Shell Stocks & Reverse Mergers

[WIDESPREAD PANIC]

Question, anyone else like the recent news about FINRA/SEC getting ride of over 51,000 inactive shells, IMO it could make the shell hunt tough or it might make it easier with less trash to sort through, time will tell!

I actually think the the SEC/FINRA move will be good for the shell hunters, its just a waiting game, once they have cleaned them out then we will see whats left and should be able to ascertain which ones have recent activity and potential for RM developments!

The shell game is about to be revived and no more playing the crazy IRP P & D's for me!!

May 29, 2009 On Thursday, May 28, 2009, FINRA published a general notice addressing the deletion of approximately 51,000 inactive, suspended or expired OTC Equity securities from the OTC Reporting Facility (“ORF”). Based on member firm and industry feedback relating to the bulk deletion, FINRA is postponing the deletion effective date until Friday, July 31, 2009.

To assist member firms and other industry participants in this undertaking, FINRA is providing a list of the OTC Equity securities identified for deletion in a pipe-delimited text file. The file can be found on the Secure FTP site, ftp://ftp.otcbb.com/symboldirectory/, entitled, OTC Equities Deletions 05292009.txt, that conforms to the Daily List file format. Please note that this list is for securities identified as of Friday, May 29, 2009 and is subject to change. FINRA will continue to publish security additions, deletions and modifications via the OTC Daily Lists.