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OT From another board:
NEW DD ON ALL PINKS!!
FOR IMMEDIATE RELEASE:
New York, NY - November 6, 2006 - Pink Sheets, LLC today announced the INTRODUCTION of new categories for the companies traded on the Pink Sheets Electronic Interdealer Quotation and Trading System. The decision to start categorizing each security traded on the Pink Sheets is a move to provide more transparency to investors on the ability and willingness of issuers to provide adequate public disclosure in a credible and timely manner. Pink Sheets is a quotation and trading venue that does not have minimum disclosure standards. Trading is driven by OTC market demand rather than the traditional exchange listing process. Therefore, categorizing securities by their level of disclosure will greatly enhance the capital formation process. The categories are based on the level, quality and timeliness of a company's disclosure. The initiative is similar to the various markets that NASDAQ uses to classify companies as well as the identifiers that NASDAQ and NYSE use to label companies that are late or delinquent in disclosure. Pink Sheets will implement the new categories on May 1, 2007.
Companies that have substantial operating businesses and provide credible disclosure to the public qualify for the premium tier OTCQX, which commences trading on January 2007. For more information on OTCQX, please see our website at www.otcqx.com. Approximately 20% of the current Pink Sheets or OTC Bulletin Board traded companies could qualify for an OTCQX listing. All Pink Sheets quoted securities of issuers that are not able or willing to meet the high standards of OTCQX will be placed in one of the following categories and labeled as such on www.pinksheets.com effective May 1, 2007:
Emerging Equities List represents companies that provide credible disclosure, including GAAP audited financials, but may not have sufficient business operations to qualify for OTCQX. To qualify for this category, companies are required to provide a letter from an attorney regarding the quality of their disclosure. These companies will have an Emerging Equity List logo next to their symbol.
SEC Current indicates that the companies are SEC reporting and current in their financial reporting. Pink Sheets will track filings made through the SEC's EDGAR system and automatically categorize a company based on their filing status.
Adequate Current Information indicates companies that conform to Pink Sheets Guidelines for Providing Adequate Current Information. An audit is not required, but a letter from an attorney regarding the completeness of disclosure is required. Federal or state regulated banks, insurance companies and companies listed on non-U.S. stock exchanges will only need to supply the information they file with their primary regulator in English and will not be required to provide an attorney letter.
Limited Information Available applies to companies with some information posted in the last six months, either through the SEC's EDGAR system or the Pink Sheets News Service, but may not be current or complete. A yield sign will be displayed next to the symbol.
Public Interest Concern is for stocks with unsolicited spam, questionable promotion or other public-interest concerns. A Skull and Crossbones icon will be displayed next to the symbol. If there is no current information available for a company that is the subject of unsolicited spam, their quotes will also be blocked on pinksheets.com.
No Information is for all other Pink Sheets stocks. A stop sign will be displayed next to the symbol.
The companies that wish to be designated as OTCQX or Emerging Equities List companies are required to submit an application as they will be agreeing to provide a minimum level of disclosure. Adequate Current Information and Limited Information Available require non-SEC-reporting issuers to subscribe to the Pink Sheets News Service to make the information publicly available.
"The creation of the OTCQX and the forthcoming Pink Sheets categories are the next step in our continuing efforts to improve the Pink Sheets trading environment," commented Cromwell Coulson, Chairman and CEO of Pink Sheets. "We have transformed the Pink Sheets from a nearly dormant paper-based quotation service to a fully integrated electronic quotation, trading and disclosure system with almost $25 billion in volume of trading in the first quarter of this year and market maker participation from 200 of the largest securities firms in the world. Because of our highly efficient trading platform, over 90% of inter-dealer trading in OTC Bulletin Board securities now trades through our systems. In addition, we have given issuers the ability to communicate with the investment public through our website, pinksheets.com, which registers over 100 million page views from investors each month."
Additional efforts to enhance transparency and investor confidence include successfully persuading the NASD to require its members to include Pink Sheets and OTC Bulletin Board securities in the monthly short-interest reports. Pink Sheets has also petitioned the SEC to create rules that would expose illegal promotion activities such as spam e-mails that can tarnish the reputation of good companies and diminish the price of their stock.
"Companies are known by the company they keep, and we hope that in providing these new categories, companies that provide disclosure to the public will clearly stand apart from those companies that are of lesser quality," concluded Mr. Coulson.
gapper: Where'd you get your info?
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yep. eom
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This could be the reason:
Posted by: gapper415
In reply to: None Date:11/6/2006 11:10:49 AM
Post #of 191175
HUGE ETIM DEAL COMING SOON.. PR TOMORROW!!!
Spread is better now. eom
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Be careful, they could be fishing for suckers, up on very low volume. JMHO
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To the people responding to Nikki, it's your fault she's still here. Stop giving her an audience, she will stop posting.
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legal: Believe me, if there is good news I will cheer. eom
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legal: Then we can all give it one big WEEEEEEEEEEEEEEE. LOL
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Well at least some people think what is said on this board is interesting, we are #4 on the most read board list.
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sayheydave: Maybe it's time Clint takes after Harry Truman, as in "the buck stops here".
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KCN: If there are going to be cheerleaders here posting the good points, I feel there needs to be a balance between the good and the bad.
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What I have learned from reading correspondence from Clint to posters on this board:
Don't call ETIM and ask any pertinent questions, we are trying to run a company. (In other words leave us alone)
Don't call our partners or distributors because this may put our relationships in jeopardy. (Refer to the 1st point)
We don't have any choice about the T/A being gagged that's just the way they do business.
We are going to remove the gag from the T/A. (hasn't happened yet)
We are going to remove the gag from the T/A, but not at this time, because they may get bothered to much. LOL That one is a classic.
We are going to get a nobo list, but they haven't done a thing with it yet.
We are not going to sell anymore shares, all the while knowing full well there were 100's of millions of shares being dumped into the market.
These are but a few reasons people have questions about their investment in this company. Most of these problems would have and should have never occurred, if this company had been transparent from the beginning. If Clint would stop acting like just another run of the mill pink sheet CEO, I'm 100% sure people would stop treating him like one. JMHO
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Question to the board:
In Clint's email response to burnshorty he stated:
"We will eventually release the gag on the TA. Small-cap investors have already been toxic by hounding our Licensing firm Building Q and now our distributors that were mentioned in today's press release. Relationships with key partners that are crucial to our survival are have been put in jeopardy because of misguided, panicked small-cap investors who are way out of line. We are not going to but our TA through the same thing right now. If you want current share info then go to pinksheets.com"
Would it not be a simple solution for the company to talk with the T/A and give one person, preferably a board moderator access to the T/A? They could call them once a day and get the share update, this seems to be an amicable compromise? Yes/No
This would surely dowse some of the flames of discontent.
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pinarello: I said most, not all. eom
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There are certain T/A's that do not give out share structure info. This IMO gives companies an out, they can say well it's the T/A's policy not to give out that info but, that's the reason why the company picked that T/A in the first place. JMHO
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cougar: Once again, if Clint would have been upfront with the share holders from the beginning, they wouldn't feel the need to check up and make sure what the company is stating is the truth. The ball is squarely in Clint's court, let's just hope he's a fast learner.
Let me make it perfectly clear, I do not endorse calling distributors and business partners and harassing them. Clint is the CEO, he should be the one giving out the straight answers to the share holders questions.
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varok: Most on this board understand the need for dilution and most on this board know that the people lending money to pink sheet companies are at best glorified loan sharks. The company has no choice in where they get their funding, the company does have a choice on how they treat their shareholders. This is what the main concern on this board is, explain to me why the T/A has to be gagged in a situation like this? All Clint has to do, is take the gag off the T/A and allow access to the share structure. Speaking for most on this board, it would be a breath of fresh air.
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thedingo: LOL Clint put himself squarely in the position he's in right now no one else. He told shareholders there would be no more dilution when in fact he new 500,000,000 new shares had just been printed. He told a moderator on this board the T/A (gagged) situation would be taken care of this past week. I called the T/A and they told me all they need is a letter from the company lifting the gag. How long do you think that would take? Please don't be an apologist for a CEO of a pink sheet company, he is choosing his own path and this week will tell us a lot about the direction of this company.
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shorty: IMO it is our job as share holders to keep them honest.
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Creede: If they are not going to dilute anymore the gag should be taken off the T/A, If not we can be assured of more of the same.
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legal: God bless you. eom
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Matt and choking, are you guys for real?
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LOL WEEEEEEEEEE I'M A STUCKHOLDER. EOM
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Anyone else getting off please do so, we need to lighten the hold for the next leg up. Those waiting for the next leg up please have your tickets ready at the boarding gate.
Thank you
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Picture of the official ETIM delivery mobile:
http://www.barris.com/images/gallery/dragula.jpg
LOL
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.0035 x .0036, come on let's run this puppy. eom
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Only down 10.26%, not bad. eom
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SOS, Sh!t on a shingle? LOL
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Creede check the IBOX. eom
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Well, well what do we have here a little U/T? LOL
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We have had enough shakes, I feel like I work at Dairy Queen for God's sake. LOL
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If we close even or green, this will be a sign of great strength.
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ema: At least .05, with the hype and volume we had. eom
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99% of the time these companies have no choice, who else is going to give them the money they need? The financing is not the problem, the problem stems from how these companies present themselves to their shareholders. I really think, they think we are all stupid or something, like we're not going to find out about what's going on. They don't realize that they would generate a huge following by being the only pink sheet company that is actually being honest. If we knew how many shares they had to sell from the beginning and what the money was going to be used for, I honestly believe the price would be higher right now. There would have been no doubt in anyone's mind what was happening, we all could have made an informed decision rather than a uninformed guess. JMHO
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LOL BIDWHACKER !!!!!
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cee-it: The General you referenced was General Mcauliffe, the battle was the battle of the bulge. The Americans went on to win that battle and eventually the war. Great post cee-it, one of the best I've read.
Thanks
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Marykate: Why do you think most everyone here has her on ignore, she's like the wicked witch of the west on methamphetamine. LOL
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I have no problem with the dilution, they had no other means of raising funds. The problem I and most other holders have is the fact that the T/A is gagged. If the shareholders could call the T/A and see what kind of numbers we're dealing with I for one would feel more comfortable holding or even buying more. At least we could gauge how much longer the dilution would be a factor. JMHO
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pinarello: No it wouldn't. it will take Clint 10 minutes to take care of this, Cowboy posted last week that Clint said he would have this taken care by this week.
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