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: Just My Opinion who wrote (46853)	5/7/1998 10:44:00 PM
From: Arcane Lore	Read Replies (1) \| Respond to of 55532

While the following article is principally about delisting from NASDAQ not the OTC BB, a few of the paragraphs near the end deal with the coming potential delistings from the BB. The article claims that as many as half of the stocks on the BB could have to move to the Pink Sheets (basis and source of claim not specified in the article). Also the National Quotation Bureau (Pink Sheets' owner) is considering how to tighten their standards and looking to automate Pink Sheet trading. ohio.com

To: Just My Opinion who wrote (46853)	5/8/1998 12:01:00 AM
From: Ellen	Read Replies (3) \| Respond to of 55532

Among other interesting parts, there was this: "The proposed Recommendation and Disclosure rules would not apply to transactions in securities of banks and insurance companies, and to companies with more than $100 million in assets and $10 million in shareholder equity. Transactions with institutional investors will also be exempt." If a company had more than $100 million in assets and $10 million in shareholder equity, how would you know, if they weren't required to report? I find that odd. And transactions with institutional investors are exempt from the (to be phased in) requirement of the market maker(s) to review current financials? So, institutional investors can buy whatever they want - and individual investors can't because they can only buy securities for which mm's have reviewed current financials? Doesn't make sense to me.