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Re: janice shell post# 87411

Wednesday, 02/25/2009 6:53:41 PM

Wednesday, February 25, 2009 6:53:41 PM

Post# of 192567
Even if it does meet that criteria it doesn't need to report financials to the SEC as long as it stays on pinksheets. It has to trade on one of the SEC recognized exchanges for that threshold to trigger.

-Dave-

National Securities Exchanges
A "national securities exchange" is a securities exchange that has registered with the SEC under Section 6 of the Securities Exchange Act of 1934.

There are currently ten securities exchanges registered with the SEC as national securities exchanges:

American Stock Exchange
Boston Stock Exchange
Chicago Board Options Exchange
Chicago Stock Exchange
International Securities Exchange
National Stock Exchange (formerly the Cincinnati Stock Exchange)
The Nasdaq Stock Market LLC
New York Stock Exchange
NYSE Arca (formerly known as the Pacific Exchange)
Philadelphia Stock Exchange

http://www.sec.gov/answers/exchanges.htm

Pink OTC Markets Inc. is not registered with the SEC in any way and it is not the Financial Industry Regulatory Authority (FINRA) Broker-Dealer. Pink OTC Markets Inc. does not require companies whose securities are quoted upon its systems to meet any listing requirements.

http://www.sec.gov/answers/pink.htm