Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : UAI - Unistar - BB reverse merger that moved to AMEX -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (88)	8/8/1999 12:17:00 AM
From: Q.	Read Replies (1) \| Respond to of 133

IS, that article in the Florida newspaper certainly painted an ugly picture of Sparks and UAI. I'm not sure if the SEC ever imposes permanent trading halts on stocks. I'm more familiar with temporary 2-week halts.

To: RockyBalboa who wrote (88)	8/8/1999 1:09:00 AM
From: Q.	Read Replies (1) \| Respond to of 133

here's a reason lousy companies may be showing up on AMEX now: I read an article in the NY Times about two weeks ago that said when the NASD bought AMEX, the NASD promised they would come up with a large number of new companies listed on AMEX, but has not come close to meeting these goals, and is under pressure to come up with more. I don't remember the numbers, but they might have been something like 200 new listings as the goal and only 60 actually delivered. If you think about it, where would AMEX come up with over 100 new companies? Unless they are IPO's, they would have to come from another exchange, and bulletin-board stocks are the most obvious source. So I would guess AMEX must have its analysts scouring the BB's for stocks with sufficient market cap and net tangible assets to get listed, and then contacting the companies to try to convince them to list with AMEX. That would explain junk like UAI showing up on AMEX.