rlwalla
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Re:GBDX : Serious Chat Time - 2008/07/31 06:52 pm
News for 'GBDX' - (COMMISSION ANNOUNCEMENTS - SEC Suspends Trading in the Stock of Global Diamond)
Jul 31, 2008 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via
COMTEX) -- Today, the Securities and Exchange Commission announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934
(the "Exchange Act"), of trading in the securities of Global Diamond Exchange,
Inc., at 9:30 a.m. EDT, July 31, 2008, through 11:59 p.m. EDT, on August 13,
2008.
The Commission temporarily suspended trading in these securities because there
is a lack of current and accurate information concerning its securities.
Questions have arisen concerning the company's current business operations,
control of the company, and the company's reliance on Rule 504 of Regulation D
of the Securities Act of 1933 in conducting a distribution of its securities.
The Commission cautions brokers, 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 the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule
15c2-11 under the Exchange Act, at the termination of the trading suspension, no
qu otation may be entered unless and until they have strictly complied with all
of the provisions of the rule. If any broker or dealer has any questions as to
whether or not it has complied with the rule, it should not enter any quotations
but immediately contact the staff in the Division of Trading and Markets, Office
of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is
uncertain as to what is required by Rule 15c2-11, it should refrain from
entering quotations relating to the securities of Global Diamond Exchange, Inc.
until such time as it has familiarized itself with the rule and is certain that
all of its provisions have been met. If any broker or dealer enters any
quotation which is in violation of the rule, the Commission will consider prompt
enforcement action. (Rel. 34-58271)
The degree of one's emotion varies inversely with one's knowledge of the facts--- The less you know the hotter you get.
Bertrand Russell, British philosopher
GGG Millionaires Club 2008! (Green Graham Gang)
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