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TEFFY

11/10/10 7:44 PM

#5101 RE: Realityhurts #5100

My first answer is yes, but a better question, not sure financials can be completed in that time frame, tough deadline to hit :-(

It seems to me that the SEC is going to clean up the PS market more and more, C/E is actually a good place to start.

I am curious to see what happens myself, will track all the ones they went after today.

Here is the reality of what happens to a stock that is halted, down to greys and ugly, lets hope not, we will see what happens with this group the sec went after.
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SRV-90

11/10/10 7:52 PM

#5102 RE: Realityhurts #5100

If...they key word there..IF..Gelmon can get financial statements all current in 10 days they would need to have an MM to file a 15c-211 form to begin making bids again. Other MM's can piggy back off of that filing.

I believe FINRA needs to be involved in that as well and I don't know if that will satisfy them.

Most likely this will remain on the gray market until Gelmon can correct the situation.

Will be interesting to see if he can as I don't think any company has truly come out of this predicament.