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111,311 trade each evening, for the past two days. has been happening at the end of each day.
125000 shares used to bring this down each day.
Any comments.
2nd UPDATE: SEC Approves Changes To Short-Selling RulesLast update: 6/13/2007 2:02:15 PM(Updates throughout with additional details on rule changes, quotes from SEC commissioners, notes votes were unanimous.)
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted Wednesday to abolish longstanding rules that restrict short sales in declining markets and approved another change to tighten rules intended to curb manipulative short sales, including so-called "naked" short sales. The first change, approved in a 5-0 vote, ends decades-long restrictions by the SEC and U.S. markets on selling short as prices are falling. An experiment in lifting the rules for select stocks showed there was little justification for retaining restrictions such as the New York Stock Exchange's "tick" test, SEC Chairman Christopher Cox said. Elimination of SEC's short-sale price restrictions and rules barring markets from using a "tick" or "bid" test to control short sales will take effect immediately after the rule change is published in the Federal Register, SEC staffers said. Barriers to short sales when prices are moving lower date from the 1930s, when regulators sought to prevent "bear" raids that could send prices spiraling downward. The advent of decimal trading has made it harder to comply with such restrictions, and with better market surveillance, "we've determined that the rule simply is not needed," said SEC Commissioner Paul Atkins. A second change approved by the SEC modifies Regulation SHO, which the agency adopted in 2004 to curb abusive short sales. The SEC voted unanimously Wednesday to eliminate a controversial exception to the 2004 rule that shielded existing short positions from a Regulation SHO requirement to deliver hard-to-borrow shares within 13 days of settlement. Once the change takes effect, short positions previously protected by the grandfather clause must be closed out within 35 days. Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to prevent "naked" short sales, in which short sellers don't borrow securities they sell. Among other things, the SEC regulation, which took effect in 2005, imposed new deadlines on closing out short positions by delivering borrowed shares. SEC officials said delivery failures have declined about 35% overall since Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks defined as "threshold" securities. Longstanding, persistent delivery failures seem to be due to the grandfather protections and a shield for short positions held by option market makers, Cox said. He said delivery failures hurt investors and companies, and may be a sign of naked short selling. "It continues to be a problem, particularly in the microcap space," Cox told reporters after the SEC meeting. SEC Commissioner Annette Nazareth said ending the grandfather protections won't have adverse effects, such as volatile trading, that prompted the SEC to adopt the shield in 2004. SEC Commissioner Kathleen Casey also endorsed the change, saying the benefit of doing so more than offsets concerns that a "squeeze" on outstanding short positions might roil stock markets. To shed light on delivery failures, the SEC plans to make aggregateDepository Trust Co. data available on the SEC Web site shortly, after removing certain confidential information from the data feed already supplied to regulators by the DTC. Agency staffers said providing hard data on delivery failures may reduce the number of requests the SEC has received for such data under the Freedom of Information Act. The SEC abandoned earlier plans to narrowprotectionsfor option market makers and voted Wednesday to seek comment on eliminating the exception altogether, or adopting an alternative approach. One alternative would set a 35-day delivery requirement on failures resulting from short sales to hedge option series established by an options market maker before a stock is designated as a threshold security. A second would set the delivery deadline at 35 days or 13 days after the expiration of all options series in a portfolio, whichever is earlier. Additionally, the SEC adopted a requirement for brokers marking a sale as an outright "long" sale to document the location of the shares being sold. The SEC also modified an exception from short-selling restrictions for unwinding net short index-arbitrage positions, available provided the market hasn't declined by 2% or more from the prior day's close, based on a market index. The SEC voted to substitute the New York Composite Index for the Dow Jones Industrial Average as the applicable market-decline index. In a last-minute change, the SEC deferred action on a fourth rule that would have tightened short sales in connection with public offerings, but Cox said it plans to take up the matter shortly, perhaps later this month. -By Judith Burns, Dow Jones Newswires; 202-862-6692; Judith.Burns@dowjones.com (END) Dow Jones Newswires
7 Highly Rated Stocks on Sale
By Matt Koppenheffer May 30, 2007
5
Recommendations
I am always looking for a good deal, whether that means buying an extra box of Cocoa Puffs when they're on sale or pouncing on undervalued stocks. The idea that anybody would sell a stock for less than its worth may seem silly, but legendary value investor Ben Graham tells us, by way of allegory, how we can look out for these situations.
In The Intelligent Investor, Graham introduces readers to a crazy guy named Mr. Market. Mr. Market's game is to pay you house calls on a daily basis to offer to sell you interests in businesses he owns or to buy from you interests in businesses you own. Sometimes Mr. Market will show up at your door very excited and offer you premium prices for your holdings, while at other times he'll be totally depressed about the future and will offer to sell you what he has for as low as pennies on the dollar.
So to find some of the stocks that Mr. Market is depressed about, I've turned once again to The Motley Fool's CAPS investor community. Each of the companies below had been given a five-star rating (the highest) by our community of investors just 30 days ago:
Stock
30-Day Return
One-Year Return
Current CAPS Rating
Acusphere (Nasdaq: ACUS)
(24.2%)
(45.8%)
****
Cryptologic (Nasdaq: CRYP)
(22.4%)
(4.0%)
*****
Optimal Group (Nasdaq: OPMR)
(17.1%)
(47.2%)
****
Rubicon Minerals (AMEX: RBY)
(16.8%)
34.6%
*****
Ness Technologies (Nasdaq: NSTC)
(15.0%)
8.2%
*****
Himax Technologies (Nasdaq: HIMX)
(13.8%)
(17.9%)
****
Rogers Corp. (NYSE: ROG)
(13.4%)
(30.8%)
****
Data from Motley Fool CAPS as of May 29.
As the table shows, these stocks are all still very well-regarded by the CAPS community despite their underperformance over the past month. While these are not formal recommendations, they could be a great place to kick off some further research. I'll even get you started with some thoughts on Cryptologic.
BP Says It Agreed To Major Gas Exploration Deal With LibyaLast update: 5/29/2007 3:25:27 PMLONDON (AP)--BP PLC (BP.U.T) said Tuesday that it signed a major exploration and production agreement with Libya's National Oil Co. In a statement, Group Chief Executive Tony Hayward said the deal was worth at least $900 million, adding it was "BPs single biggest exploration commitment."
DIO
I was here until i lost my shoes, but here's a suggestion that may help recoup some money
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Zacks.com introduces its $100K Challenge 2007 top player interviews, which feature insights from the leaders of the Zacks Simulator game. This year the Simulator's $100K Challenge allows investors to prove their stock picking abilities by competing directly against other players for a possible $100,000 contract with Zacks.
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Highlights from the March 22 interview include:
China Legislators OK Protection For Private Business,PropertyLast update: 3/16/2007 10:14:21 AMBEIJING (AP)--China's legislators on Friday passed a law providing the most sweeping protection for private businesses and property since the nation's move toward a more capitalist-style economy beginning in the late 1970s. The law offers the same protection for private and public property, a recognition of the private sector's rise since the start of economic reforms. The private sector, including foreign investment, has grown to account for 65% of gross national product and up to 70% of tax revenues. The measure was strongly opposed by a small but highly influential group of scholars and retired communist officials, who called it a threat to the state's guiding role and a vehicle for unrestrained privatization that will feed a growing income gap between rich and poor. "The law basically ignores the constitution's upholding of socialist public property as sacred and not to be violated," said Gong Xiantian, a Peking University professor. Such opposition and the communist leadership's ambivalence about reducing the primacy of state property caused the law to be kicked around for 14 years before a final version was submitted this year. It passed in a vote of 2,799 delegates in favor with 52 opposed and 37 abstaining on the final day of the annual two-week session of the National People's Congress. Perhaps aiding the law's passage was the status of state industries, which have shed influence along with employees of late. China's labor minister said earlier this week that jobs need to be found this year for another 5 million laid-off state enterprise workers. Along with private businesses, the law also aims to bolster the rights of house buyers who have pushed the urban home ownership rate to more than 80%, as well as farmers who have frequently lost their land to infrastructure and housing projects, with little or no compensation. The legislature also passed a new tax law that unifies the tax rate for foreign-financed companies with those of Chinese enterprises at 25%, ending an era that saw China create special economic and technology zones with low taxes to attract nearly $700 billion in foreign investment that fueled this nation's rise to become the world's fourth-largest economy. Under the old system, Chinese companies paid 33% of profits in tax, while new foreign investors were exempt from taxes for two years, get a 50% cut for three more and after that could receive breaks that kept rates as low as 10%. That system had led to frequent complaints about unequal treatment.
The Military, Taiwan And Tibet
Meanwhile, Premier Wen Jiabao said at a news conference at the end of the legislative session that the world should not fear China's military rise. He also repeated attacks on old foes Taiwan and the Dalai Lama. During the two-hour appearance, Wen also sought to allay concerns by the U.S. and others about China's rising military power, saying sharply higher defense spending was still lower than most developed countries and that a recent test of an anti-satellite weapon test did not target any other nation or violate any international treaties. He also pledged to foster nascent detente with regional rival Japan. Regarding Taiwan, Wen said China had not changed its stance. "We are strongly opposed to any secessionist activities aimed at achieving Taiwan independence," Wen said of the self-ruled island that Beijing considers part of its territory. But he said China was willing to have a dialogue with the Dalai Lama as long as he gives up efforts for Tibetan independence. "As long as the Dalai Lama recognizes that Tibet is an inalienable part of Chinese territory ... and as long as the Dalai Lama gives up his efforts to split the county, we will be in a position and we are willing to have consultations and dialogue," Wen said. "The door is always open." Wen said China is opposed to the militarization of outer space despite the January test, which prompted wide international criticism. "China always advocates for the peaceful utilization of outer space and we are always opposed to an arms race in outer space," Wen said, adding Beijing was repeating its calls for an international convention banning weapons in outer space.
Foreign Exchange And The Economy
Wen also promised that China's expanding economic interests abroad would not undermine the dollar and pledged to make the country's authoritarian political system more accountable to the people. Noting that despite four years of double-digit growth, the economy was overly dependent on investment and exports, not consumption, he said that imbalance has left China flush with money but also the potential for careless investing. Investing foreign exchange reserves that now total $1 trillion "is a major problem," Wen said. An agency being set up to invest a portion of the reserves, mostly held in secure U.S. dollar-denominated assets, will be looking to preserve and increase their value, Wen said. "I can assure you that by instituting such a foreign exchange company, it will not have an adverse impact on U.S. dollar-denominated assets," Wen told reporters. He acknowledged the political system needs an injection of public accountability, especially to deal with endemic corruption by officials that has fed public anger that he said was growing "more and more severe." He called for greater transparency in decision-making. (END) Dow Jones NewswiresMarch 16, 2007 10:14 ET (14:14 GMT)Copyright © 2007 MarketWatch, Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision. Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.
Something did not set right with me either, this company has to many letters of intent floating out there for me. but those that made money, congrats.
clarify please, 30 mil
I thought I read somewhere that they could not offer any shares for less than $2.50 per share until an agreement expires in February. I seem to think they may have a positive update coming soon on the trials.
I could not resist
good luck
*DJ Russia,China Cos Big Winners In Libya Oil Round-Official
12/20/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
(MORE TO FOLLOW) Dow Jones Newswires
12-20-06 1222ET
Copyright (c) 2006 Dow Jones & Company, Inc.
DJ Russia, China Cos Big Winners In Libya Oil Round-Official
LONDON (Dow Jones)--Russian and Chinese energy companies were the big winners Wednesday in Libya's latest oil bidding round, a top Libyan oil official said.
Speaking by telephone from Tripoli, Abdulla Salem El-Badri, the former head of Libya's National Oil Co., and soon to be secretary-general of the Organization of Petroleum Exporting Countries, said Russia's OAO Gazprom (GSPBEX.RS) and Tatneft (TATN.RS) won some of the first blocks offered in what its Libya's third bidding round since U.S. snactions were lifted in 2004.
He said Chinese Petroleum Corp. and a consortium of Petro-Canada (PCZ) and Repsol YPF SA (REP) were also awarded blocks.
Details aren't yet available as to which other oil companies will be awarded the rest of the projects.
As part of this bidding round, Libya is offering 41 onshore and offshore energy fields for development.
(MORE TO FOLLOW) Dow Jones Newswires
12-20-06 1241ET
Copyright (c) 2006 Dow Jones & Company, Inc.
DJ Russia, China Cos Big Winners In Libya Oil Round -2-
The bidding round is the latest move by Libya to increase its crude output to 3 million barrels a day by around 2010.
Libya is pumping close to its capacity of around 1.6 million b/d.
Libya's oil head Shokri Ghanem told Dow Jones Newswires several weeks ago that Libya's National Oil Corporation had pre-qualified 60 oil firms which were eager to participate in the exploration and development of the blocks.
Ghanem said then that all major international oil firms had placed bids.
But energy analysts said a number of major oil firms would have placed unrealistic bids because they are nervous about the overall cost of developing the projects.
-By Sally Jones, Dow Jones Newswires; +44 (0)20 78 42 9347; sally.jones@dowjones.com
(END) Dow Jones Newswires
12-20-06 1247ET
Copyright (c) 2006 Dow Jones & Company, Inc.
Copyright © 2006 MarketWatch, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision.
Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.
*DJ Russia,China Cos Big Winners In Libya Oil Round-Official
12/20/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
(MORE TO FOLLOW) Dow Jones Newswires
12-20-06 1222ET
Copyright (c) 2006 Dow Jones & Company, Inc.
DJ Russia, China Cos Big Winners In Libya Oil Round-Official
LONDON (Dow Jones)--Russian and Chinese energy companies were the big winners Wednesday in Libya's latest oil bidding round, a top Libyan oil official said.
Speaking by telephone from Tripoli, Abdulla Salem El-Badri, the former head of Libya's National Oil Co., and soon to be secretary-general of the Organization of Petroleum Exporting Countries, said Russia's OAO Gazprom (GSPBEX.RS) and Tatneft (TATN.RS) won some of the first blocks offered in what its Libya's third bidding round since U.S. snactions were lifted in 2004.
He said Chinese Petroleum Corp. and a consortium of Petro-Canada (PCZ) and Repsol YPF SA (REP) were also awarded blocks.
Details aren't yet available as to which other oil companies will be awarded the rest of the projects.
As part of this bidding round, Libya is offering 41 onshore and offshore energy fields for development.
(MORE TO FOLLOW) Dow Jones Newswires
12-20-06 1241ET
Copyright (c) 2006 Dow Jones & Company, Inc.
Copyright © 2006 MarketWatch, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision.
Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.
Hot news off the newswire;
Russians, china's big deal in syria. Not sure if your company is in play here.
They didn't mention in the flash about who was the beneficiary
good luck
I found something you all might be interested in.
RBY
I've watched this for sometime now.
And I hope you all do well here at some point. I just don't have the nerve for NWOG any more.
Happy trading!!!!!!!
PS. Oh, I know this is the wrong board, but around this time of the year; everyone needs a little help. Didn't have time to alert you about BPA. sorry.
I see no reason why this should not fall to the level that it was trading at before the announcement. .017 or .027 price. Nothing has changed (NDOL). And Nwog's management states that it's concerned about the shareholders spirits/vodka spirits. Trading on the frankfurt exchange doesn't make this any better for investors. notorious for shorting; and I'm quite sure that there are some here that have accounts that allow you to short.
So, easy! Just use the Frankfurt to gauge were this is going.
Good luck all
in Frankfurt,
0.072; each time I've seen this number fall, so does nwog share price. Not sure why or even if there is a relationship their, but just my observation.
Example: wheb i bought at .13, it was Frankfurt .11. then i check the a few days later and frankfurt .096, the share price fell again. And it has been doing so since. Don't ask me why. Lets see if this will resume Monday>
Numbers catch my eye!!!
They should have hired you for the pr's. But I have to admitthe research here has been good, but even then; we still don't know what company those pr's might be referencing.
there will be gold8
Time to buy; Strongus has made his prediction of .15 next week. Others are trying to keep this thing alive. You can say nothing bad about NWOG. At some point you have to know that the averaging down thing doesn't work. YOu just need others to help find some type of support for this. Use you own money.
I do believe the day before the recent sell off; the quote was .086 over on the Frankfurt. The next day it fell well below the .086 mark. And the link I used was posted on this board.
As for the pr that they put out. The president even sounds confused. They release a pr, and you have to search for it and when you read it; it's just as confusing. 1-2 pr's a week, 2-3 pr's a week. Now thats extreme. That haven't been able to put out a pr that's meaningful to it's shareholder yet. Most of anything that has come by, has come by the research folks have done here. And we still saw the price dropppppppppppp!!!!!!!!!!!!!!!!!
And i'm not bashing, but i have a right to express my opinion and.
Also check out the OBV. Watch it the next time trading begins.
Those that were able to pick up shares at .086 and .089 were quick to announce that but they sure as hell didn't think they would see it drop so low after that.
Good luck and have a great pr week next week.
Use the Frankfurt exchange to gauge how this will perform.
Spoke to official of XXXX
The comments made helped decide that this wasn't the right company to be apart of and the person reiterated that I should note that this was a Russian company and VERY RISKY, HIGHLY SPECULATIVE. Maybe someone overheard the conversation we had over our cell phones which may have sparked the selling.
Has anyone notice how this trades in relation to the CXIA. Go check the quote for Nwog on the Frankfurt Exchange. It will give you some idea where it maybe headed.
GOOD LUCK ALL
Where are the buyers now?
It's quite odd that those who complain/research buy and sell this stock so often. Even when the stock continues to drop, they are there picking up those cheap shares w/smile. This should drop quite a bit considering the way the folks on this board have be trading this. Each day when it drop a certain crew seem to be waiting to pick up those shares and sell them before the close/open.
Just an observation.
Now this is more than enough to question Mr. Maylesslsl tactics. I feel drunk already from the way this stock has performed.
?????
Restricted shares?
Wondering if restricted shares are still considered restricted since they don't report to the SEC, new name change and the possibility of a move to a new exchange?
Any comments.
The article just stated that the shares would trade on the Pinksheets. that should answer a question so many have been wondering about. Apparently, she must have been reading the board!
I do have one question, what ever happent to the survey they were supposed to do back in August.
I guess it would not be smart of the company to pay to have a PR announced, Especially, when this board has some pretty good researchers on board. At least until, the AIM listing.
have a good day
I not sure if it will continue to trade on the Frankfurt exchange, because they are notorious for shorting positions.
This is why they want to move to a higher exchange.
From what I've read on several post here, exchanges are moving away from the short(American style)trading.
That is true about purchasing shares in a foreign market (london stock exchange). But the shares that you own will also trade on the OTCBB. And as long as someone has a market for them here, you will be able to buy or sell them.
does that clear things up for you. If not I don't know what else to say.
If you go back to some of the posted replies, this topic has been discussed long ago. Maybe you'll find some clarity there.
You will be able to trade your shares here. tdameritrade
Pinks and otcbb are simular but not the same
This happens all
the time, they run it down to the point where you can't stand the pain, which in my case (i sold) and they run it back up beyond where you bought it.
Wish you all the best, I think I'm to old for this.
Retired
75% loss
and it doesn't look as if she has a bottom. I would be foolish to sell now. But I still have a little left. Pro's- i will have something left. Con's- it just keeps falling.
can't stand the pain.
Bright side- I may have a little left to make a trade somewhere else.
Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
At some point you will get tired of hearing "good time to buy"
No support even when people buy.
probably because everyone on this board might call
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Press Release Source: Pink Sheets
Pink Sheets Introduces OTCQX -- A New Premium Listing Service for OTC Securities
Thursday March 16, 9:00 am ET
Designed to Meet the Particular Needs of Smaller Public Companies and Foreign Stock Exchange-Listed Companies in a Post-Sarbanes-Oxley Environment
NEW YORK, NY--(MARKET WIRE)--Mar 16, 2006 -- Pink Sheets, LLC today announced the introduction of OTCQX(SM), a new tiered listing service that offers a premier trading, quotation and disclosure venue for over-the-counter (OTC) securities in the US markets. The OTCQX premium service provides issuers with an efficient and robust platform to list their securities and access secondary market liquidity. It also offers OTC investors a select list of quality-oriented domestic and foreign stocks that provide regular financial disclosure.
OTCQX is designed to meet the needs of a diverse group of issuers including:
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looking for a reporting mechanism more customized to their needs, while
continuing to provide secondary market liquidity and transparency to their
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operations for an exchange listing but wish to offer enhanced liquidity to
current investors; and
-- Foreign exchange-listed companies seeking access to the deep pools of
institutional and retail liquidity in the US equity markets, while using
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The increased costs associated with Sarbanes-Oxley compliance are motivating many smaller and growth-oriented companies to reconsider the viability of listing on traditional exchanges. "OTCQX will provide a compelling alternative for those companies that wish to provide their shareholders with the liquidity and transparent disclosure of a premier OTC listing, but in a more flexible regulatory environment that is suitable to the needs of smaller and foreign issuers," said Cromwell Coulson, president and CEO of Pink Sheets LLC. "OTCQX also effectively raises the overall standard of OTC securities as a viable investment vehicle by enhancing the quantity and quality of disclosure they provide to investors.
The OTCQX trading platform will feature two distinct tiers, PremierQX(SM) and PrimeQX(SM), designed to showcase solid operating companies with audited financials that can meet certain minimum requirements and provide ongoing disclosure.
PremierQX, the highest tier, identifies issuers that are of the size and quality to be listed on a National Stock Exchange, hold annual shareholders' meetings, and that have a minimum bid price of $1;
PrimeQX identifies those issuers that are operating companies with audited financials, but not of sufficient size to be on PremierQX.
Every OTCQX-listed company must also have a Designated Advisor for Disclosure ("DAD") to assist them in providing adequate current information and advise the issuer on meeting the requirements for inclusion in the tier. The DAD, modeled after the highly successful Nominated Advisor (NOMAD) of the London Stock Exchange's AIM market, relies upon the securities attorneys and investment bankers who normally serve as the primary capital markets advisors to OTC companies.
The DAD requirement introduces to U.S. investors the protections of a professional "gatekeeper" for secondary market disclosure. The DAD for an OTCQX-listed company will be required to participate in the preparation of the company's disclosure statements and prevent issuers with inadequate or questionable disclosure from joining OTCQX. This third party independent review by securities market professionals should enhance investor confidence in OTCQX-listed securities.
Every OTCQX-listed company will be required to meet defined standards, including:
-- Ongoing quarterly and annual financial reports posted on OTCQX.com, a
premier web disclosure portal for qualifying OTC securities
-- Interim material event disclosure of any information that may affect
the share price
-- Annual audit
-- Management disclosure and annual management certification
-- 100 round lot shareholders
-- Ongoing operations (no shells, blank check, or special purpose
acquisition companies)
-- Inclusion in the S&P or Mergent Manual, which satisfies the Blue Sky
requirements for secondary transactions in many states
"By limiting OTCQX to operating companies with audited financials and professional advice, we believe the OTCQX premium tiers will provide a substantially better home for smaller companies that are currently considering listing on the AIM or OTC Bulletin Board," commented Coulson. "Foreign exchange-listed issuers will also find substantial advantages through our expedited disclosure process. The US equity markets remain the broadest and deepest in the world, and OTCQX leverages the Pink Sheets' scalable quotation and trading platform that is used for all OTC stocks with nearly 200 participating broker-dealers."
Currently there are nearly 5,000 OTC securities quoted in Pink Sheets including Mercury Interactive Corp. (Other OTC:MERQ.PK - News), Nestle SA (Other OTC:NSRGY.PK - News), Heineken NV (Other OTC:HINKY.PK - News), Lukoil (Other OTC:LUKOY.PK - News), Vivendi Universal SA (Other OTC:VVDUF.PK - News) and Volkswagen AG (Other OTC:VLKAY.PK - News).
As part of the listing, OTCQX issuers will be provided with a comprehensive suite of complimentary services and access to an array of data products, research resources and Investor Relations and Public Relations capabilities. This includes: the Pink Sheets News Service for publishing financial reports and news releases, real-time Level II quotes available free to the public, and a subscription to OTCQuote.com, a web-based service providing real-time and historical quote information for all Pink Sheets stocks.
About OTCQX
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EVERYBODY HAS ONE
You are correct! I did write please reply (that's common for myself) and DMXP-maybe they will know shortly if they found any diamonds. Keep your eyes on it.
I knew you would look at my profile before you replied. It's not about who I am, its about financing, filings,money saved and appreciation.
Form 15, filed because of filings, and money.
The securities that you own will trade here and there as long as you and others have a market for those securities. So, you worry about the mad rush to the sidelines and the IPO.
I'll wait on the symbol being officially changed and the investment bankers finding 60 + million.
The only thing left here to do, is wait and see!
thank you and this is just a possibility.
smile
..
yes your right again, as most are here
then maybe you should sell all your shares; if you own any, right now, so you can beat the rush!
possibility!
EOM
Sorry,
We will trade under the new symbol. PERIOD. No massive selling. New symbol; no ipo; NEW SYMBOL!!!Where do you all come up with these ideas? We may have more access to institutional FINANCIAL investments; YES!
priming them up to get rid of their shares. From the post here; I would short this stock if i could. You all would be all i needed to make the this stock one of my selections.
This board should be named "THE FAR-SIDE". Some of your solutions (ideas) just don't make any sense.
Over 40 Russian Companies Plan IPOs for 2006-2007 — Expert
Created: 11.09.2006 17:34 MSK (GMT +3), Updated: 17:34 MSK
MosNews
More than 40 Russian companies are planning to conduct initial public offers of their shares in 2006-2007, Ruben Vardanyan, chairman of the board of Troika Dialog investment group, said on Monday, Sept. 11. Vardanyan was speaking at investment forum in Kazan, capital of Russian republic of Tatarstan.
The expert said that over a dozen Russian companies floated their shares for the first time in 2004-2005, increasing the country’s stock market capitalization from $200 billion in 2004 to $700 billion in 2006.
Mobile TeleSystems (MTS), the largest mobile phone operator in Russia and Eastern Europe, completed its IPO in 2000 and has been floating its shares on the Russian stock market since 2003. But the real boom on the IPO market began in 2004, with IPOs conducted by Mechel steel group and Sedmoi Continent, Russia’s biggest retailer.
State-owned Rosneft Oil Company held the largest IPO in Russia’s corporate history, and the world’s fifth biggest, this summer. The state-owned crude producer made a $10.4 billion debut on trading floors in the Russian and British capitals.
“In 2006-2007, we are expecting more than 40 IPOs,” Vardanyan told the forum of investors.
A number of major Russian companies, including truck maker Kamaz, steelmaker Severstal, independent natural gas producer Itera and the capital’s electricity producer, Mosenergo, recently said they were considering IPO plans.
Unified Energy System, Russia’s power grid monopoly, hopes to raise $4-6.7 billion during an initial public offering of its five generating companies that will be held in November 2006-July 2007, the company’s chief executive, Anatoly Chubais, said in July.
Vardanyan said leading investment banks are forecasting a 10-fold growth in Russian GDP by 2050 (from 2005), making Russia one of the top 10 countries with the highest investment attractiveness.
“Russia is in second place after China on the list of countries where foreign investors would like to open representative offices,” he said, quoted by RIA Novosti.
Bio Tracking security files
I'm guessing this will change to NWOG securities files 10k,etc. after the changes occur.
NDOL -- Nord Oil International, Inc.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Nord Oil International Hires Investment Banker and Begins AIM Listing Process
Sep 13 2006 12:11PM ET
BIO TRACKING SECURITY INC files Form 15-12G, Termination of Registration of a Class of Security