ACII - AmeriChip International, Inc Message Board

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Technology Stocks : ACII - AmeriChip International, Inc

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From: looking&searching	4/14/2008 4:03:33 PM
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Noticed this post over on Raging Bull Does this apply to ACII? saw it as an editorial at ipodesktop.com and also received an email (The poster didn't know if it is a general comment regarding otcbb & pink sheet companies, or a specific comment. Most likely is a general comment) EDITORIAL . Most professional money managers who manage other people’s money simply will not even consider buying a small OTCBB or pink sheet company that is not NASDAQ & Sarbanes-Oxley compliant . The intent of Sarbanes-Oxley & NASDAQ corporate governance compliance is to minimize Enron-type situations where shareholders are harmed NASDAQ corporate governance requirements address: . Independent Directors, Audit Committees . Conflicts of Interest, Code of Conduct . Shareholder Approval, Shareholder Meetings . Stockholder Voting Rights, Quorum . Solicitation of Proxies, Distribution of Annual and Interim Reports Sarbanes-Oxley violations & penalties include . Improperly constituted board of directors -- nullifies prior board decisions . Improperly certified 10K’s and 10Q’s, especially with regard to financial control assertions, loans to officers & directors and other assertions . S-O violations can and do result in actual prison terms & fines.

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