It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Verdisys, Inc. (“Verdisys”) because of questions regarding the accuracy and adequacy of assertions by Veridsys, and by others, in periodic and current filings and press releases to investors, concerning, among other things: (1) The company's business operations related to its lateral drilling services; and (2) the company's anticipated and actual revenues.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in securities related to the above company.
Therefore, it is ordered, pursuant to section 12(k) of the Securities Exchange Act of 1934, that trading in all securities, as defined in section 3(a)(10) of the Securities Exchange Act of 1934, issued by the above company, is suspended for the period from 9:30 a.m. e.s.t. on Wednesday, March 10, 2004, and terminating at 11:59 p.m. e.s.t. on Tuesday, March 23, 2004.Start Signature
By the Commission.
Jill M. Peterson,
[FR Doc. 04-5783 Filed 3-10-04; 2:49 pm]
BILLING CODE 8010-01-P