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Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (6858)	9/24/1998 12:30:00 AM
From: s martin	Respond to of 26163

It seems the application for listing on NASDAQ has gotten lost in the shuffle. Interesting to see the press release (?) from Sylver doesn't mention any plans to that effect. He seems a bit preoccupied with Wellrich right now. <g>

To: Arcane Lore who wrote (6858)	9/29/1998 8:01:00 PM
From: Arcane Lore	Respond to of 26163

A lurker has been kind enough to provide the answer to the meaning of "non-designated stock". It turns out that a "designated stock" is an alternate (and euphemistic) term for a "penny stock". For example, the following portion of a 1992 NASD Notice to Members (92-38) quoted below replaced a previously existing reference to a "designated stock" definition with a reference to a "penny stock" definition. Thus the phrase "non-designated stock" in the AZNT press release referred to a "non-penny stock". 3) the estimated market value. Relation to SEC Rule 15c2-6 (the "Penny Stock Cold Call Rule") The Penny Stock Disclosure Rules are in addition to the suitability and record-keeping requirements of SEC Rule 15c2-6. The SEC has published for comment certain proposed amendments to conform certain provisions of the Cold Call Rule to the recently enacted disclosure rules. In particular, the Commission proposes to replace the definition of "designated security" in Rule 15c2-6(d)(2) with the definition of "penny stock" under Rule 3a51-1, and to replace the list of exempt transactions in 15c2-6(c)(1) with those enumerated in Rule 15g-1. Furthermore, the Commission proposes to amplify the risk disclosure document required by Rule 15g-2 to include a brief statement of the customer suitability process embodied in the Cold Call Rule. The SEC also proposes to retain the "established customer" exemption in Rule 15c2-6. The comment deadline was May 28, 1992. See SEC Release No. 34-30610 (April 20, 1992), 57 FR 18046 (April 28, 1992). While I would like to give a link to the above notice, apparently the links to the NASD Manual sections are made on the fly and expire after about an hour. So instead I'll give a set of directions to drill down to the section in question. In the following, "expand" means to click on the book icon next to the given link. Go to: nasdr.com Click on "Internet version" Expand: NOTICES TO MEMBERS Expand: 1992 Notices to Members Click on: Long jump in tree (at bottom of list of links) Expand: 92-38 Adoption of Penny-Stock Disclosure Rules Expand: III. DISCLOSURE REQUIREMENTS Expand: E. Monthly Account Statements (Effective January 1, 1993) Click on: (3) the estimated market value.