TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: M0NEYMADE who wrote (128925)	2/25/2004 6:24:53 PM
From: Arcane Lore	Read Replies (1) of 150070

So,,,the question becomes "WILL YOUR SUBPENNY STOCKS BECOME .01??????????????????" -MONEYMADE Barring a change in the final version of Regulation NMS, the answer appears to be no. I also suspect, but don't know for a fact, that BB and Pink Sheet stocks will not be considered "national market system stocks" and hence not subject to Reg. NMS. The following is taken from the SEC summary of Regulation NMS: [...] Sub-Penny Pricing Regulation NMS would ban sub-penny quoting in most stocks. Specifically, it would prohibit market participants from accepting, ranking, or displaying orders, quotes, or indications of interest in a pricing increment finer than a penny in national market system stocks, other than those with a share price below $1.00. This proposal is intended to prevent sub-penny pricing from being used by some market participants to "step-ahead" of customer limit orders for an economically insignificant amount. This "sub-pennying" could, over time, discourage investors from placing limit orders, which are an important source of market liquidity. [...] sec.gov

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