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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (6548)	4/2/1998 2:39:00 PM
From: Paul R Hnott	Read Replies (1) \| Respond to of 11708

Can someone PLEASE explain this to me. I must be a little dense. 'They're worried about the integrity of the Bulletin Board system,'' Cawley says. But she says the new rule will place a huge burden on small companies such as Coconino, which may have to pay $25,000 or more to hire the legal and accounting expertise necessary to make sure its financial reports meet SEC requirements. ''We were headed in that direction [toward becoming a fully reporting company] anyway,'' she says. ''Still, we are going to be facing an ongoing financial burden because the backup will have to be in place so we can continue to file the necessary reports every quarter.'' Maybe they will have to issue more shares so they can file. Later, Paul