Phoenix Associates Land Syndicate (fka PBLSQ)

[VistaViewer]

airdale1, Hey, the OTCQX sounds great... on paper...

But I'll believe in it when I see tangible results. And I think that will take several filing cycles, like up to a year.

Just out of curiosity, who will determine the accuracy of the filings? Is it all based on "good faith" and assumed trust? And when the filers sign on the dotted line, is it under penalty of perjury?

Under Sarbanes-Oxley, the SEC actually does go over the filings and asks followup questions, requests supporting docs, issues subpoenas, holds private sessions with the filers, etc. And if it doesn't wash they halt the trading immediately.

Will the OTCQX have the same enforcement capability? Or is it moostly advisory in scope?

It sounds more like "handicapping" than regulation. If true, then Sarbox and OTCQX can't really be compared as they have different goals and are substantially different in protocol. It is basicly a poor substitute and offers no protection for investors.

Let's get off this move-to-OTC-Exchange issue. I don't care if they move to Nasdaq, Amex, or the Iraqi Exchange, as long as they get off of the pink sheets.

But whatever they do, as long as it moves the PPS upward I suppose that's all that really matters.

Have a Good Evening.

VV