E-Prime Aerospace (EPEA) Message Board

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Microcap & Penny Stocks : E-Prime Aerospace (EPEA)

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To: Aerospace Nut who wrote (377)	7/25/1998 1:06:00 AM
From: Jon Tara	Read Replies (1) of 680

Regarding responsibility to keep shareholders informed: many BB companies are "non-reporting" companies. This is currently allowed by NASDAQ, for BB only, but NASDAQ now has a timetable for phasing-out non-reporting companies. (Less than a year left, now.) They are also phasing-out stocks under $1 on the same timetable. So, within a year, EPEA will either be reporting and over $1 (most likely via a massive reverse-split) or will be trading on the pink sheets. I think this is a hugely positive development. While I'm not so sure I agree with the price rule, I agree heartily with the reporting rule. I'd take it further - I don't think that any company that doesn't want to report financial results to it's shareholders on a regular and timely baiss should be allowed to have it's stock traded - period. Not on the BB, not on the pink sheets, and not even on a private basis. Why anybody would buy such a pig in a poke in the first place is beyond me, but many are neophyte investors who should be protected my more responsible laws.

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