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Microcap & Penny Stocks : STOCK OF THE DAY -- Ignore unavailable to you. Want to Upgrade?

To: CO who wrote (2785)	12/11/1997 9:22:00 AM
From: (Bob) Zumbrunnen	Read Replies (2) \| Respond to of 2874

Thanks for that post, Cheryl. I spent more than 2 hours last night searching for anything pertaining to the issue and came up empty-handed outside of an editorial on Motley Fool, which referenced a WSJ article I'd read earlier about recent scandals in BB stocks (though I don't recall the article mentioning the NASD changes). The article you posted was also quoted in another SI message, but the poster forgot to post the source. Thanks for doing so. Personally, I always look at the financials of a company before investing in them, or, at the very least, make sure current financials have been filed. My only exception being ARET, which is located locally and I was able to confirm they're not an empty shell. Many don't, though, as many investors don't have internet access, making it take more effort to check on financials. I'm convinced many who do have the access also don't do that much DD. I applaud Zarb's move and hope it becomes reality. Many of the scams perpetrated on investors come from companies who will eventually be moved to pink sheets under the new guidelines. That won't stop them from trading, by a long shot, but it should weed out a lot of illegitimate companies as well as whacking legitimate companies into taking financial reporting more seriously. Does anyone know how you can check on a company to see whether it's BB or PS? I know BB companies, by definition, can be found through quote services such as DBC, but is this also true of PS companies? I did a lot of searching last night for information on Pink Sheets, including listings of companies that trade on them, but came up completely empty-handed. Perhaps this is a search better conducted in a library than on the internet? I know they're published by National Quotations Bureau on a daily basis (in hard-copy format) but am wondering if they're also published in an electronic format.... "Bacon Butt"? Interesting name....