DD Central on ECNC (formerly BETT) Message Board

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Microcap & Penny Stocks : DD Central on ECNC (formerly BETT)

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To: Jorjenzak who wrote ()	5/28/1999 3:00:00 AM
From: DaiTN	of 266

To: Dan Meckenstock (784 ) From: Dan Meckenstock Thursday, Jan 7 1999 1:41PM ET Reply # of 2338 More on the NASD rule ... Under the new rule, any domestic company that does not file periodic financial reports with the SEC, or with banking or insurance regulators, will be eliminated from the OTCBB after a phase-in period. In April 1998, the SEC required all foreign securities on the OTCBB to be fully registered with the SEC in order to remain quoted. The new requirement applies immediately to any company first quoted on the OTCBB after January 4, 1999. Securities already quoted on the OTCBB as of January 4, 1999, will have until at least July 1999 to comply with the new requirements. The rule will be phased in over a 12 month period beginning in July 1999 and continuing through June 2000 in alphabetical increments based upon the company's name as of January 4, 1999. In June 2000, the rule will apply to all companies on the OTCBB. The filing requirement also means that these companies are subject to greater regulatory oversight by the SEC and other regulatory authorities. biz.yahoo.com

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