
If any broker, dealer or "other person" has any information which may relate to this matter, they should immediately communicate it to the Delinquent Filings Branch of the Division of Enforcement at (202) 551- 5466, or by e-mail at DelinquentFilings@sec.gov. (Rel. 34-55020)
ENFORCEMENT PROCEEDINGS - COMMISSION ORDERS HEARINGS ON REGISTRATION
Dec 29, 2006 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) -- In conjunction with today's trading suspension, the Commission today also instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of seven companies for failure to make required periodic filings with the Commission:
* Cosmetic Center, Inc. (COCQ) * Discovery Zone, Inc. * Donlar Biosyntrex Corp. * Donlar Corp. (DLRC) * Impax Laboratories, Inc. (IPXL) * Phoenix Waste Services Company, Inc. (PXWSQ) * Telynx, Inc. (TLYN)
In this Order, the Division of Enforcement (Division) alleges that the seven issuers are delinquent in their required periodic filings with the Commission.
In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the respondents to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of the securities of these respondents should be revoked, or in the alternative, suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.
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