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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (10377)	6/21/1998 1:22:00 AM
From: dumbmoney	Read Replies (2) \| Respond to of 18691

Do you know what allows a company to be non-reporting? There are no financial reporting requirements for OTCBB-traded companies. In fact the only requirement, as far as Nasdaq is concerned, is that at least one market maker is interested in trading the stock.

To: peter michaelson who wrote (10377)	6/21/1998 3:35:00 PM
From: Shoe	Respond to of 18691

Peter, see this link for some basics on registration/reporting requirements: sec.gov The 35 investor number (which does not count "accredited" types such as Roger) relates to one possible exemption from registration of the sale of securities under the Securities Act of 1933, which is different from registration of a class of outstanding securities under the Securities Exchange Act of 1934. The requirement to file periodic reports under the latter Act flows from either type of registration, but also may terminate based on the number of holders, for an issuer whose shares are not traded on an exchange or NASDAQ. Good hedging. -- Shoe