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To: Leroyt who wrote (24793)10/15/1998 11:36:00 AM
From: Double Dipper  Read Replies (1) | Respond to of 27968
 
Leroy,

Here is some info I pulled up from the otc bb site.

======================
Comparison of Nasdaq and OTCBB*
The OTCBB is a quotation medium for subscribing members, not an issuer listing
service, and should not be confused with The Nasdaq Stock MarketSM. OTCBB
securities are traded by a community of Market Makers that enter quotes and trade
reports through a highly sophisticated, closed computer network, which is accessed
through Nasdaq Workstation IITM The OTCBB is unlike The Nasdaq Stock Market in
that it:

does not impose listing standards or requirements;
does not provide automated trade executions;
does not maintain relationships with quoted issuers; and
does not have the same obligations for Market Makers.
Feature or Requirement
OTCBB
Nasdaq
Qualitative and quantitative listing requirements
No
Yes
Listing and maintenance fees to issuers
No
Yes
Requirements to maintain quotation or listing
No
Yes
Real-time electronic quotes for domestic issues
Yes
Yes
Minimum Form 211 or listing processing time
3 days
6-8 weeks**

* The OTCBB is separate and distinct from The Nasdaq Stock Market.
** A Form 211 is not required for listing on Nasdaq; however, the average time of
approval for listing on Nasdaq is 6-8 weeks.

The OTCBB is distinct from the Pink Sheets. The "Pink Sheets"® are operated by the
National Quotation Bureau, LLC (NQB) and are a static paper quotation medium printed
weekly and distributed to broker/dealers. An electronic version of the Pink Sheets is
updated once a day and disseminated over market data vendor terminals. The Pink
Sheets are not owned or operated by The Nasdaq Stock Market, Inc.

=======

Here is the url for a more indepth look at the OTCBB system.

otcbb.com

Kevin - Hope this is informative.