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CSykes

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CSykes

Re: funmaxus post# 800

Thursday, 03/05/2009 9:59:52 PM

Thursday, March 05, 2009 9:59:52 PM

Post# of 94785
NSS is not as prevalent since the recent rule changes.

http://www.sec.gov/news/press/2008/2008-204.htm

http://www.chadbourne.com/clientalerts/2007/144changes/

Also changes to rule 144, specifically rule 144.i, made it harder for non-reporting companies to issue unrestricted stock. The rule mainly deals with shell transactions. That is why you have not seen very many recent pinksheet reverse shell mergers.

The SEC is cleaning up the OTC.. slowly.. but surely.

If you invest or trade based on what you read on a message board, you need to quit investing or trading before you loose all your money

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