lowtrade

[VivaLasVegas]

See the New Pink Sheet Regulations coming down the pipe?


FEB/15/08 - NEW PINKSHEET RULES No More Unrestricted Shares!!!
I just found this on another board but this legislation really ties the hands of companies to dump more and more shares onto the market instantly. This should help out tremendously.
Cheers

Viva
xxxxxxxxxxxxxxxxxxx

New rules for all non-reporting companies. Goes into effect Feb. 15th 2008. They will no longer be able to sell unrestricted shares, this is being done to try to stop pinkies from diluting. All shares sold will now be restricted for one year, so no more dumping shares on the market. This should have a big effect in the pink sheets as this is how most scams make money. It is also meant to encourage them to become reporting companies.

http://www.sec.gov/cgi-bin/txt-srch-sec?section=Entire+Website&text=145&sort=rank

Final Rule: Revisions to Rules 144 and 145
Conforming Version (To Conform to Release Published in the Federal Register) SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 230 and 239 [Release No. 33-8869; File No. S7-11-07] RIN 3235-AH13
Size: 206413 Modified: 12/13/2007 /rules/final/2007/33-8869.pdf