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Microcap & Penny Stocks : PLNI - Game Over
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From: Jeffrey S. Mitchell1/28/2006 10:09:46 AM
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From Pinksheets.com (italics as per the original):

While Pink Sheets does not have a requirement that the issuer continue to provide updated financial information to the Pink Sheets; federal securities law requires that adequate current information must be publicly available when an issuer's securities are traded in the OTC market under the following circumstances:

- At the time of initial quotation in public markets;

- At any time corporate insiders or other affiliates of the issuer are offering, buying or selling the issuer's securities in the OTC market;

- During any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market; or

- At the time securities initially sold in a private placement become freely tradeable in the OTC market. If any of the four above situations are occurring, issuers subject to Section 13 or 15(d) of the Securities Exchange Act of 1934 must be current in their reporting obligations to the SEC and we provide the Pink Sheets News Service for non-SEC reporting issuers to make their information publicly available. For more information on these services, please see Pink Sheets News Service.

pinksheets.com
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