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Microcap & Penny Stocks : MSHE (MSH Entertainment) -- Ignore unavailable to you. Want to Upgrade?

To: Sisofsix2 who wrote (1760)	11/11/1998 10:11:00 AM
From: micky	Read Replies (1) \| Respond to of 2706

Sis, you hit the nail on the head as usual. One thing, MSH does not need $4 share price to become reporting - any public company can File a Form 10 anytime, even if its shares aren't trading. MSH does need a $4 share price to qualify for NASD SMCAP, along with the other requirements it already meets. By filing the Form and becoming reporting, a) MSH can stay on the BB (remember the rules that all NASD BB companies must be reporting in the near future or be pushed off to the pink sheets?) and b)more brokers and institutions will be able to invest as many have rules against looking at non-reporting (and BB) company investments, no matter how much they like the company. After getting to the SMCAP, the next step is to move to the NASD national market, or to an exchange. Each level brings greater exposure to brokers, analysts, investors, and institutions. The advantage of moving from NASD to an exchange is leaving NASD's market maker system behind. Exchanges use specialists to match buy and sell orders, so that the spread in price is controlled better. NASD recently bought the AMEX, and will probably use it as a way to stop migration of companies on the NASD SMCAP/national to other exchanges. Personally, since am not a shorter, day trader or MM, the BB system doesn't do me, or the companies I'm interested in, any good. These folks don't have any interest in the company, only in profiting from trading volume. Have been exploring some alternative direct buyer-seller systems, and the best I have found so far is Nephix.com, run by a broker so that the transaction is handled like any brokered trade (unlike some others where you have to rely on good faith to get your shares or money). Would be interested in what any of you think of it. Will provide more info if you are interested. Good investing.