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Microcap & Penny Stocks : AGRS -AGRISTAR INC -- Ignore unavailable to you. Want to Upgrade?

To: LoanCat who wrote (588)	7/6/1999 12:08:00 PM
From: trendy	Respond to of 684

From : otcbb.com "All securities appended with an "E" are subject to delisting in 30 calendar days...." T

To: LoanCat who wrote (588)	7/6/1999 12:12:00 PM
From: vagabond	Read Replies (1) \| Respond to of 684

In brief (and as I understand it -- if I make any mistakes, I hope someone will correct me)... Being put on the "E" list changes the stock's trading symbol (by adding an "E" on the end), and means the company has 30 days to either become fully-reporting (file all the financial documents required by the SEC) or else it will be "de-listed" from the OTC.BB boards and moved onto the so-called "pink sheets" (and I should say that as of now, I myself do not know the procedure for trading "ponk-sheeted" stocks -- whether it can still be done on-line, or must be done through a broker, or what. I'm trying to find that out for my own information). By next year, ALL OTC stocks will have to meet the new SEC standards to be "listed" -- but the SEC is reviewing them in alphabetical order -- which means that stocks like AGRS are near the top-of-the-list, and their turn comes this week. Stocks that begin with "Z" (if there are any) have a lot more time to get their acts together -- they won't face the deadline until early next year... So the 64-dollar-question is: what happens if AGRS fails to meet the SEC's standards and DOES get "de-listed"? How would it be traded after that, and would de-listing automatically crash the stock even further or could it possibly still "recover" after that? Those are the things I don't know the answers to yet, and want to find out. ALSO: I'm not sure if the mere addition of the "E" to the existing symbol might cause problems in itself over the next 30 days -- if it's considered a "full symbol change" it MIGHT create problems trading the stock through certain brokers for at least a few days. You'd have to check with your own broker about that (with Schwab, a full-symbol-change usually means the stock can't be traded on-line until Schwab receives certain paperwork from the company -- during the interim it can still be traded by-phone (at Web prices), but any proceeds from a sale are "frozen" until all that paperwork is turned-over and Schwab makes the necessary internal changes in its accounts). A lot to think about, huh?... Vagabond