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Re: j-trade post# 1445

Tuesday, 07/07/2009 2:31:15 PM

Tuesday, July 07, 2009 2:31:15 PM

Post# of 27507
How to get listed for trading on the NASDAQ OTC bulletin board. I think this might be the delay. In my opinion I think vtpi might be trying to move up into the nasdaq. Could be the delay.If your company has been around for a number of years, and has accumulated scores or hundreds of shareholders through periodic private sales of stock, there is a good chance you can get listed without having to do a public offering or file a U.S. Securities Exchange Act registration. That’s because Rule 144 under the Exchange Act permits unrestricted resales of securities under certain circumstances, provided that the securities have been held by an investor (not an affiliate or underwriter) for at least a year (two is better). For seasoned companies, Rule 144 can provide the "public float" you need to qualify for listing. If you think your company may qualify, you should explore this option with a corporate finance specialist http://www.gopublicusa.com/nasdaq.htm GNTA was going to do a r/split but had problems. http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D09%2D035045%2Etxt&FilePath=%5C2009%5C06%5C30%5C&CoName=GENTA+INC+DE%2F&FormType=8%2DK&RcvdDate=6%2F30%2F2009&pdf= but they dont specify the problem.