To: Creede Bighorns who wrote (152) 4/15/2006 12:30:42 AM
From: SOROS Read Replies (2) of 156
This might help some with "pink" questions:
The Pink Sheets offer many advantages to companies that want to take the “first step” in the public markets:
* ease of entry,
* low costs and maintenance,
* relaxed regulation,
* access to investors,
* and companies do not have to report to the SEC or any other regulatory body.
There are over 4,000 small-cap securities currently listed on the Pink Sheets. These companies account for over $550 million of daily trading activity. And the number of companies who are moving from the OTCBB (Over The Counter Bulletin Board) exchange to the Pink Sheets due to the regulatory issues, such as the Sorbanes Oxley Act, is increasing daily. These stricter financial reporting rules impose a financial burden on small and medium sized companies if they stay on the main exchanges.
And it’s not only the small companies that are moving to the Pink Sheets. More and more businesses with decent prospects have migrated there. In fact, some of the best-known companies in the world trade on the US Pink Sheets: Heineken, Nestlé, Nintendo, Rolls Royce, Volkswagen, BAA Plc, BAE Systems, Cathay Pacific Airways, Liberty International, Peugeot, L'Oreal, Marks & Spencer and Neorx Corp are just a few.
GB-ND
c |
