Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hey Rich Hope all is well with you.....check out the latest BIHC
I think I'll hang on to my shares and ride this to 0. I put a sell order in at .25 GTC...I suggest everybody to do the same
30 minutes before opening bell..........still nothing
New Hampshire.....Mt. Washington
.004 x .005
We'll hear something or they won't trade
14 1/2 hours until trading starts.....will we finally hear something from the SEC about BIHC
Thanks for the DD
Afraid your wrong the MM's are starting to require audited financials for a 211.....I think this one will be suspended soon because they haven't updated pinksheets or filed anything in a long time just look what happened to ACMG or BIHC....Aurus isn't far behind. Here's an example of a company filing a 211
McMULLEN ASSOCIATES, LLC
SECURITIES AND CORPORATE LAW
10701 McMULLEN CREEK PARKWAY, SUITE B
CHARLOTTE, NORTH CAROLINA 28226
DONALD M. BROWN, JR.* TELEPHONE
J. SCOTT HAMPTON (704) 541-2649
FACSIMILE
*ALSO ADMITTED IN (704) 541-4751
SOUTH CAROLINA
February 20, 2009
Asiana Corp.
Oversea Plaza, Suite 409
Jianchang Industrial Park,
Hi-tech Development Zone
Nanchang, Jiangxi 330029
China
Gentlemen,
Our firm has been obtained to assist you in obtaining a solicited status 15c211 and also to
provide legal advice and assistance to you to ensure that all applicable regulatory and statutory
procedures are complied with as your company seeks to obtain a full solicitation status on a US
Exchange through filing a “Rule 211” Form with FINRA.
To accomplish this objective, of course, the procedure involves obtaining representation from a
registered “Market Maker” to become involved in the process which requires submitting
extensive information about your company with FINRA, which will then, after reviewing the
application, will grant full trading status for your company with an unlimited number of Market
Makers.
Unfortunately, several factors, including stiffer regulatory oversight from U.S. Governmental
and quasi-governmental agencies, has, especially since the first of this year, led to a shift in the
industry standard for Market Makers operating in the market today filing Forms 211.
Because of stiffer regulatory oversight, Market Makers have become increasingly concerned
about protecting themselves against potential legal liability for errors contained within Rule 211
Forms which they file with FINRA. Accordingly they are self-imposing higher standards from
companies seeking to obtain a ticker symbol or full trading status due to the difficulty in
verifying accuracy short of audited financials.
This in fact has constituted a growing shift in the industry standard for all 15c211 applicants,
whereby Market Makers are now requiring audited financials across the board, except, perhaps,
in rare instances on a case-by-case bases involving U.S. companies well-known to the Market
Maker with a solid and well-known business history. Cases of 211 applications proceeding
without audited financials, however, are increasingly becoming the rare exception to the new
rule, in which Market Makers are requiring audited financials.
2
So Gentlemen we recommend, not only for expediency in getting the 211 approved, but for the
company’s own protection as well, in our continued efforts to initiate or resume a full trading
status on the Pink Sheet or OTCBB Markets through filing a “Rule 211” with FINRA, that the
company complete and submit its audited financial information for the previous 2 year period of
operations. For non-US Companies, two years of audited (IFRS) (GAP) financials is highly
recommended or seek a current audited private company for merger.
Thank you for your consideration in this matter. Please do not hesitate to contact me should you
have any questions.
This opinion is solely for the use of the Company and its Board of Directors, and may not be
published or provided to any other person or entity without written permission from the
undersigned.
Very truly yours,
Donald M. Brown, Jr.
I hope you hold some long term in case good news comes out
I urge everyone here to put in a complaint to the SEC and get AURUS suspended.....They said they were going to file financials a long time ago. If they get suspended ,which I think probably isn't far off, they will have no choice but to file a 15c-211 and now they are required to file 2 years of financials before MM's will do a 211.
looks like we are going to be on the grey sheets for awhile they just tightened the standards for a 15c-211 now looks like market makers are imposing tighter restrictions ie 2 years of audited financials.Heres an examlpe of a company trying to get a 15c211 filed
McMULLEN ASSOCIATES, LLC
SECURITIES AND CORPORATE LAW
10701 McMULLEN CREEK PARKWAY, SUITE B
CHARLOTTE, NORTH CAROLINA 28226
DONALD M. BROWN, JR.* TELEPHONE
J. SCOTT HAMPTON (704) 541-2649
FACSIMILE
*ALSO ADMITTED IN (704) 541-4751
SOUTH CAROLINA
February 20, 2009
Asiana Corp.
Oversea Plaza, Suite 409
Jianchang Industrial Park,
Hi-tech Development Zone
Nanchang, Jiangxi 330029
China
Gentlemen,
Our firm has been obtained to assist you in obtaining a solicited status 15c211 and also to
provide legal advice and assistance to you to ensure that all applicable regulatory and statutory
procedures are complied with as your company seeks to obtain a full solicitation status on a US
Exchange through filing a “Rule 211” Form with FINRA.
To accomplish this objective, of course, the procedure involves obtaining representation from a
registered “Market Maker” to become involved in the process which requires submitting
extensive information about your company with FINRA, which will then, after reviewing the
application, will grant full trading status for your company with an unlimited number of Market
Makers.
Unfortunately, several factors, including stiffer regulatory oversight from U.S. Governmental
and quasi-governmental agencies, has, especially since the first of this year, led to a shift in the
industry standard for Market Makers operating in the market today filing Forms 211.
Because of stiffer regulatory oversight, Market Makers have become increasingly concerned
about protecting themselves against potential legal liability for errors contained within Rule 211
Forms which they file with FINRA. Accordingly they are self-imposing higher standards from
companies seeking to obtain a ticker symbol or full trading status due to the difficulty in
verifying accuracy short of audited financials.
This in fact has constituted a growing shift in the industry standard for all 15c211 applicants,
whereby Market Makers are now requiring audited financials across the board, except, perhaps,
in rare instances on a case-by-case bases involving U.S. companies well-known to the Market
Maker with a solid and well-known business history. Cases of 211 applications proceeding
without audited financials, however, are increasingly becoming the rare exception to the new
rule, in which Market Makers are requiring audited financials.
2
So Gentlemen we recommend, not only for expediency in getting the 211 approved, but for the
company’s own protection as well, in our continued efforts to initiate or resume a full trading
status on the Pink Sheet or OTCBB Markets through filing a “Rule 211” with FINRA, that the
company complete and submit its audited financial information for the previous 2 year period of
operations. For non-US Companies, two years of audited (IFRS) (GAP) financials is highly
recommended or seek a current audited private company for merger.
Thank you for your consideration in this matter. Please do not hesitate to contact me should you
have any questions.
This opinion is solely for the use of the Company and its Board of Directors, and may not be
published or provided to any other person or entity without written permission from the
undersigned.
Very truly yours,
Donald M. Brown, Jr.
now they want 2 years of audited financials for a 15c-211....WTF
Still waiting.......hope it's worth the wait
Kimi, When you talked to Mrs. Ingala what did she say about divy distribution?
what exactly did you hear again? Maybe that's why they got suspended.
nobody's claiming a divy over on yahoo....kick a guy while he's down
Anybody have a quote from the Berlin exchange....wondering how it closed over there
I agree Janet.....I can wait 45 days may turn out to be a better investment than FVRL.....GNTA is undervalued....we'll see what happens next week they did better than expected on earnings
Thanks Furio for your wishes.....all we can do is wait and see what happens. GLTUA
that's when Alcar should have been suspended!
yeah I won't download it either
Yeah I can't get in either....could someone post if they are able to listen
The rumor of a PR is just that... a rumor....Back down to .001 we go.
I'll go with you if you want to....
what's tuesday?
ASIC AURC BIHC GLCC HGLC LDSR MONA
CHECK OUT STOCKHIDEOUTS CHAT BOARD GOOD SOURCES THERE
http://www.stockhideout.com/visichat/
AQUI
just sat in front of computer doing dd on the pennies
no mention of GreenStar
http://www.emerging-markets.com/algae/default.asp
see post 77880 that's the only reason I can see for the move
morning REV......did you see the move on AQUI keep an eye on it
Thanks for you comments Eik....I knew the risks....we'll see what happens and what the SEC does with them. I don't see them revoking their registration if they get their questions answered promptly. Heres the link to suspension
http://www.sec.gov/litigation/suspensions/2009/34-59365.pdf
Hey Lost do you have that email to Krong and an address?
Does anybody have an email address or an address in Russia where AURC is based. I just finally heard from my relative in Belarus and am going to have her check them out by writing to them and maybe visit their office and find out what has been happening if anything. Somebody posted an email in Russian could I get that email address so I can give it to my relative. I'm sick of writing Slava and getting no response. Any info you guys could provide would be helpful.
A PR Monday saying they are still paying the divy and are working on clearing up any confusion with the SEC would be nice!
Yet another one going long on EIK....... BIHC
I'm not feeling well either after a got burnt on ACMG now this