OTC LISTING - 6 month rule
If GRSR filed to list on the OTC BB back in mid-Sept. 2006, then mid-march 2007 would equal 6 months. If that's the case GRSR can file with NASD demanding a decision, which they have 7 days to reply. All in all, this all means before end of March 2007 we will know, sweet.
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Nasd application compliance:
3) Failure to Serve Decision
If the Department fails to serve a decision within 180 days after the filing of an application or such later date as the Department and the Applicant have agreed in writing, the Applicant may file a written request with the NASD Board requesting that the NASD Board direct the Department to serve a decision. Within seven days after the filing of such a request, the NASD Board shall direct the Department to serve its written decision immediately or to show good cause for an extension of time. If the Department shows good cause for an extension of time, the NASD Board may extend the 180 day time limit by not more than 90 days.
