It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Pinnacle Business Management, Inc. (“PCBM”) because of questions regarding the accuracy of assertions made by PCBM, and by others, in Commission filings and in documents sent to and statements made to investors concerning among other things, a planned spin-off by PCBM of a subsidiary in May 2002, the initial price at which the subsidiary will trade after the spin-off has been completed, and the conditions bearing on the subsidiary's chances of achieving an American Stock Exchange listing.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company.
Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the above listed company is suspended for the period from 9:30 a.m. EDT, May 8, 2002 through 11:59 p.m. EDT, on May 21, 2002.Start Signature
By the Commission.
Margaret H. McFarland,
[FR Doc. 02-11877 Filed 5-8-02; 1:33 pm]
BILLING CODE 8010-01-M