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TEX

06/07/10 3:04 PM

#16991 RE: penny_hunter_ #16990

That is not a proof.

Well, actually, it is proof--you're simply not understanding what you see. What he posted is what the SEC told brokers about publishing quotes for this suspended company. And the thing is, it's SOP for *all* non-exchange companies.

Regardless of what any given MM might *want* to do, they all face sanctions if they make a market without having a completed 211...
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Our-Street

06/07/10 4:22 PM

#17015 RE: penny_hunter_ #16990

You are missing one important reality. The SEC doesn't suspend trading because they think PR's are suspicious. They contact the company to confirm suspicious PR's or PR's they doubt are true and give the company an opportunity to provide the documentation of those representations. It's only when the company fails to provide proof and the SEC's own due diligence has either turned up evidence that proves the PR's false or the company fails to provide the requested proof that the SEC will step in and suspend a stock.

So, the suspension is already proof that the company's proof of the PR's didn't satisfy the SEC... that's why they suspended the stock.