The SEC's halt of GH3 will last for 10 business days, ending on Jan. 8, 2010. Unlike halts in Canada, those issued by the SEC place an onerous burden on brokers wishing to trade the stock even after it resumes. They must keep up-to-date information on the company's financial status and on its insiders. They must also have copies of the company's prospectus, its most recent annual report and any subsequent quarterly reports. In addition, brokers must maintain current information on the company's name, address, state of incorporation, number of shares outstanding, the name of its transfer agent and the nature of its products. Brokers must also know if a price quotation is from another broker or from an insider. They must provide this information to anyone interested in trading the company.
GH3 has been inactive since December, 2006. The stock, which traded at 1.4 cents in 2006, last traded at 0.01 of a cent.
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