Post by soonerlew on Nov 13, 2007 22:57:49 GMT -5
seemkayx
DIAMOND DIGGER
Re: November 19, 2007
« Reply #11 on Today at 5:01pm »
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Today at 1:20pm, one2few wrote:Thanks for those dates.
Can you tell us more about the email to offer more clarity? TIA
I sent an e-mail to the SEC on Nov. 4, 2007. I mentioned Casavant International Mining, told them we were not currently trading and asked some general questions regarding the fails to deliver. On Nov. 7, 2007 I received a response from the SEC, From a Real Person.
The answers were info we already knew but addressed on a one on one basis. (Not a form letter!) AND the return e-mail actually contained a FILE #.
The original response to the GF clause and the 35 days:
The Commmission recently voted to eliminate the grandfather clause provision of
Regulation SHO. The new amendment, effective October 15, 2007, requires that
all grandfathered fails be closed out within 35 settlement days from the
effective date of the amendment and if a security becomes a threshold security
after the effective date, all fails would need to be closed out within 13
consecutive settlement days.
I sent a second email on November 8, 2007 using the file number:
Regarding the removal of the grandfather clause: Can you tell me what the last
settlement date for the threshold securities is. The date the securities have
to be settled by?
Thank you in advance for your help.
On Nov. 9, 2007 I received a response from the same employee at the SEC. Department: Office of Investor Education and Advocacy
Their response:
Dear Investor,
Thank you for the follow-up email.The phase-in period for those securities
previously subject to the grandfather clause provisions of Regulation SHO ends
on December 5, 2007.
seemkayx (aka seemseek)
millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1194975081
DIAMOND DIGGER
Re: November 19, 2007
« Reply #11 on Today at 5:01pm »
--------------------------------------------------------------------------------
Today at 1:20pm, one2few wrote:Thanks for those dates.
Can you tell us more about the email to offer more clarity? TIA
I sent an e-mail to the SEC on Nov. 4, 2007. I mentioned Casavant International Mining, told them we were not currently trading and asked some general questions regarding the fails to deliver. On Nov. 7, 2007 I received a response from the SEC, From a Real Person.
The answers were info we already knew but addressed on a one on one basis. (Not a form letter!) AND the return e-mail actually contained a FILE #.
The original response to the GF clause and the 35 days:
The Commmission recently voted to eliminate the grandfather clause provision of
Regulation SHO. The new amendment, effective October 15, 2007, requires that
all grandfathered fails be closed out within 35 settlement days from the
effective date of the amendment and if a security becomes a threshold security
after the effective date, all fails would need to be closed out within 13
consecutive settlement days.
I sent a second email on November 8, 2007 using the file number:
Regarding the removal of the grandfather clause: Can you tell me what the last
settlement date for the threshold securities is. The date the securities have
to be settled by?
Thank you in advance for your help.
On Nov. 9, 2007 I received a response from the same employee at the SEC. Department: Office of Investor Education and Advocacy
Their response:
Dear Investor,
Thank you for the follow-up email.The phase-in period for those securities
previously subject to the grandfather clause provisions of Regulation SHO ends
on December 5, 2007.
seemkayx (aka seemseek)
millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1194975081