BANY: Core business growth, exciting affiliations! Message Board

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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

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To: steve who wrote (5484)	8/6/1999 12:49:00 AM
From: steve	of 5847

The letter E Status of Companies Required to Comply with the Eligibility Rule on July 1st The process of implementing the OTC Bulletin Board Eligibility Rule has begun. The status of the first group of companies, whose trading symbols begin with "A" through "AD", will be evaluated as of the close of business on July 1, 1999. Securities of OTC Bulletin Board© (OTCBB) companies that do not meet the Eligibility Rule requirements at that time will no longer be eligible for quotation on the OTCBB. In order to assist market makers in fulfilling their responsibility to provide evidence of compliance to the National Association of Securities Dealers, Inc. (NASD©) if they wish to continue to quote a security, an initial evaluation was conducted on June 1st for the aforementioned companies and the trading symbols of those securities whose issuers were not deemed compliant with the Rule were appended with an "E". These symbol changes were published on the June 1, 1999 Daily List. Once the NASD receives notification that an issuer complies with the filing requirement, the fifth character identifier "E" will be removed. If the issuer is not compliant with the filing requirement and/or the NASD has not received notification to this effect, prior to July 1st, the issuer?s securities will no longer be eligible for quotation on the OTCBB. Deletions will appear on the July 2nd Daily List (available on this Web site) and their removal will be effective at market-open on Friday, July 2nd. Market Makers will have to file a new Form 211 to begin quoting these issuers, when the issuer becomes compliant with the Eligibility Rule. For a complete list of issuers in the July Phase-in Group and their Eligibility Status, please check page 4 of the OTC Bulletin Board Update Newsletter (pdf file). otcbb.com steve

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