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Microcap & Penny Stocks : TheBigHub.com (OTC:BHUB) -- Ignore unavailable to you. Want to Upgrade?

To: C.J. Allbaugh who wrote (65)	1/7/1999 11:18:00 AM
From: SAMOA1	Read Replies (1) \| Respond to of 666

Hip Hip Hooooraaaay!

To: C.J. Allbaugh who wrote (65)	1/7/1999 12:44:00 PM
From: sleuthmaven	Read Replies (2) \| Respond to of 666

FYI - Financial Reporting for OTCBB companies WASHINGTON, Jan. 6 /PRNewswire/ NASD Announces SEC Approval of OTC Bulletin Board Eligibility Rule Washington, D.C.—The National Association of Securities Dealers, Inc. (NASD®), today announced that the Securities and Exchange Commission (SEC) has approved the NASD's proposed OTC Bulletin Board Eligibility Rule. This rule permits only those companies that report their current financial information to the SEC, banking, or insurance regulators to be quoted on the OTC Bulletin Board® (OTCBB), offering investors more and better information about OTCBB stocks. Under the new rule, Market Makers will not be permitted to quote OTCBB-traded securities unless the issuer has filed periodic reports with the appropriate regulatory agency. The filing requirement protects investors by ensuring that they have access to companies' current financial information when considering investments in OTCBB-traded securities. “Thorough and accurate information is the foundation of sound investment decisions,” said Frank G. Zarb, NASD Chairman and Chief Executive Officer. “By requiring the half of all OTCBB companies that currently do not provide publicly-available financial reports to join the half that do, we will take a major step toward improving the quality of the microcap market. We are pleased that the SEC has approved our proposal to effectively eliminate non-reporting companies from the OTC Bulletin Board.” Under the new rule, any domestic company that does not file periodic financial reports with the SEC, or with banking or insurance regulators, will be eliminated from the OTCBB after a phase-in period. In April 1998, the SEC required all foreign securities on the OTCBB to be fully registered with the SEC in order to remain quoted. The new requirement applies immediately to any company first quoted on the OTCBB after January 4, 1999. Securities already quoted on the OTCBB as of January 4, 1999, will have until at least July 1999 to comply with the new requirements. The rule will be phased in over a 12 month period beginning in July 1999 and continuing through June 2000 in alphabetical increments based upon the company's name as of January 4, 1999. In June 2000, the rule will apply to all companies on the OTCBB. The filing requirement also means that these companies are subject to greater regulatory oversight by the SEC and other regulatory authorities. The OTC Bulletin Board is a quotation service that displays real-time quotes, last-sale prices, and volume information in domestic and certain foreign securities. Eligible securities include national, regional, and foreign equity issues; and warrants, units, and American Depositary Receipts (ADRs) not listed on any other U.S. national securities market or exchange. Although the OTCBB is operated by the NASD, it is unlike The Nasdaq Stock Market® or other listed markets where individual companies apply for listing and must meet and maintain strict listing standards; individual brokerage firms, or Market Makers initiate quotations for specific securities on the OTC Bulletin Board. Currently, approximately 6,500 securities are quoted on the OTCBB. For more information about the OTC Bulletin Board, please visit otcbb.com. ------ Previous

To: C.J. Allbaugh who wrote (65)	1/8/1999 2:08:00 AM
From: Fred Seitel	Read Replies (1) \| Respond to of 666

Well, what's not to like about SLEU? First we have today's press release, which includes the statement: Both iSleuthMail and iSleuthChat are in final production and are expected to be launched prior to the end of January 1999. (See biz.yahoo.com ) Surely we can anticipate more press releases regarding the expansion of their internet site as the end of January approaches. And then Barry Rothman is reported (by C.J.) to have said the company is working on a NASDAQ listing, hopefully two to three months down the road. So C.J., was Barry referring to becoming a fully-reporting company so that SLEU would continue to be quoted on the OTC BB system, or was he talking of moving from the OTC BB to a full-fledged NASDAQ listing? The former would be very good, the latter excellent. Regarding the 2-3 month time frame, I would be surprised if they can move that rapidly. But as long as they are progressing toward their goal and ultimately achieve NASDAQ listing, that should have a very positive impact on investor interest in this stock. Perhaps they will issue press release(s) advising of their progress toward listing, to keep their investors informed. - Fred