U.S. Securities and Exchange Commission
Securities Exchange Act of 1934
Release No. 48402 / August 25, 2003
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 TAMARAK, INC. ("Tamarak") (stock symbol TAMK), of Van Nuys, California. The suspension will commence at 9:30 a.m. EDST on Monday, August 25, 2003 and terminate at 11:59 p.m. EDST on Monday, September 8, 2003.
The Commission temporarily suspended trading in the securities of Tamarak because of questions that have been raised about the accuracy and adequacy of assertions in press releases by Tamarak, concerning, among other things: 1) Tamarak's plans and financial ability to produce and distribute a television mini-series and movie; 2) Tamarak's projected profits; 3) the purported support by the U.S. Air Force for Tamarak's film projects; and 4) purported discussions between Tamarak and major television and film studios.
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. 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 rather he should 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 Tamarak'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 or dealer or other person has any information that may relate to this matter, he should immediately communicate it to Spencer C. Barasch of the Fort Worth District Office of the Securities and Exchange Commission at (817) 978-6425.