Posted by msonline1 on 7th of Jul 2009 at 02:02 pm
Tuesday, July 07, 2009 10:53:29 AM
United States Natural Gas Fund Discloses on July 7, issued
all remaining outsntaind units to authorized purchases until SEC
declares effective the registrateion statement on Form S-3
- Discloses 8-K filing dated 7/6: United States Natural Gas
Fund, LP (“UNG”) announced in a current report on Form 8-K that
only 32,100,000 of its units registered with the Securities and
Exchange Commission (the “SEC”) were available for purchase by
UNG’s Authorized Purchasers. As stated in its current prospectus,
UNG creates and redeems units in blocks of 100,000 units called
“Creation Baskets” and “Redemption Baskets,” respectively. Only
Authorized Purchasers may purchase or redeem Creation Baskets or
Redemption Baskets. - As of July 7, 2009, UNG issued all of the
remaining outstanding units to its Authorized Purchasers. As a
result of these issuances, UNG will temporarily suspend the
issuance of additional Creation Baskets until the SEC declares
effective the registration statement on Form S-3 (333-159772) which
was initially filed on June 5, 2009 and registers an additional
1,000,000,000 units. This registration statement is currently
subject to review and comment by the SEC, the Financial Regulatory
Industry Association (“FINRA”) and the National Futures
Association
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UNG Halted
Posted by msonline1 on 7th of Jul 2009 at 01:57 pm
No news, as why it would halt
UNG not moving
Posted by signal46 on 7th of Jul 2009 at 01:59 pm
May not have enough shares to go round
That's why
Posted by msonline1 on 7th of Jul 2009 at 02:02 pm
Tuesday, July 07, 2009 10:53:29 AM
United States Natural Gas Fund Discloses on July 7, issued all remaining outsntaind units to authorized purchases until SEC declares effective the registrateion statement on Form S-3
- Discloses 8-K filing dated 7/6: United States Natural Gas Fund, LP (“UNG”) announced in a current report on Form 8-K that only 32,100,000 of its units registered with the Securities and Exchange Commission (the “SEC”) were available for purchase by UNG’s Authorized Purchasers. As stated in its current prospectus, UNG creates and redeems units in blocks of 100,000 units called “Creation Baskets” and “Redemption Baskets,” respectively. Only Authorized Purchasers may purchase or redeem Creation Baskets or Redemption Baskets. - As of July 7, 2009, UNG issued all of the remaining outstanding units to its Authorized Purchasers. As a result of these issuances, UNG will temporarily suspend the issuance of additional Creation Baskets until the SEC declares effective the registration statement on Form S-3 (333-159772) which was initially filed on June 5, 2009 and registers an additional 1,000,000,000 units. This registration statement is currently subject to review and comment by the SEC, the Financial Regulatory Industry Association (“FINRA”) and the National Futures Association