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Re: A deleted message

Wednesday, 06/16/2004 11:46:10 PM

Wednesday, June 16, 2004 11:46:10 PM

Post# of 358440
That's pretty weird, that they would file a 15c2-11 on behalf of the company. Normally Market Makers file Form 211's not the company or their law firm.

Also they must first catch up all their filings before Form 211 and/or 15c2-11 will be considered.

http://www.otcbb.com/aboutotcbb/howtoquote.stm

The OTCBB operates as a dealer system. As a result, all securities being quoted on the OTCBB must be sponsored by a participating Market Maker that registers the security by completing a Form 211 unless an exemption applies. The Market Maker must submit a Form 211 to the NASD OTC Compliance Unit along with two copies of the required issuer information no less than three business days prior to publication of a quote on the OTC Bulletin Board. Once cleared, Nasdaq Market Data Integrity will notify the Market Maker that it has been registered in the security and may enter a quote.

Ineligible Securities
Every OTC security not currently quoted on the OTC Bulletin Board is considered "ineligible" until a Market Maker submits a Form 211 or a 15c2-11 Exemption Form. After clearance, the security is granted "eligible" status

Before an issue can be quoted on the OTC Bulletin Board® (OTCBB), a Market Maker must first determine if it is already listed on a U.S. national exchange or market. If the issue is listed on a national exchange or market, it may not be quoted on the OTCBB. Market Makers should also check to see if the issue is on the National Quotation Bureau's Pink Sheets. If it is on the Pink Sheets, then, to quote on the OTCBB, the Market Maker quoting the issue may file an exemption to the 15c2-11 rather than a full Form 211; non-Market Makers must file a Form 211.






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