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janniebgood

01/27/07 8:30 AM

#246315 RE: swifty714 #246302

That would leave you in a world of hurt, relegated to trade on the grey sheets until the company could convince a market maker to represent them. Problem is, any market marker even considering taking that risk would do exhaustive due diligence and probably wouldn't want to touch a company which has been mired in investigations by regulatory commissions of not one, but two countries.

The way I understand it, on the grey sheets, there are no market makers and no bid and ask posted, and only exactly matching trades execute. For example, if you put in a sell order for 1000 shares at .10, then there must be a buy order for exactly 1000 shares at .10 in order for your trade to execute. Many stocks which trade on the greys eventually die on the vine.

This would probably be the worst thing that could happen to this stock.
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lucky, mydog

01/27/07 10:36 AM

#246328 RE: swifty714 #246302

the sec does not halt trading. they may suspend trading for ten days. they may also sue to revoke registration.