(CANN.PK) "Unregistered common stock" is a red fla

(CANN.PK) "Unregistered common stock" is a red flag that impels the regulators to take a deeper look.

Suspension of trading (CANN.PK)
Mar 27, 2014

Before the SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934

Release No. 71814 / March 27, 2014

The Securities and Exchange Commission ("Commission") announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 ("Exchange Act"), of trading in the securities of Advanced Cannabis Solutions, Inc. ("Advanced Cannabis") of Colorado springs, Colorado, at 9:30 a.m. EDT on March 27, 2014, and terminating at 11:59 p.m. EDT on April 9, 2014.

The Commission temporarily suspended trading in the securities of Advanced Cannabis due to a lack of current and accurate information concerning the securities of Advanced Cannabis. There are questions regarding whether certain undisclosed affiliates and shareholders of Advanced Cannabis common stock engaged in an unlawful public distribution of securities. Advanced Cannabis common stock is dually-quoted on the OTC Bulletin Board and OTC Link. This order  was entered pursuant to Section 12(k) of the Exchange Act.

The Commission cautions brokers, 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.