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To: GARY P GROBBEL who wrote (71112)	1/30/2008 10:16:55 AM
From: GARY P GROBBEL	Read Replies (2) \| Respond to of 120417

SEYE.OB...I do not know this company but may be worth a look---vanity sells no matter what-- Signature Eyewear Reports Increase in Net Income and Net Sales in Fiscal 2007 Wednesday January 30, 9:30 am ET LOS ANGELES, Jan. 30, 2008 (PRIME NEWSWIRE) -- Signature Eyewear, Inc. (OTC BB:SEYE.OB - News) reported increases in its net income and net sales for the fourth quarter and year ended October 31, 2007. The Company has achieved 12 straight quarters and three straight years of profitability. Earnings per share increased to 40 cents per share (basic and fully diluted) in fiscal 2007 from 11 cents per share (basic) and 10 cents per share (fully diluted) in fiscal 2006. Net income was $1.7 million for the fourth quarter of fiscal 2007, compared to net income of $27,000 for the fourth quarter of fiscal 2006. Net sales were $6.4 million for the 2007 quarter, compared to net sales of $6.0 million for the 2006 quarter. Net income was $2.7 million for the year ended October 31, 2007, compared to net income of $683,000 for the year ended October 31, 2006. The principal component of the increase in net income in 2007 was a $1.6 million fourth quarter reduction in the valuation allowance on the Company's deferred tax assets, as compared to a reduction of $558,000 in 2006. The Company reduced the valuation allowance due to its sustained levels of profitability and management's best estimate of future utilization of the deferred tax assets. The deferred tax assets were generated as a result of net operating losses sustained prior to 2003. As of October 31, 2007, the Company had net operating loss carry-forwards for federal and state tax purposes of $15.2 million and $4.3 million respectively. Net sales increased 8% to $25.0 million for the year ended October 31, 2007, compared to $23.2 million for the year ended October 31, 2006. ``Our sales in 2007 were higher primarily due to an increase in sales of bebe eyes and Nicole Miller Eyewear. Sales also increased from the introduction of Cutter & Buck Eyewear in October 2006 and the launch of the Nicole Miller Luxury Collection in January 2007,'' noted Michael Prince, CEO of Signature Eyewear. ``We are extremely proud that our Nicole Miller Luxury Collection was voted the best new eyewear collection at Vision Expo West in September 2007. Both bebe Eyes and Nicole Miller Eyewear contributed to our international and domestic chain growth in 2007,'' Prince continued. During the quarter and year, the Company's general and administrative and selling expenses remained relatively constant. ``We continue to control our costs while increasing our sales and profits,'' said Prince. ``Our gross profit margin for the quarter and year declined slightly due to the higher concentration of lower margin international and chain sales and to increasing sales of lower margin sunwear to department stores.'' During fiscal 2007, the Company reduced its long-term debt $1.4 million from $6.5 million to $5.1 million. As a result principally of net income, the Company's shareholders' equity increased $2.9 million to $200,000 from a deficit of $2.7 million at October 31, 2006. Signature Eyewear is a leading designer and marketer of prescription eyeglass frames and sunglasses under internationally-recognized brand names, including bebe eyes, Cutter & Buck Eyewear, Dakota Smith Eyewear, Hart Schaffner Marx Eyewear, Hummer Eyegear, Laura Ashley Eyewear, Nicole Miller Eyewear and the soon to be introduced Carmen Marc Valvo Eyewear. Signature Eyewear's products are sold worldwide to opticians, optometrists and ophthalmologists and to major retail chains. For information about Signature Eyewear, visit the Company's web site at seye.com or call 310-330-2700.

To: GARY P GROBBEL who wrote (71112)	1/30/2008 10:43:53 AM
From: rrufff	Read Replies (2) \| Respond to of 120417

Hi Gary - thanks - this stuff is frustrating and I don't have time to do research today, but I think this is the one that covers OTC BB. <<6750. Minimum Quotation Size Requirements For OTC Equity Securities a. Every member firm that functions as a market maker in OTC Equity Securities by entering firm quotations into the OTC Bulletin Board Service (OTCBB) (or any other inter-dealer quotation system that permits quotation updates on a real-time basis) must honor those quotations for the minimum size defined in the table below. In this regard, it is the market maker's responsibility to determine the minimum size requirement applicable to its firm bid and/or offer in each of its registered securities (excluding OTC Equity Securities for which the OTCBB will not accept firm quotations). Depending on the price level of the bid or offer, a different minimum size can apply to each side of the market being quoted by the member firm in a given security. Price (Bid or Offer) Minimum Quote Size 0 -¬ .50* 5,000 0.51 -¬ 1.00 2,500 1.01 -¬ 10.00 500 10.01 -¬ 100.00 200 100.01 -¬ 200.00 100 200.01 -¬ 500.00 25 500.01 -¬ 1000.00 10 1000.01 -¬ 2500.00 5 ">2500.01 ¬ + 1 b. * The OTCBB can accept bids/offers expressed in fractions as small as 1/256 or in decimals up to six places. In applying the price test for minimum quotation size, any increment beyond an upper limit in the right hand column will trigger application of the minimum quote size for the next tier. For example, a bid (or offer) of $.505 must be firm for a size of 2,500 shares. c. For purposes of this Rule, the term "OTC Equity Security" means any equity security not classified as a "designated security" for purposes of the Rule 4630 and 4640 Series, or as an "eligible security," for purposes of the Rule 6400 Series. The term does not include "restricted securities," as defined by SEC Rule 144(a)(3) under the Securities Act of 1933, nor any securities designated in the PORTAL Market. [Adopted eff. Sept. 8, 1993.]>>

To: GARY P GROBBEL who wrote (71112)	1/30/2008 11:08:59 AM
From: Chris Forte	Read Replies (1) \| Respond to of 120417

Gary, I'm not an expert on the laws of the OTCBB. I don't know what the market makers are supposed to or not supposed to do. I've been trying to figure that out for years. But like you I know they don't do what they should do. All I know is how they act, and they certainly don't fulfill their obligations or responsibilities based on listed prices and lot sizes. It's ridiculous. Who has time to whine and cry to their broker every time they get screwed by one of these guys? I'd be on the phone all day, and they know that. It's as if the bid, ask, and lot size posted are just a suggestion. Sometimes what you see is what you get, sometimes it's not - it's whatever they want to do. After years of this I've come to the conclusion that the regulations are a sham rife with collusion, fraud, swindlers, and cheaters - and that's the nice things I have to say about it. I'm losing hope we'll ever have an Eliot Ness type character come to our rescue. youtube.com