Replies to post #903 on IPHONE2 INC COM NEW (fka IPHE)

[droll7]

10/24/2007 13:43:35|D||IPHE||iPHONE2, Inc. New Common Stock|10/25/2007|12(j) Registration Revoked by SEC **

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/24/2007&mkt_ctg=NON-OTCBB


The SEC may revoke the registration of stocks. In some circumstances, the SEC may revoke the registration of a defunct company's stock pursuant to Section 12(j) of the Exchange Act. Under Section 12(j), the SEC is authorized to revoke the registration of a security if it fails to comply with the federal securities laws. No broker-dealer may execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).

A defunct company may not have a transfer agent. In some situations, the defunct company does not have a transfer agent. Although the federal securities laws do not require a company to have a transfer agent, if a company does not have a transfer agent, investors are unable to receive or transfer their stock certificates. Sometimes the SEC has considered a company's lack of a transfer agent as a factor in whether to revoke the registration of stock pursuant to Section 12(j) for the protection of investors.

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