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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Mama Bear who wrote (10215)6/26/1999 6:52:00 PM
From: peter michaelson  Read Replies (1) of 18998
 
Barb:

Would you mind doing me the convenience of sharing that url, or was it a private communication?

thanks...peter

"From Liz Heese, OTC BB Regs Deartment:

First, unlike the rules on NASDAQ fully listed companies, it is legal to short OTC BB stocks on the downtick ("downtick rule", which OTC BB's are exempt from)

Second, unlike the rules on NASDAQ fully listed companies, it is not mandatory to disclose the short position, only voluntary. Huge difference there.

Third, the Affirmative Determination rule is the problem with shorting these OTC BB Stocks in that you must demonstrate an ability to borrow these shares before selling these shares. Due to the illiquid-ness of these thinly traded stocks, this rule has been used by many brokerage houses to establish policies against shorting these OTC BB companies.

Again, it is not illegal to short these companies here in the US, it is just not as
common as shorting full NASDAQ listed stocks. "
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