LDDI (Long Distance Direct Holdings, Inc.) Message Board

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Microcap & Penny Stocks : LDDI (Long Distance Direct Holdings, Inc.)

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To: Patentlawmeister who wrote (180)	10/30/1999 3:32:00 AM
From: Charles Broderick	Read Replies (1) of 216

A bit clearer!! Issuers of securities which began quotation on the OTCBB after Januray 4, 1999 are required to file periodic financial information with the SEC or other regulatory authority to maintain quotation eligibility. On January 4, 1999, the SEC approved the OTCBB Eligibility Rule. Securities not quoted on the OTCBB as of that date will be required to report their current financial information to the SEC, banking, or insurance regulators in order to meet eligibility requirements. Non-reporting companies whose securities were already quoted on the OTCBB will be granted a grace period to comply with the new requirements. Those companies will be phased in beginning in July 1999 and by June 2000, current financial information about all domestic companies that are quoted on the OTCBB will be publicly available. So being LDDI was listed before Jan. 4 they are exempt ???

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