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Re: ralph3 post# 1416

Sunday, 10/26/2003 9:37:04 PM

Sunday, October 26, 2003 9:37:04 PM

Post# of 29858
ralph- How can NSDM be on the OTCBB by Jan 1?

To be listed, they must file their annual report, no? An annual report must include audited financials and as such take time to prepare properly. If the fiscal year for NSDM ends on Dec 31, then it's not likely they can file their annual report, secure a Form 211 from at least one marketmaker and have it approved by NASD by the first week of the new year. Most companies whose fiscal and calendar years coincide file their annual reports as required 90 days after the end of the period.

If the fiscal year for NSDM ends earlier, and the filing of a 10KSB is done in December, then you're top-of-the-year prediction is more reasonable. Once filings are brought current, the actual listing process isn't lengthy.