SEC Suspends Trading in 26 Stocks

I thought this is a relevant press release to post here:



SEC Suspends Trading of 26 Companies to Combat Corporate HijackingsActions Are First From Enforcement Division's Recently-Formed Microcap Fraud Working GroupFOR IMMEDIATE RELEASE2008-41Washington, D.C., March 13, 2008 - The Securities and Exchange Commission today suspended trading in the securities of 26 companies that appear to have usurped the identity of defunct or inactive publicly-traded corporations using a tactic known as corporate hijacking. The Commission ordered the suspensions because of questions regarding the adequacy and accuracy of information pertaining to their status as publicly-traded companies.The trading suspensions are part of the SEC's stepped-up effort to address fraud involving the securities of non-exchange traded, or microcap, securities. These are the first actions resulting from the recent formation of the Enforcement Division's microcap fraud working group. In March 2007, the Commission suspended trading in the securities of 35 companies as part of the SEC's Anti-Spam Initiative, which targets potentially fraudulent spam e-mail."Microcap investing involves thousands of companies and hundreds of thousands of investors. Keeping this tier of the market honest and free of fraud is every bit as important to investor confidence as our regulation of the world's largest companies and exchanges," said SEC Chairman Christopher Cox. "These trading suspensions demonstrate the SEC's intensified commitment to eradicating microcap fraud. The trading suspensions, and the actions that will follow, should leave no doubt that the Commission will use all of the weapons in its arsenal to combat those who threaten the integrity of our markets."Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, added, "Hijackings are a burgeoning problem, and a type which the Division's microcap fraud working group was created to address. Today's trading suspensions are squarely aimed at putting the market on notice about the risks associated with acquiring non-operational or 'shell' companies, and with investing in microcaps. This is a first step. We will continue to vigorously investigate those involved."In conducting the corporate hijacking, certain persons appear to have incorporated each of the 26 companies using the same name as a then defunct or inactive publicly-traded corporation. For identification purposes, each class of an issuer's publicly-traded securities is assigned a ticker symbol by Nasdaq Reorganization and a CUSIP number by the Standard & Poor's CUSIP Bureau. These same persons appear to have usurped the CUSIP numbers and ticker symbols assigned to the defunct or inactive corporations' publicly-traded securities for use by the newly-incorporated entities. They then appear to have obtained new CUSIP numbers and ticker symbols in lieu of the old ones, also for use of the newly incorporated entities, by apparently representing falsely that they were duly authorized officers, directors, or agents of the original publicly-traded corporation.The trading suspensions will last for 10 business days. The trading suspensions commenced today at 9:30 a.m. ET and terminate at 11:59 p.m. ET on March 27, 2008.The 26 companies whose trading was suspended today are: Andros Isle Development Corp. (AVPJ); Asante Networks, Inc. (ASTN); Beluga Composites Corporation (BGCC); Cobra Energy Inc. (CBNG); Complete Care Medical, Inc. (CCMI); Disability Access Corporation (DBYC); El Alacran Gold Mine Corp. (EAGM); Extreme Fitness Inc. (EXTF); Gaming Transactions Inc. (GGTS); Global Equity Fund, Inc. (GEQF); HealthSonix Inc. (HSXI); IQ Webquest, Inc. (IQWB); JSX Energy Inc. (JSXG); Kensington Industries, Inc. (KSGT); Kingslake Energy Inc. (KGLJ); L International Computers Inc. (LITL); Let's Talk Recovery Inc. (LKRV); Mobilestream, Inc. (MSRM); Mvive, Inc. (MVIV); Native American Energy Group Inc. (NVMG); Paramount Gold and Silver Corp. (PZG); Regal Technologies Inc. (RGTN); Remington Ventures, Inc. (REMV); Straight Up Brands, Inc. (STRU); Transglobal Oil Corp. (TRGO); and Turquoise Development Company (TQDC).The Commission cautions broker-dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by these companies. Further, broker-dealers should be alert to the fact that, pursuant to Rule 15c2-11 of the Securities Exchange Act of 1934, at the termination of the trading suspensions, no quotation may be entered unless and until the broker-dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of this company that has been subject to a trading suspension until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, D.C. at (202) 551-5720. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.The Commission acknowledges the assistance and cooperation of the Royal Canadian Mounted Police, the Ontario Securities Commission, the U.S. Attorney's Office for the District of New Jersey in Newark, the U.S. Attorney's Office for the Middle District of Florida in Tampa, the Newark and Tampa Field Offices of the U.S. Secret Service, and the Financial Industry Regulatory Authority (FINRA).Any investor or other person with information relating to this matter is invited to contact the staff at (202) 551-4600 or by e-mail at ENF-26suspensions@sec.gov.# # #For more information, contact:Scott W. FriestadAssociate Director, SEC's Division of Enforcement(202) 551-4962John S. PoliseAssistant Director, SEC's Division of Enforcement(202) 551-4981http://www.sec.gov/news/press/2008/2008-41.htm

Stocks To Watch Wednesday March 12th - CIRT, OLNK, BUNM, AMHD, CGGP, WNSH

CIRT has risen from its all-time lows and is up almost 100% since we made it our stock pick on Monday. CIRT is just another of our stock picks that have been very successful and we expect more from CIRT - so if you missed the start you surely are not too late, but as always do your won research before investing. It is only our opinion that CIRT will continue to rise. Also remember that our picks are based on research and analysis. We never get compensated by the company to pick their stocks and we never have contact with the company before making them our stock pick.

OLNK had significant volume today and rose from .0006 to a high of .0011 before settling back some for the close. I'd expect more upside for OLNK before the eventual drop to .0001 and reverse split.

BUNM keeps getting small buys each day and looks to eventually break through the resistance at .0002. It looks to be only a matter of time and a matter of volume at this point. Dilution from the company appears to have ended for the time being so any selling now would be from impatient shareholders.

AMHD and CGGP are both good stocks to look at for short term gains.

A few others to watch - VRED, USNT, GRMU, WNSH

Have a green wednesday.

Visit our sites:

http://www.pennystockforum.net/
http://www.pennystockforums.net/

Stocks To Watch Tuesday March 11th - CIRT, AMHD, ASWD, BUNM

CIRT is our new forum stock pick. Check out our forum for more about CIRT at http://www.pennystockforums.net . We expect CIRT to bounce from its current levels, and as always, never buy a penny more than you can afford to lose as CIRT, and all penny stocks carry huge risks.

ASWD surged over 900% on reverse merger news. This move alone validates holding shell stocks and knowing which ones to buy when value exists throughout the year. This should be an interesting stock to watch over the next few weeks. Expect a major push in the morning followed by some profit taking in the late morning, early afternoon.

AMHD pushed through some resistance to close and a strong .0025. With renewed buying volume on Tuesday this stock could hold .003 and above.

BUNM is slowly gaining volume after almost touching .0003 the other day. As interest returns to this triple zero gem the possibility for a 100-300% return looms as the Hypster.com Internet property attains an ever increasing membership growth.

Check out our new penny stock investment community at http://www.pennystockforum.net and have a green Tuesday.

Stocks To Watch Friday March 8th - BUNM, CIRT, ADCS, GRMU

BUNM looks ready for a push toward .0003. The Hypster.com / Facebook Press Release renewed some investor interest in the stock. The stock needs a little more buying volume to move higher, which it just might do the next few trading sessions. Keep your eyes on it.

ADCS looks like a multi-bagger tomorrow after scoring a big gain on Thursday. GRMU and CIRT are also stocks to watch on Friday.

Have a green day and enjoy your weekend.

On Watch For Tuesday March 4th - GRMU, RVGD, BUNM, CIRT

GRMU soared today from .0019 to a high of .007. With more buying volume the stock could easily surpass .01. Certainly a stock to keep your eyes on Tuesday.

RVGD also looks poised for a push to $.01. The dollar volume of this stock still is quite amazing. $750,000 entering a Pink Sheet penny stock is quite a feat, especially when it occurs frequently.

BUNM had some buys at $.0002 today. With some volume and news this stock should pass through the wall at $.0002 fairly quick. A run to $.0005 or more is not out of the question here.

CIRT hit an all time low today at $.0015. The stock is fits the definition of a bottom bouncer. It should bounce from here.

Have a green Tuesday and visit our forums:

http://www.pennystockforums.net
http://www.pennystockforum.net

Stocks To Watch Monday March 2nd - HCPC, RVGD, GRMU, MSTF

HCPC is looking to break through the .0003's on Monday morning. Any press release will bring this stock up to the $.0005's + and maybe to my call of .001. Time will tell.

RVGD looks ready for another of its runs toward .01. Just looking to rebound from a sell-off at the close on Friday.

GRMU is getting significant attention over the weekend as a stock that has dropped significantly and is looking to recover. Keep this one on your radar.

MSTF is also looking to recover some of the gains it has given back the last few trading sessions. Always a quick mover MSFT could head 30%+ higher on Monday.

Have a green Monday and visit our forums:

http://www.pennystockforums.net
http://www.pennystockforum.net

Level II Quotation Help Part I

Level II is a function of the NASDAQ market. NASDAQ is an interdealer market represented by over 600 securities dealers trading more than 15,000 different issues. These dealers are called market makers (MMs). Unlike the New York Stock Exchange (NYSE), the NASDAQ market does not operate as an auction market. Instead, market makers are expected to compete against each other to post the best quotes (best bid/ask prices).
A NASDAQ level II quote shows all the bid offers, ask offers, size of each offer (size of the market), and the market makers making the offers in real time. These quotes are available from the Nasdaq Advertisement Quotation Dissemination Service (NQDS). The size of the market is simply the number of shares the market maker is prepared to fill at that price. Since about 1985 the average person has had access to level II quotes by way of the Small Order Execution System (SOES) of the NASDAQ. Non-professional users can get level II quotes for about $50 per month.
List of market Makers that you see on level II:
ABLE - Natexis Bleichroeder Inc.
ABNA - ABN Amro Incorporated
ADAM - Canaccord Adams Inc.
AGED - A. G. Edwards & Sons, Inc.
ALPS - Alpine Securities Corporation
ANDZ - Assent LLC
AUTO - Automated Trading Desk Financial Services, LLC
AVON - Avondale Partners, LLC
BARD - Robert W. Baird & Co. Incorporated
BBNT - Scott & Stringfellow, Inc.
BERN - Sanford C. Bernstein & Co., LLC
BEST - Bear, Stearns & Co. Inc.
BKST - Brookstreet Securities Corporation
BMOC - Harris Nesbitt Corp.
BMUR - Brean Murray, Carret & Co., LLC.
BNCH - The Benchmark Company, LLC
BOFA - Banc of America Securities LLC
BSIC - Basic Investors Inc.
BUCK - The Buckingham Research Group Incorporated
BWNT - First American Capital and Trading Corporation
CANT - Cantor Fitzgerald & Co.
CDRG - Citadel Derivatives Group LLC
CEUT - C.E. Unterberg, Towbin (A California Limited Partnership)
CHDN - Chardan Capital Markets LLC
CHLM - Craig-Hallum Capital Group LLC
CIBC - CIBC World Markets Corp.
COWN - Cowen and Company, LLC
CRIS - Caris & Company, Inc.
CRTC - CRT Capital Group LLC
CWCO - Crowell, Weedon & Co.
DADA - D.A. Davidson & Co.
DAVA - Davenport & Company LLC
DBAB - Deutsche Bank Securities Inc.
DOMS - Domestic Securities, Inc.
DOTC - Dougherty & Company LLC
DRCO - Dahlman Rose & Company, LLC
EFGI - Empire Financial Group, Inc.
EKNS - EKN Financial Services Inc.
ETRD - E*Trade Capital Markets LLC
FACT - First Albany Capital Inc.
FAGI - Fagenson & Co., Inc.
FANA - First Analysis Securities Corporation
FBCO - Credit Suisse Securities (USA) LLC
FBRC - Friedman, Billings, Ramsey & Co., Inc.
FPKI - Fox-Pitt, Kelton Incorporated
FRAN - Wm. V. Frankel & Co., Incorporated
FSWC - First Southwest Company
GARC - ICAP Corporates LLC
GNLN - Gunnallen Financial, Inc.
GROW - Pacific Growth Equities, LLC
GSCO - Goldman, Sachs & Co.
HAMR - W.R. Hambrecht + Co., LLC
HDLY - J.J.B. Hilliard, W.L. Lyons, Inc.
HDSN - Hudson Securities, Inc.
HILL - Hill Thompson Magid and Co., Inc.
HRNB - Harris Nesbitt Corp.
HSBC - HSBC Securities, Inc.
JANY - Janney Montgomery Scott Inc.
JEFF - Jefferies & Company, Inc.
JGUN - Joseph Gunnar & Co. LLC
JPMS - J.P. Morgan Securities Inc.
JPTC - J.P. Turner & Company, L.L.C.
JRCO - Johnson Rice & Company L.L.C.
JSLP - Joseph Stevens & Company, Inc.
JSSF - JMP Securities LLC
KBRO - Kaufman Bros., L.P.
KBWI - Keefe, Bruyette & Woods, Inc.
KING - C. L. King & Associates, Inc.
LAZA - Lazard Capital Markets, LLC
LEER - Leerink Swann & Company
LEHM - Lehman Brothers Inc.
LYON - Calyon Securities (USA) Inc.
MADF - Bernard L. Madoff
MAXM - Maxim Group LLC
MDLD - McDonald Investments Inc.
MERI - Merriman Curhan Ford & Co.
MJSK - Miller Johnson Steichen Kinnard Inc.
MLCO - Merrill Lynch, Pierce, Fenner
MOKE - Morgan, Keegan & Company, Inc.
MSCO - Morgan Stanley & Co., Incorporated
MURF - Murphy & Durieu
MWRE - FTN Midwest Securities Corp.
NATY - Natcity Investments, Inc.
NEED - Needham & Company, LLC
NFSC - National Financial Services LLC
NITE - Knight Equity Markets, L.P.
OGRU - Oscar Gruss & Son, Incorporated
OPCO - Oppenheimer & Co., Inc.
PACS - Pacific Crest Securities Inc.
PERT - Pershing LLC
PIPR - Piper Jaffray & Co.
PRUS - Prudential Equity Group, Inc.
PUNK - Punk, Ziegel & Company, L.P.
RAJA - Raymond James & Associates, Inc.
RBCM - RBC Capital Markets Corporation
RHCO - SunTrust Capital Markets, Inc.
RILY - B. Riley And Co. Inc.
RODM - Rodman & Renshaw, LLC
ROTH - Roth Capital Partners, LLC
RYAN - Ryan, Beck & Co., LLC
SALI - Sterne, Agee & Leach, Inc.
SBSH - Citigroup Global Markets Inc.
SDLR - Sandler, O Neill & Partners, L.P.
SEAB - Seaboard Securities, Inc.
SIMM - Simmons & Company International
SKYC - Sky Capital LLC
SMHI - Sanders Morris Harris Inc.
SNCM - Stifel, Nicolaus & Company, Incorporated
SOCO - Capital One Southcoast, Inc
SPHN - Stephens Inc.
STCS - First American Capital and Trading Corporation
STFG - Stanford Group Company
SUSQ - Susquehanna Capital Group
TASL - Tradition Asiel Securities Inc.
TDCM - TD Waterhouse Capital Markets, Inc.
TDCO - Thompson Davis & Co., Inc.
THNK - ThinkEquity Partners LLC
TMBR - Timber Hill LLC
TRLN - Tradelink Securities, LLC
TWPT - Thomas Weisel Partners LLC
UBSS - UBS Securities LLC
VFIN - Vfinance Investments, Inc
VNDM - Vandham Securities Corp.
WBLR - William Blair & Company L.L.C.
WCHV - Wachovia Capital Markets, LLC
WEDB - Wedbush Morgan Securities Inc.
WEED - Weeden & Co