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To: ~digs who wrote (10)	2/23/2008 1:01:12 PM
From: ACAN	Read Replies (2) \| Respond to of 67

[GSI] thanks to Thomas General Steel Holdings, Inc. To Trade under the Ticker GSI on NYSE Arca Effective March 6, 2008 Friday February 22, 10:00 am ET BEIJING, Feb. 22 /Xinhua-PRNewswire-FirstCall/ -- General Steel Holdings, Inc. ("General Steel"), (the "Company"), (Amex: GSI - News), one of China's leading non-state owned steel products producers; announced today that it has notified the American Stock Exchange (the "AMEX") that it intends to voluntarily delist its common stock from the AMEX and that the Company has received final approval to list its common stock on the NYSE Arca. General Steel anticipates that shares of its common stock will begin trading on the NYSE Arca on March 6, 2008 and will continue to trade under the ticker "GSI". "Moving to the NYSE Arca is a timely landmark for our company," said Henry Yu, Chairman and CEO of General Steel. "We expect that trading on the NYSE Arca will elevate our company's standing within the international business community, as well as our visibility among the investment community at large," Yu added. "We look forward to General Steel joining their growing base of listed companies," said John Chen, CFO of General Steel. "By choosing to list on the NYSE Arca, one of the world's most liquid equities market, General Steel and the company's shareholders will benefit from their global reach and brand leadership," added Chen. For the first nine months of 2007, General Steel's revenues increased over 420% to $504.2 million. Gross Profit increased 692% to $35.7 million with Gross Margins of 7.1% vs. 4.7% for the year ago period. Net Income was $10.4 million vs. $.52 million with EPS of $.33 vs. $.02. The Company plans to provide fourth quarter and full year 2007 financial results in March 2008, further details will be forthcoming. About General Steel Holdings, Inc. General Steel Holdings, Inc., headquartered in Beijing, operates a diverse portfolio of Chinese steel companies. With 3 million tons aggregate production capacity, its companies serve various industries and produce a variety of steel products including reinforced bar (rebar), hot-rolled carbon and silicon sheet and spiral-weld pipe. The Company has steel operations in Shaanxi province (central China), Inner Mongolia autonomous region (northwest China) and Tianjin municipality (northeast China).

To: ~digs who wrote (10)	2/23/2008 1:28:57 PM
From: ACAN	Respond to of 67

[SUTR] the bounce is in, and the stars look aligned. Sutor Announces Move to the Nasdaq Capital Market Monday February 11, 7:55 am ET CHANGSHU CITY, China, Feb. 11 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited ("Sutor" or "the Company"), a leading provider of steel finishing fabrication products in China, today announced that its common shares are set to begin trading today on the Nasdaq Capital Market under the ticker symbol "SUTR".

To: ~digs who wrote (10)	2/26/2008 1:05:52 PM
From: richardred	Read Replies (1) \| Respond to of 67

IMO I good topic I've not seen addressed at SI before. Although not in the header. I'm assuming OTCBB to OTC national listings will be part of graduating process? Although I very rarely invest in OTCBB & pinks. To me when a OCTBB moves up. It generally shows strength and the willingness to become a more realistic valuation play, attracting new investors. My new investor meaning, those who would normally shy away from investing in pinks & BB's . To me a reverse stock split by a OTCBB or PINK shows more willingness. However, IMO a case by case basis is still needed. Valuation comparison among the competition taking into account sales growth and earnings growth is, but one of many comparative measures. Stock options terms granted at o or market prices helps show the longer term motivation or commitment to shareholders. I do look at new exchange listing a measure. Especially OCT & Amex to the NYSE.

To: ~digs who wrote (10)	3/8/2008 9:03:56 AM
From: Glenn Petersen	Respond to of 67

Whether or not a SPAC is listed on AMEX or on the OTCBB has not made much of a difference on how they trade. The SPACs that have not announced a proposed transaction almost always trade at a slight discount to their liquidation value. Most of the companies that trade on the OTCBB immediately look to move up when they have completed a transaction. I never thought that I would see SPACS listed on the NYSE: NYSE Moves to Allow SPAC Listings NYSE Proposes Allowing SPAC Listings Beginning in April March 06, 2008: 05:55 PM EST NEW YORK (Associated Press) - The New York Stock Exchange proposed rule changes Thursday that would open its doors to so-called blank-check companies, also known as special-purpose acquisition companies. The NYSE, home to some of the largest and oldest publicly traded companies, is expected to allow these empty-shell companies, or SPACs, to list alongside such storied names as AT&T Inc. and General Electric Co. by next month. The NYSE is the second major U.S. exchange this year to change course toward allowing SPAC listings. In February, the Nasdaq Stock Market Inc. said it should receive SEC permission to do the same by the end of this month. SPACs, which raise money through initial public offerings to purchase operating businesses, had been reviled as sketchy offerings with a checkered past by most exchanges up until three years ago. That is when the American Stock Exchange began listing a revamped SPAC format with greater investor protections; since then, the number of deals and their value has grown swiftly, with nearly a quarter of all IPOs in 2007 structured as SPACs, according to data tracker Dealogic. Until about mid-2006, NYSE executives said they weren't interested in welcoming SPACs because they felt that the size and quality of the deals had no place at the exchange. But that attitude changed as the dollars raised by such IPOs grew, the management teams became more prominent _ think Dallas billionaire Thomas Hicks _ and major investment banks such as Citigroup Inc. and Deutsche Bank AG began underwriting the deals. "In 2007, as we started to see in particular mega transactions, it really piqued our interest," says Robin L. Weiss, head of investment banking services at NYSE Euronext, who oversees domestic IPOs and NYSE Arca listings, as well as structured products. In recent months, a few transactions have approached the billion-dollar mark. In order to list SPACs, the New York Stock Exchange on Thursday applied to the Securities and Exchange Commission to change its rules, which generally require IPOs to have a financial history spanning up to three years. Because SPACs don't have any operating business or money on their balance sheets until they go public, they couldn't meet the exchange's regular standards, and an exception needed to be made to accommodate them. The SEC rule approval process generally takes about a month. Last year, the Amex captured the bulk of new SPAC listings; 50 such companies raised a combined $10 billion there. In January, NYSE Euronext announced plans to buy the Amex, but officials at the Big Board, which had been weighing a rule change to allow SPAC listings for more than a year, continued to press ahead with their own plans. money.cnn.com