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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (4093)	7/11/2000 3:07:52 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 4231

(NASD OTC BB) On: implications of the "E" "(NASD OTC BB:NKCIF "E" designation ref/ "...The new Eligibility Rule was effective immediately for securities not quoted on the OTCBB on January 4, 1999. Issuers whose securities were quoted on the OTCBB as of January 4, 1999 and have continued to be quoted will be required to comply with the Eligibility Rule according to a phase-in schedule starting in July 1999 and continuing through June 2000. The delayed effectiveness of the Rule is designed to enable broker-dealers, investors, and issuers to take appropriate action. The Eligibility Rule provides that, in order for a security to continue being quoted on the OTCBB, the issuer must be required to make periodic filings with the SEC, or with banking or insurance regulators, and be current with those filings. The NASD will affix a modifier "E" on the security symbol of any securities issuer that does not meet the requirements of the Eligibility Rule. The addition of the modifier will be publicly reported on the OTCBB Daily List, which is available on the OTCBB Web site at www.otcbb.com. The "E" also will be evident to the quoting broker-dealers when they access the security on the Nasdaq Workstation. Once an issuer is deemed not to be in compliance with the Eligibility Rule, the security may continue to be quoted on the OTCBB for a 30 or 60 calendar day grace period from the date that the "E" modifier was appended on the security symbol, depending on the type of issuer.2 After the grace period, quotations in non-compliant securities will not be permitted on the OTCBB, and member firms will be prohibited from quoting the issuer’s security on the OTCBB. The NASD announced approval of the OTCBB Eligibility Rule in Notice to Members 99-15..." Source: otcbb.com ...