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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: SSP who wrote (52909)6/28/2000 5:02:00 PM
From: Qone0   of 150070
 
Time to rebuild my data base. Its going to be MUCH smaller now.

The OTCBB Eligibility Rule Phase-in began on July 1, 1999 and is complete as of June 22, 2000. During the past year, the staff reviewed every company whose securities were quoted on the OTCBB for compliance with the new filing requirements.

5,601 issuers were reviewed
2,414 were eligible for continued quotation (43%)
3,187 were not eligible for continued quotation and were removed from the OTCBB (57%)
205 (as of 6/26/2000) of the 3,187 ineligible issuers subsequently met the Eligibility Rule requirements and are now quoted on the OTCBB again. (3.7%)
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