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.

Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Ellen who wrote (25433)	12/9/1997 11:37:00 PM
From: Cavewoman	Read Replies (2) \| Respond to of 55532

Ellen, I heard on CNBC tonight that IF, and that's a big IF, the NASD decides to delist 3400 companies because they don't file, etc. that the Nestle Company and Rand McNally will come under the ruling. Interesting, HUH? Ginger

To: Ellen who wrote (25433)	12/9/1997 11:45:00 PM
From: michael d kugler	Read Replies (2) \| Respond to of 55532

These could be some welcome changes to the way BB companies behave, and their stocks are traded. Previously, the marketmakers needed to file only one 15C2-11, when they first became a marketmaker. But they could use the same old form to continue, even if the company hadn't reported lately. The new rules appear to place the burden of timely and accurate financials squarely on the back of the marketmaker. But most companies, if they want to retain any liquidity for their stock, will be forced to issue timely financials. And even if the vote was for adoption on Thursday, it will take some time to implement. And while not saying you should be selling any BB stock, it would appear that companies in non-compliance could give their investors severe liquidity problems, if only a few will risk making a market (read: mile wide spreads). This announcement represents ample warning to investors in potentially affected issues.