El Alacran Gold Mine Corp (fka EAGM)

[wallymac]

Posted by: jurisper
In reply to: jurisper who wrote msg# 83695 Date:8/1/2007 8:13:11 AM
Post #of 83760

Fun figures ...

239 pinkies get the skull-and-cross bones ("run away")

3,544 get that or the stop sign ("no info")

506 get the yield sign ("limited info").

Just 911 get the "current info" icon.



Looks like the overwhelming majority of Pink Sheet stock's are a stop sign. Think it will really effect people trading?

I doubt it. If news comes out and the stock starts running people will jump in. Call it human nature or greed.

I actually did a little DD on this new Pink Sheet rating system and it really seems that it is more about getting $700 a pop from the companies in order for them to get a better rating.

From Pink Sheets

In order to comply with this disclosure policy, the issuer will need to do the following:

1) To make a company's information publicly available, you will need to subscribe to the Pink Sheets News Service. You can find information about this service and the Issuer Service Subscription Agreement online here: http://www.pinksheets.com/products/news_service.jsp.
Print the Issuer Services Subscription Agreement available at: http://www.pinksheets.com/products/issuerservices_agreement.pdf.
Complete the agreement and return it by fax to 212-868-3828. The Service you want to select is on page one and is called “Pink Sheets News Service – Financial Reports & News Release Posting”. There is a one-time account verification fee of $199.95 and an annual subscription fee of $499.95. These fees must be paid by credit card at the time service is requested. Subscribers will have access to post News Releases, but will not be charged for this service ($99.95 per news release) unless it is used.
Mail the original, signed copy so we may countersign and return the document to you for your records.
Pink Sheets will create a News Service account and send the issuer an email which includes the User ID, password and instructions for posting the company’s disclosure documents. It generally takes a day or two to set up a user account and notify the issuer by email.