To: Janice Shell who wrote (24860 ) 4/20/2000 12:29:00 AM From: wonk Respond to of 26163
...He goes on about Exciting Developments at Abracel as well... Looks to me like one last desperate pump. In - give or take 75 days - this stock, and many others delisted from the OTC-BB fall into a black hole. On June 3, 1999, the SEC granted an exemption from SEC Rule 15c2-11 for securities that were quoted on the Over-the-Counter Bulletin Board ("OTCBB") on or before January 4, 1999 that will no longer be eligible to be quoted on the OTCBB due to the phase-in implementation of NASD Rule 6530 (the Eligibility Rule). View the SEC's Letter of Approval in PDF format....The exemption granted by the SEC from Rule 15c2-11 will permit broker-dealers to publish or submit quotations in other quotation mediums, including the National Quotation Bureau?s Pink Sheets, for securities being removed from the OTCBB pursuant to NASD Rule 6530 subject to the following conditions: 1. A broker or dealer must have in its records information specified in paragraphs (a)(5)(i), (a)(5)(ii), and (a)(5)(viii) of Rule 15c2-11; 2.The security was quoted in the OTCBB from January 4, 1999 until the date of its removal3; 3.The NASD has appended the covered security?s symbol to indicate that it is not compliant with Rule 6530; and, 4.A broker or dealer must have published quotations in the covered security in the OTCBB on at least 12 business days during the preceding 30 calendar days, with no more than four consecutive business days without quotations. This exemption will expire when the implementation of the Eligibility Rule is complete.4 ... otcbb.com No quotes, no nuttin.... ww p.s. OT: Someone should point Hogger to the most recent filing for CYGX. It seems the SEC really didn't like their share swap.sec.gov