Replies to post #65916 on Global Technologies Group, Inc. (GTGP)

[janice shell]

Exactly. They have to persuade an MM to file a Form 211. That will not happen unless the company gets a no action letter from the SEC.

[sctts]

Securities laws let the SEC suspend trading in any stock for 10 days maximum. Barring exemptions and exceptions, a company whose trading privileges have been suspended can’t be quoted again unless it issues update information, including financial statements that are accurate.

In an Investor Alert, the Commission listed some of the reasons for suspending trading, including:
• Insufficient or not the most up-to-date or accurate information about a company, including no current periodic report filings.
• Existing questions about whether information made available to the public is accurate, including the most current details about a company’s operational status, business transactions, or financial state.
• Potential issues over the trading in the stock, such as possible market manipulation and insider trading.

Thank you Seven, this is very re assuring