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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: jhild who wrote (4643)10/14/1999 1:02:00 PM
From: Walter Morton  Read Replies (2) of 5541
 
Will it come to this:

Question

What happens to an issuer when it is removed from the OTCBB for failure to comply with Eligibility Rule requirements? How can it get back on the OTCBB?

Answer

The SEC has granted an exemption from SEC Rule 15c2-11 for securities that were quoted on the OTCBB on or before January 4, 1999 that will no longer be eligible to be quoted on the OTCBB due to the phase-in implementation. The exemption will permit broker-dealers to publish or submit quotations in other quotation mediums, including the National Quotation Bureau's Pink Sheets, subject to certain conditions.

When an issuer is removed from the OTCBB and subsequently comes into compliance with the Eligibility Rule, it can come back onto the OTCBB after a Market Maker submits a Form 211 to the OTC Compliance Unit of NASD Regulation and the OTC Compliance Unit has cleared that issuer for quotation.

otcbb.com


Is it MVEE's goal to merely become a filing company or to also remain listed on the OTCBB?
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