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Friday, August 11, 2006 9:51:26 PM
http://sec.gov/Archives/edgar/data/1320734/000126493105000582/formsb-2.htm
Pinks still have to file for the insider and institutional trades. Yes, I believe it is more lax in the pinks, but it is tightening up as of late; ie; short reporting. I think the finances are not audited as diligently, so many aren't " formally audited or reporting as they would be required to do for uplisting. It's definitely the riskier pinks....
The failure to uplist is complex, as HISC was to merge with Actsoft and uplist, but the deal queered, and the EVSI dividend was postponed twice, and the BOD's had a shakeup and a new direction announced by Wicks. No one know the real inside reasons for all that merger, acquisition, shell business, but the Bod's moves since then seem to be better thought out. Let's hope so......
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