Hey, this should be problem fixed.
:: NEWS RELEASE
FOR IMMEDIATE RELEASE:
Pink Sheets Announces Adjustment to the Quote Increment Pilot Program
New York, NY, June 15, 2006 -- Pink Sheets' quote increment pilot program, announced February 1, 2006, is being further revised effective June 16, 2006.
Pink Sheets has adjusted the tier increments for securities with symbols beginning with the letters A through D based on feedback from the marketplace regarding the pilot study. The revised tiers are as follows:
For quote prices above $1, a quote tick size of 0.01
For quote prices at or below $1 but above $.10, a quote tick size of 0.005
For quote prices at or below $.10 but above $0.005 (previously $0.001), a quote tick size of 0.0005
For quote prices at or below $0.005 (previously $0.001), a quote tick size of 0.0001
Professors Christie and Bollen of the Vanderbilt University’s Owen Graduate School of Management will continue to study data generated by the pilot program to evaluate the effect of the modified tier sizes on the marketplace. If we determine that these tier sizes are appropriate for the OTC market, we will apply them to remaining securities quoted on Pink Sheets.
About Pink Sheets, LLC
Pink Sheets, LLC is the leading provider of pricing and financial information for the over-the-counter (OTC) securities markets. Its centralized information network includes services designed to benefit market makers, issuers, brokers and OTC investors. Pink Sheets information enhances the efficiency of OTC trading, provides better executions for OTC investors and improves the capital formation process for OTC issuers. For more information visit the Pink Sheets website at www.pinksheets.com
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