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Microcap & Penny Stocks : Scambusters -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (174)	1/7/1999 9:08:00 PM
From: Arcane Lore	Read Replies (1) \| Respond to of 178

Uh oh: SEC Clears Rule Affecting OTC Bulletin Board Stocks ... Some of the companies are expected to move from the Bulletin Board to the National Quotation Bureau's Pink Sheets, which don't require updated financial reporting. R. Cromwell Coulson, chairman of the National Quotation Bureau, a private quotation service, said he expects as many as 3,000 stocks to move to the Pink Sheets from the NASD's Bulletin Board. "This rule is good for us," he said. ... The Pink Sheets have no electronic mechanism to provide real-time quote and trade-price information. This raises criticism among some traders, who say the new rule will lead to less price "transparency" -- or rapid updating of price information -- for stocks that move off the Bulletin Board. But the Pink Sheets plan to automate and add electronic quotations this April, which will give it more of the transparent qualities of the OTC Bulletin Board, Mr. Coulson said. interactive.wsj.com