SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : E-Prime Aerospace (EPEA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cosmo Daisey who wrote (383)7/25/1998 1:14:00 PM
From: Jon Tara   of 680
 
Cosmo, I stand by my previous statement.

NASDAQ has set a deadline by which all BB companies must become reporting companies, and have share prices above $1.

The deadline was set at 1 year, and was set a couple of months ago.

There really aren't any listed companies (Small Cap and National Market) that aren't complying with the rules of reporting. NASDAQ automatically adds an "E" to the symbol after a date has been missed by so many days, and then delists the company after so many more days. There is opportunity for response, etc. but basically a stock can't trade for much more than a couple of months if they miss a report, and even then they'd have better have filed for an extension.

Yes, NASDAQ *has* recently implemented tighter restrictions on National Market and Small Cap stocks. These changes for BB listing are in addition to that. The National market and Small Cap rules are now in place - the BB's still have a bit less than a year to come into compliance.

The world of penny stocks as we know it is going to be radically altered within a year. I suppose the distasteful results will be "electronic pink sheets" run by independent organizations, that might allow these stocks to continue to trade without falling into the obscurity of the pink sheets. Just a speculation on my part - and I hope that if that happens, the SEC steps in with rules to stop it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News