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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (3611)	12/9/1998 6:47:00 PM
From: Mike Sawyer	Read Replies (1) \| Respond to of 5847

Great Link Cap! I had forgotten all about that site! Here's some info I got on getting AI on the OTC...it's going to be quick! What are the listing requirements for the OTCBB? Because the OTCBB is a quotation service for NASD Market Makers, not an issuer listing service or securities exchange, there are no minimum listing requirements that must be met by an OTCBB issuer. Further, there are no maintenance or reporting requirements for issuers to The Nasdaq Stock Market, Inc. or the NASD®. However, effective April 1, 1998, all foreign issues and ADRs must be registered with the Securities & Exchange Commission (SEC) pursuant to Section 12 of the Securities Exchange Act of 1934. How To Begin Quoting On The OTC Bulletin Board Before an issue can be quoted on the OTC Bulletin Board® (OTCBB), a Market Maker must first determine if the company is already listed on a U.S. national exchange or market. If the issue is listed on a national exchange or market, it may not be quoted on the OTCBB. Market Makers should also check to see if the company is on the National Quotation Bureau's Pink Sheets. If the issue is on the Pink Sheets, then, to quote on the OTCBB, the Market Maker quoting the issue may file an exemption to the 15c2-11 rather than a full Form 211; non-Market Makers must file a Form 211. If the issue is listed on a regional exchange, is current in its SEC filings, and does not meet the minimum criteria for inclusion in the Consolidated Quotation and Transaction Reporting Systems, a Rule 15c2-11 Regional Security Exemption Form should be filed for quotation on the OTCBB. If the issue does not meet the exemption criteria, a full Form 211 must be filed for quotation on the OTCBB. If the issue has been delisted from The Nasdaq Stock MarketSM because it has not maintained Nasdaq's listing requirements and the security meets the following criteria, then the issue will be available for immediate quotation on the OTCBB only for those Market Makers quoting in the security during the 30-day period preceding its removal. The security has been quoted continuously on Nasdaq® during the 30 calendar days preceding its delisting, exclusive of any trading halt not exceeding one day to permit the dissemination of material news concerning the security's issuer. The issuer must not be the subject of bankruptcy proceedings. The issuer must be current in its filings. If the issue does not meet all of the above criteria upon delisting, a Form 211 must be filed for quotation on the OTCBB. Form 211 ...this is what AI will need... Market Makers must complete this form to initiate or resume quotations in the OTC Bulletin Board® Service, the NQB "Pink Sheets®," or any other comparable quotation medium. By completing this form, a market maker is representing that it has satisfied all applicable requirements of Securities and Exchange Commission (SEC) Rule 15c2-11 and the filing and information requirements of NASD Rule 6740. It is not necessary to file this application if an exemption applies. It's not going to be a long drawn out deal it appears. I think that AI will begin trading whenever The three Amigos want to begin trading. Here's the link to the Form 211 if you want to download it in PDF form... otcbb.com I'm stoked! Cheers! %^)