Modern Technology Corp Labeled Caveat Emptor By Pink OTC Markets
May 15, 2009 (FinancialWire) - Modern Technology Corp (OTC: MODC), which describes itself as a “development, interim management and buyout firm specializing in the acquisition and operation of technology companies,” has had its quotes discontinued from display by Pink OTC Markets’ website at http://www.pinksheets.com .
According to Pink OTC Markets, Modern Technology’s quotes were removed because it has been labeled “caveat emptor (buyer beware” and because “adequate current information has not been made available by the issure of the securities.”
The site lists seven possible reasons for the caveat emptor labeling, but does not specify which reason or reasons were relevant in the MODC case. Those reasons are: questionable promotion, spam, investigation of fraud, suspension/halt, disruptive corporate actions, unsolicited quotes, other public interest concern.
An email to Modern Technology was not immediately answered.
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panies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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