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We
will be providing daily OTC market analysis for
all trading shares and for the "pink sheet" companies
(www.thehotpinks.com).
This site is updated at the close of the market after 4:30 p.m. PST. All
symbols appended with an "E" will be ineligible for quotation on the OTCBB in 30 calendar days pursuant to Rule
6530
Playing
by the new rules
On January 7, 1999,
the National Association of Securities Dealers, Inc. (NASD®) announced
that the Securities and Exchange Commission (SEC) had approved the
NASD's new OTC Bulletin Board Eligibility Rule. This rule permits
only those companies that report their current financial information
to the SEC, banking, or insurance regulators to be quoted on the OTC
Bulletin Board® (OTCBB), offering investors more and better information
about OTCBB stocks.
Under the new rule, Market Makers will not be permitted to quote OTCBB-traded
securities unless the issuer has filed periodic reports with the appropriate
regulatory agency.
The new requirements apply to a company first quoted on the OTCBB
after January 4, 1999. All other securities will have until at least
July 1999 to comply with the new requirements. The rule will be phased
in over a 12 month period beginning in July 1999 and continuing through
June 2000 in alphabetical increments based upon the company's name
as of January 4, 1999. In June, 2000, the rule will apply to all companies
on the OTCBB.
What is the OTC Bulletin
Board?
The OTC Bulletin Board
is a quotation service that displays real-time quotes, last-sale prices,
and volume information in domestic and certain foreign securities.
Eligible securities include national, regional, and foreign equity
issues. It also quotes warrants, units, and American Depositary Receipts
(ADRs) not listed on any other U.S. national securities market or
exchange.
Although the OTCBB is operated by the NASD, it is unlike the Nasdaq
Stock Market® or other listed markets where individual companies apply
for listing and must meet and maintain strict listing standards. Individual
brokerage firms, or Market Makers initiate quotations for specific
securities on the OTCBB. As of December 31, 1998, there were 6,636
total securities quoted on the OTCBB. Of these, we have some contact
information (an address and /or telephone number) for 4,869.
See our "Corporate Profile" section in the directory on
your left. We are constantly updating our corporate profile information
and receive new information daily from viewers and corporations. If
you have additional or newer information, please fill out attached
form
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