posted
I won't give it a rest Trade, I am trying to figure out what is happening to my investment. Just want some idea as to what people think that the link means.
quote:Originally posted by trade04: doniboy give it a rest, it doesnt say security deletions it says additions
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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Thats what I think Rich. Delisted from OTC listed as pink.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
I am viewing it as a "wash" the systom isn't real sure how to "read this" It's been suspended and the systom seems to want to read it as delisted, YET the same day is shows symbol as added...either way? still in limbo...
quote:Originally posted by Doniboy: I won't give it a rest Trade, I am trying to figure out what is happening to my investment. Just want some idea as to what people think that the link means.
quote:Originally posted by trade04: doniboy give it a rest, it doesnt say security deletions it says additions
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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lol this better get str8tened out soon. im sure many longs are still sleeping (no reason to get up) when they wake up they gonna be pissed again...this stock is a rolelr coaster of information
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
What is Rule 15c2-11? SEC Rule 15c2-11 was designed to allow non-reporting public company's securities to be quoted on the National Association of Securities Dealers' ("NASD") Over-the-Counter Bulletin Board ("OTCBB") by filing some simple disclosures.
Now, companies seeking to obtain a quote on the NASD OTCBB must be required to file reports with the Securities and Exchange Commission ("SEC"). Under Section 15 of the Securities Exchange Act of 1934 (the "Act"), as amended, a company who has filed a registered offering with the SEC, such as an SB-1 or SB-2 registration statement is required to file reports for one year. A company which files a Form 10 or Form 10SB (for small business issuers) becomes a reporting company under Section 12g of the Act and must file reports. To be eligible for a quotation of its securities, the company's market maker must file a Form 211 with the NASD, the company must have sufficient free trading stock in its public float to allow Rule 15c2-11.
The stated and un-stated listing requirements for the NASD OTC-BB are as follows:
fully reporting with the U.S. Securities and Exchange Commission, minimum of 40 stockholders of record holding at least 100 shares each (note: this number is informal and has been moving up), must have a market maker submit 15c2-11 (Form 211) application to NASD and agree to act as market maker for securities of company. If you need assistance in having a Form 211 filed with the NASD so that your company can trade on the OTCBB, we can help prepare that paperwork and introduce you to a market maker. Contact us for more information.
Posts: 386 | From: Plano, TX | Registered: Oct 2006
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quote:Originally posted by St. Matthew: it's time to drink several beers and watch the Cowboy's linebackers bury their helmets into the Carolina RB's and WR's chest. The 'Boys are in Carolina and I'm sure Tony Romo will get his head ripped off...LOL.
Maybe next time Matt...
I don't know what the final was, but the last time I looked, The Cowboys were playen the Football equivalant to Tiger Baseball.... Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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posted
No 10of13 the two lists are two exchanges... OTCBB and Other-OTC. We just got delisted from the prefered OTCBB and added to the Other-OTC. I just do not know how they could have done that this morning without a ruling on the investigation.
I hope Rufus's mouth on the radio or this weekend didn't force a judement on his Complaint.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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that's what i got from it richby26. isn't this permature, i mean, doing this before the judge issues his ruling on 11/7? how can they get away with this? this isn't the sec doing this either!!
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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Seeing that now... What does this mean? ** indicates NSCC Eligible Security (National Securities Clearing Corporation)
quote:Originally posted by TaxBack04: No 10of13 the two lists are two exchanges... OTCBB and Other-OTC. We just got delisted from the prefered OTCBB and added to the Other-OTC. I just do not know how they could have done that this morning without a ruling on the investigation.
I hope Rufus's mouth on the radio or this weekend didn't force a judement on his Complaint.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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I'm not sure if this is good or bad. The positive in this is that it looks like we may start trading again. The bad news is we moved down the exchange pole instead of up... If we do open on the pinks there will more than likely be a huge selloff, unless we get positive news from the company. On the other hand, it might be necessary for us just to open on whatever exchange will accept us, then move up to the NASD or AMEX with the proper Market Maker support. But, at this point it's all just speculation. I think I'll schedule a round of golf to take my mind off this for awhile
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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A security cannot trade with MM quotes after a suspension until the MMs file the 211. None have filed that yet, no worries. The OTCBB doesn't know what is going on, they are just showing that the symbol is in limbo.
quote:Originally posted by TaxBack04: No 10of13 the two lists are two exchanges... OTCBB and Other-OTC. We just got delisted from the prefered OTCBB and added to the Other-OTC. I just do not know how they could have done that this morning without a ruling on the investigation.
I hope Rufus's mouth on the radio or this weekend didn't force a judement on his Complaint.
Lets hope that is not the case, but that is definitley a possibility...
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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I am getting really ticked off at the crap some of these supposed watch-dog, regulating bodies are pulling. they had better hope I don't make a mint on this stock I may sue them all myself, including the Post for the slanderous peudo-journalism.
Backing away from the computer... counting to 10... one... two... (*&%$#**)three...
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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this is standard procedure they have been deleted from otcbb to pinksheets until the case is over point blank. If we win all this will change.
Posts: 82 | Registered: Oct 2006
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A huge sell-off would indicate that someone, somewhere is buying. If this thing, which is under investigation by the SEC, the subject of a NY Post article calling it a scam, and recently delisted from the OTCBB to the pinks ever opens agian the initial Bid and Ask could be in the pennies.
Not tryong to bring doom and gloom people, just worried.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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yes just think about it how many companies beat the SEC. Usually they are right but we are an exception to the rule. If people sell thewy will lose out thats them doesn't worry me at all.
Posts: 82 | Registered: Oct 2006
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Symbol deletion as of today on the OTCBB, according to John Gannon of the NASD (202-728-6964). No listing on the pink sheets. In fact it is more than likely the brokerage company that originally requested the company be listed on the OTCBB through the 15c2-11, is unwilling to assume anymore risk until the problem is resolved and has delisted the company -- according to Gannon.
That means that possibly the brokerage house that RPH originally enticed is not quite as sure now.
Posts: 77 | Registered: Oct 2006
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Maybe somehow the MM's are trying to force this to re-open now that they got all the negitive press on their side so they can buy all the selloff shares they can at pennys to the dollar.
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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Doni...the newyork post article? Although not a good article...the NYP..is not a reliable source of INFO...not much more credit should be given to it than if you were to read our street...IMO
Tax...gonna agree with some of the other posters...and when and if this is done in court, we will have to get an MM to file the forms (submit 15c2-11 (Form 211)) This is still not alot different than where we were last week...
Not sure how long it will take for an MM to submit and wait for the paperwork to be "OK'd" for trading...but I am pretty sure it will be a while...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Ok, but my question is why would they delist us when our case still has not recieved a verdict? Why not just leave us as halted on the OTCBB?? If they rule in favor of the SEC we never trade again, if they rule in favor of us we re-open on the same exchange or better. This is how I understood or situation, please correct me if I'm wrong...
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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Maybe a decision has been made Rich. Maybe they had made the decision before Rufus ever came into court and the rest is just going through the motions.
I will agree with this though. We would be better off not going to the pinks at all. Better to fight for the OTC. If we hit the pinks we are in trouble. I'd rather wait a year for a court battle than to watch the price go to .0001 on the pinks.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
Also, unfortunately no matter what rep the NYP has, the reporter did a balanced approach in contacting the SEC, Guiliani's staff, Lehman Brothers and the company. All but the company responded. Why would the company chose not to speak to the media in response to the charges?
Posts: 77 | Registered: Oct 2006
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Its possible some MMs have already filed and its currently in the system, i think thats where 10 was leading? Its also very possible no MM is willing to touch this thing right now.
Anyway, good morning all. Crumpled up here at home with respiratory flu....YAY!
Welcome back Repo, im sure you were missed. Posts: 2308 | From: Michigan | Registered: Jun 2006
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