Cal-Bay International Inc (CBYI)

[analogdog]

15c-211 is required for an MM to list a stock. It is the disclosure of position, that is, the amount of stock sold and held by a market maker in a particular market, and the current share structure of a company.

If a broker chooses not to trade it, the MM they deal with does not want to disclose position.... likely they are short IMO.

S.E.C Rule 15c211

The basic concept behind designing Rule 15c211 was to provide fully reporting public companies an easy way to have their securities quoted on the National Association of Securities Dealers' Over-the-Counter Bulletin Board (NASD OTC/BB). A company intending to obtain a quotation for its securities has only to file in some simple disclosures through form 15c211, commonly known as form 211, with NASD, and once approved, it will be able to trade its stock on the OTC/BB.


This would be done again if they apply to the OTCBB. In honoring the disclosure from the company... that is.. declaring the share structure at the time of uplisting, the MM's who have to trade it, must disclose their positions as well.

Also ... if you own stock, your broker MUST trade it.. or at least allow you to sell. They just can't tell you.."oh well, you can't trade it."