Replies to post #11002 on Electronic Game Card, Inc (fka EGMIQ)

[melissa1188]

From the SEC website:

Will trading automatically resume after ten days?

It depends on the market where the stock trades. Different rules apply in different markets.

For stocks that trade in the OTC or the over-the-counter market, trading does NOT automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.

In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.

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

[EHubair]

Is this scenario a possibility?

Can the SEC require brokerage firms, who allowed shares to be sold short, force a call in of those shorted shares, so that if your brokerage firm actually lent out the long buyers rightful property, it can be returned to the rightful owners? like at a the last price the stock traded at>??

I think I will call my broker this morning and see about a possibility of getting my shares exchanged at the last tradeable price, especially if they have been lent out.

Just a though out of many in my scattered brain this AM

[EHubair]

EGMI is Missing out on this nice little rally