Business
Suspension of Trading
Suspension of Trading.
About this update from Magellan Energy Ltd
[{"type":"text","content":"UNITED STATES OF AMERICAst1\\:*{behavior:url(#ieooui) }UNITED STATES OF AMERICABefore theSECURITIES AND EXCHANGE COMMISSIONSECURITIES EXCHANGE ACT OF 1934 Release No. 60707 / September 23, 2009 The Securities and Exchange Commission (the “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 the following 17 companies at 9:30 a.m. EDT on September 23, 2009, and terminating at 11:59 p.m. EDT on October 6, 2009: AEI Transportation Holdings, Inc. (DTGP) of Seattle, Washington; The Alcar Chemicals Group, Inc. (ALCX) of Vercheres, Quebec; China Adnet Enterprises, Inc. (CAEJ) of New York, New York; Innolife Pharma, Inc. (INNP) of Toronto, Ontario; KSW Industries, Inc. (KSWJ) of Etobicoke, Ontario; Level Vision Electronics, Inc. (LVLV) of Montreal, Quebec; Life Exchange, Inc. (LFXG) of Miami, Florida; Lotta Coal, Inc (LCOL) of Calgary, Alberta; Magellan Energy Ltd. (MGLG) of Mississauga, Ontario; Marinas International, Inc. (MNSI) of Cincinnati, Ohio; Microlink Solutions, Inc. (PKTO) of Calgary, Alberta; UDS Group, Inc. (UDSG) of Boca Raton, Florida; United Environmental Energy Corp. (UTEM) of Fort Lauderdale, Florida; Uptrend Corp. (UPCP) of Shinjingshan District, Beijing; VShield Software Corp. (VSHE) of Henderson, Nevada, World Hockey Association Corp. (WHKA) of Oldsmar, Florida; and WW Energy, Inc. (WWNG) of Farmington, New Mexico. The Commission temporarily suspended trading in the securities of the 17 companies because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning their status as publicly-traded companies. Specifically, certain persons appear to have either: 1) usurped the identity of defunct or inactive publicly traded corporations, initially by incorporating new entities using the same names as each of the defunct entities, or 2) reinstated defunct publicly traded corporations without authorization. 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 suspended companies. Further, brokers and dealers should be alert to the fac...