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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: OLD JAKE JUSTUS who wrote (2674)	7/7/1999 9:12:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

Thanks for that Jake. A great link, and finally we see some time lines for the electronic pinks. I'm reprinting some of what's there: ---------------- In response to the "de-listing" of several thousand OTC Bulletin Board® companies, the National Quotation Bureau is going real-time with the introduction of the Electronic Pink Sheets. All securities quoted in the Pink Sheets and the Yellow Sheets will automatically be quoted on the Electronic Quotation Service. Access to the service will be available on a subscription basis. While we had hoped for an earlier introduction date through third party vendors, NQB has built our own user applications and is currently completing internal stress testing. In order to deliver a quality solution, NQB is introducing the service in phases. The largest Pink Sheets market makers will be participating in the final phase of testing to assure that the service can withstand the demands of a real-world trading environment. The implementation schedule is as follows: Week of July 6-9 - Demonstrations for large market makers. Week of July 12-16 - Beta Testing with one large market maker. Week of July 19-23 - Rollout to 5 largest market makers for more testing. Week of July 26-30 - Rollout to next 5 largest market makers. Friday, July 30 - General availability. SEC ISSUES EXEMPTION FOR OTCBB SECURITIES The Securities and Exchange Commission has issued an exemption for the vast majority of de-listed securities to move to the Pink Sheets. Find out more at www.otcbb.com/news/EligibilityRule/211exemption.stm INFORMATION IN REAL-TIME The Electronic Pink Sheets, exclusively from the NQB, brings real-time pricing, leading-edge technology, and increased competition and price transparency to the OTC markets. It's a better place for OTC Market Makers, OTC Traders, OTC Issuers and OTC Investors. Using leading-edge technology, the Electronic Pink Sheets are designed to help Market Makers make markets. For complete information visit the PRODUCTS section.