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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Master (Hijacked) who wrote (3119)	12/10/1997 1:33:00 AM
From: Ed Hoftell	Respond to of 8835

And the MMs will be stuck with the millions of shares in their stockpiles? ---------Get real!

To: Master (Hijacked) who wrote (3119)	12/10/1997 1:37:00 AM
From: Jamey	Read Replies (1) \| Respond to of 8835

DUMP BB Stocks? Better read this first. It was a bad day for most of the micro cap stocks after CNBC and the other financial networks carried a story about NASD and the SEC wanting to delist 3400 bulletin board companies. Except for a few issues, most of the stocks were down. While that story makes a good headline, it is pretty far from reality. While the networks made it sound like this will happen in the next few days the reality is that companies who are non-reporting will have time to become a reporting company on the OTC Bulletin Board. I have heard estimates of anywhere from 3 to 12 months as the time frame for compliance. This will not boot all 3400 companies off the OTC Bulletin Board, just the ones who can not comply with NASDAQ filing requirements. As long as companies are given sufficient time to complete audits and the other necessary filing requirements, this will be a very good step for both investors and the companies. Of the companies we follow, all are either fully reporting or plan to be in the first quarter of 1998. While this is a very important matter, I think the media scared the public instead of informing them. I know I had a ton of phone calls and over 100 e-mails today asking for clarification. There was no real news on any stocks we follow but I did find it interesting that with all of the gloom in the market several stocks hung in rather well. "From our friend, MS. Jim