Shopping.com Stock to Resume Trading
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Corona del Mar, CA-based Shopping.com (IBUY) announced the resumption of trading in its stock after a temporary 10-day trading suspension by the Securities and Exchange Commission.
The restriction, which began March 24, was initiated "due to a lack of current and accurate information regarding the securities of Shopping.com related to market activity in the stock that may have been the result of manipulative trading conduct," the company said.
At the same time, the company launched a new version of its Web site, selling everything from automotive parts and accessories to books, office supplies and music CDs .
The company said the NASDAQ is currently processing Shopping.com's information allowing for the resumption of published quotations on the OTC Bulletin Board, which could take up to five days. No details were provided on the trading suspension.
In addition, a new enhanced music CD department was implemented, allowing customers to find information on a musician's history, locate a rating system for the music, and in many cases, listen to a sound bite of the song.