24 February 2005 – LAWFUEL – The Law News Network – 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 of the securities of Maximum Dynamics, Inc.
(“Maximum”), of Colorado Springs, Colorado at 9:30 a.m. EST on February 24,
2005, and terminating at 11:59 p.m. EST on March 9, 2005.
The Commission temporarily suspended trading in the securities of Maximum
because of questions regarding the accuracy of assertions to investors by
Maximum in its most recent periodic filing (Form 10-QSB, filed December 3,
2004), and a press release dated January 10, 2005, concerning, among other
things: 1) the reason why Maximum has experienced delays in fulfilling
orders of its Tagnet product offering; and 2) that Maximum has signed an
agreement that will enable it to offer its point-of-sale solutions to the
prepaid market in Mexico and the United States.
The Commission cautions broker 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 quotation 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 he has complied with the rule, he should
not enter any quotation but immediately contact the staff of the Securities
and Exchange Commission in Washington, D.C. If any broker or dealer is
uncertain as to what is required by Rule 15c2-11, he should refrain from
entering quotations relating to Maximum’s securities until such time as he
has familiarized himself with the rule and is certain that all of its
provisions have been met. If any broker or dealer enters any quotation that
is in violation of the rule, the Commission will consider the need for
prompt enforcement action.
If any broker-dealer or other person has any information that may relate to
this matter, they should immediately communicate it to Randall J. Fons,
Regional Director (303/844-1042, [email protected]), Donald M. Hoerl, Associate
Regional Director (303/844-1049, [email protected]), or Amy J. Norwood,
Assistant Regional Director (303/844-1029, [email protected]), at the Central
Regional Office of the Securities and Exchange Commission.