99-15246. Net Command Tech, Inc.; Order of Suspension of Trading

[Federal Register Volume 64, Number 114 (Tuesday, June 15, 1999)]
[Notices]
[Page 32074]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-15246]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 5000-1]


Net Command Tech, Inc.; Order of Suspension of Trading

June 11, 1999.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Net Command Tech, Inc. f/k/a Corsaire, Inc. (``NCT'') an Internet 
technology company whose common stock is being quoted in the over-the-
counter market, because of questions regarding the accuracy and 
adequacy of publicly available information disseminated by NCT and 
others to market makers of the stock of NCT, other broker dealers, and 
to investors concerning, among other things: (1) The purported 
acquisition by NCT of certain companies' assets and stock and the value 
of those assets and stock; (2) a $1.5 million line of credit 
purportedly secured by NCT from a European bank; (3) the revenue 
generated by an American company purportedly acquired by NCT; and (4) 
the business success and reputation of NCT's CEO and presient.
    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, on June 11, 
1999, through 11:59 p.m. EDT, on June 24, 1999.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-15246 Filed 6-11-99; 2:07 pm]
BILLING CODE 8010-01-M