Rue-how about the pinksheet definition:
LFWK -- Loftwerks, Inc.
Com ($0.001)
Primary Venue: Pink Sheets
Quote Status: Unsolicited
This security has only been quoted on the Pink Sheets on an unsolicited basis since it initiated trading in the public OTC markets. Pink Sheets has not received notice of the NASD clearing a market maker to publish their proprietary quotations in this security or the issuer registering to the SEC as a reporting issuer under the Securities Act. As such, adequate current information may not be publicly available for this issuer. Pink Sheets believes adequate current information should be publicly available when a security first enters public markets and that current financial information should continue to be provided on a quarterly basis. Pink Sheets has discontinued the display of quotes on pinksheets.com for this security until such information is made available by the issuer. Investors are encouraged to use care and due diligence in their investment decisions.
Unsolicited Quote
An unsolicited quote is one which represents an "Unsolicited Customer Order". Publishing unsolicited quotes allows a broker/dealer to meet an exception to Rule 15c2-11, which requires a broker to have in its possession current information, including financial information, about the issuer of the securities . To avail itself of this exception to SEC Rule 15c2-11, an NASD member firm must ensure that the quotation published or submitted: (1) is solely on behalf of a customer; (2) represents the customer's indication of interest; and (3) does not involve the solicitation of the customer's interest.
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