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matrix

06/01/05 10:16 PM

#1062 RE: Mr. Bill #1061

Re: PM: Wish I had a crystal ball. I have no idea which of the few possibilites they'll go with.
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matrix

06/01/05 10:38 PM

#1063 RE: Mr. Bill #1061

I see these as the possibilites:

- Allow this to continue playing out. Sellers would still owe due bills to buyers. They could either settle up by offering cash, purchase stock through the company, or use the company to totally bail them out.
- Reverse all trades up through 17 May.
- Reverse the f/s only. Sellers would have to cover resulting short.
- Allow this to continue playing out until they can figure out what to do. SEC only has authority to suspend for two weeks which still may not be enough time for decision makers.
- File an emergency court order to stop trading.
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matrix

06/01/05 11:05 PM

#1064 RE: Mr. Bill #1061

Yes, the SEC would need to declare any registration filed effective. I've seen them give a few crappy small caps a real hard time to the point where the company gives up after submitting several amendments.