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flaflyersfan

09/25/12 9:06 AM

#58283 RE: litton51 #58279

litton51, no market can be made for Calypso Wireless;


The SEC may revoke the registration of stocks. In some circumstances, the SEC may revoke the registration of a defunct company's stock pursuant to Section 12(j) of the Exchange Act. Under Section 12(j), the SEC is authorized to revoke the registration of a security if it fails to comply with the federal securities laws. No broker-dealer may execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).





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

Also, if anyone is not licensed in their state as a broker-dealer they cannot sell stock to others. Finally, unless anyone holds a physical certificate that could be sold for collector's value like a beanie baby or baseball card, all electronic shares have been revoked by the Securities and Exchange Commission. They cannot be moved to other people's brokerage accounts because they no longer exist.

Good luck