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Re: needdiamonds post# 273915

Thursday, 12/13/2007 2:30:30 AM

Thursday, December 13, 2007 2:30:30 AM

Post# of 279080
Gray sheets do not have MMs on it. This stock has MMs. anyother story you have to post?

needdiamonds, you are wrong again. My suggestion to you is that you might do some DD before attempting to dismiss factual posts. A company that trades on the pink sheets without the filing of a 15c2-11 application is known as a "Grey Sheet". CPPC has not filed a 15c211 application and is using TMM's 15c211 app from 2000,

http://web.archive.org/web/20010306120136/www.qbid.net/15c211.htm ,

and ITHC's CIK# from 1997.

http://www.pinksheetsotc.com/common_questions.htm

A 15c2-11 is an application to trade on the over the counter markets. The same application is used to apply to trade on the pink sheets and the bulletin board. The 15c2-11 application is filed by a market maker on behalf of an issuer. Although the application is relatively short and simple, the market maker is required to provide numerous exhibits, including financial statements, shareholder lists and officer and director questionnaires. Market makers are prohibited from charging a fee for the filing of the application, and accordingly, the Company's counsel usually assists in completing the application and its exhibits.

Upon approval of the 15c2-11 application a market maker is allowed to "make a market" in a security including soliciting buy and sell orders. A stock is not prohibited from trading on the pink sheet exchange prior to the filing of a 15c2-11 application, however any such trading must be unsolicited. A Company that trades on the pink sheets without the filing of a 15c2-11 application has become known as a Grey Sheet.

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