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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: JP who wrote (6333)	12/9/1997 6:33:00 PM
From: JP	Read Replies (3) of 20681

To all: re: WSJ de-listing article today. How is it that no one has mentioned the article saying that the Nasdaq's parent board will vote Thursday to de-list 3,400 OTC Bulletin Board stocks (would Naxos be included)? The stocks listed "can't meet listing standards at markets like Nasdaq, or they don't want to file financial statements with the SEC." ".........since April, Frank Zarb, chairman of the Nat'l Assoc. of Securities Dealers, Nasdaq's parent, has been trying to find a way to clean up the loosely regulated OTC Bulletin Board, which is run by Nasdaq but which has almont no standards for the companies that list there." "Now, board members of Nasdaq's parent organization are expected to tentatively approve a proposal to kick companies off the OTC Bulletin Board if they don't file financial statements to SEC, banking or insurance regulators, according to people familiar with the proposal." The article goes on and on. If some one has a method of copying it to the thread, I'm certain others would appreciate it if they are unable to get today's WSJ. regards John Papas

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