BBX explained another way. From the other BBX thread:
In 2003, a new market, the Bulletin Board ExchangeSM (BBXSM), will be launched. The BBX will eventually take the place of the OTC Bulletin Board ® (OTCBB), which will be phased out. The BBX will appeal to many of the same companies that are currently quoted on the OTCBB, but will be a higher quality market.
BBX market makers will be required to report their short interest on a monthly basis, as market makers in Nasdaq National Market ® (NNM®) and SmallCap stocks do today.
The BBX will have qualitative listing standards, but no minimum share price, income, or asset requirements. In addition, the BBX will have an electronic trading system to allow order negotiation and automatic execution. This is a major improvement over the current OTCBB system, where market participants must execute customer orders using the telephone. The BBX’s new system will bring increased speed and reliability to trade executions, as well as improve the overall transparency of the marketplace.
Companies trading on the BBX will be differentiated from those trading over-the-counter. All BBX issue symbols will begin with the letters “XB,” and, unlike in the current OTCBB, issuers will be able to choose their own three-letter trading symbol to follow the two-letter prefix (e.g., XBAAA).
The BBX will offer a significant improvement over the OTCBB for qualifying small companies by increasing liquidity in the market for their securities, augmenting the opportunity to raise equity capital, and conferring the recognition of trading on a listed market.
bbxchange.com
For now this board will be used for new updates on the BBX.
Here is the chance for you to see how good your BBX penny picks
Really are.
"GURUs" could be made or broken here.
Place your pick minutes before the opening of the
stock market, that is 9:29:59 am Eastern time USA.
Each SI member is limited to 3 picks per day. GTC picks are
allowed but expire at the end of each month. It's up to you
to get your picks to me, they will not automatically be rolled
over into the next Challenge.
Only BBX stocks are to be in the challenge, no pinks,
and to win your pick must trade at least $25 in
volume that day.
The top winners will be posted on the thread after the market
close. The judges decision is usually final. (we all make
mistakes......right?)
Remember this is for fun and is a learning tool for us.
Feel free to comment. All posts are welcome. |
