Friday, July 30, 2010 11:09:43 AM
Please STOP dreaming of VEGA moving to a "major exchange"
FACTS:
All Major Exchanges including OTCBB require among other things:
Audited Financials
SEC Form 10 filed and accepted
Vega Promotional or Biofuel has NEVER filed anything with the SEC
Find me a single Vega SEC filing!!!
SEC Company Search Page:
http://www.sec.gov/edgar/searchedgar/companysearch.html
Q1 2010 Results are UNAUDITED
READ THE REQUIREMENT BELOW - THESE ARE FACTS
http://www.otcbb.com/faqs/otcbb_faq.stm
What are the eligibility requirements for the OTCBB?
In order for a security to be eligible for quotation by a market maker on the OTCBB, the security must be registered with the Securities and Exchange Commission (SEC) or other federal regulatory authority that has proper jurisdiction (see below) and the issuer must be current in its required filings with such federal authority.
Domestic issues quoted on the OTCBB are limited to the following securities:
securities of issuers that make current filings pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ("Act");
securities of depository institutions that are not required to make filings under the Act, but file publicly available reports with their appropriate regulatory authorities;
securities of registered closed-end investment companies; and
securities of insurance companies that are exempt from registration under Section 12(g)(2)(G) of the Act.
Foreign issues and ADRs must be registered with the Securities & Exchange Commission (SEC) pursuant to Section 12 of the Securities Exchange Act of 1934.
See Filing Information for more information on filing requirements and how FINRA processes OTCBB issuers' filings.
Filing Information
What are the filing requirements for being on the OTCBB?
Issuers of all securities quoted on the OTCBB are subject to periodic reporting of financial information to the SEC, banking, or insurance regulators. Issuers who file with the SEC via EDGAR are not required to submit hard copy filings with the OTCBB or FINRA. However, the OTCBB must receive hard copy filings for issuers which do not file via EDGAR or those which file with other regulatory agencies. For information on how to submit hardcopy filings to the OTCBB, click here.
Are OTCBB company auditors required to be registered with the Public Company Accounting Oversight Board (PCAOB)?
Effective October 22, 2003, auditors of all domestic public companies must be registered with PCAOB. As specified in Section 102 of the Sarbanes-Oxley Act, it is unlawful for an auditor of a public company to issue an audit opinion if they are not registered with PCAOB. Filings with audit opinions of an unregistered PCAOB auditor are considered to be incomplete and not in compliance with Rule 6530.
http://www.otcbb.com/faqs/otcbb_faq.stm#filing
FACTS:
All Major Exchanges including OTCBB require among other things:
Audited Financials
SEC Form 10 filed and accepted
Vega Promotional or Biofuel has NEVER filed anything with the SEC
Find me a single Vega SEC filing!!!
SEC Company Search Page:
http://www.sec.gov/edgar/searchedgar/companysearch.html
Q1 2010 Results are UNAUDITED
READ THE REQUIREMENT BELOW - THESE ARE FACTS
http://www.otcbb.com/faqs/otcbb_faq.stm
What are the eligibility requirements for the OTCBB?
In order for a security to be eligible for quotation by a market maker on the OTCBB, the security must be registered with the Securities and Exchange Commission (SEC) or other federal regulatory authority that has proper jurisdiction (see below) and the issuer must be current in its required filings with such federal authority.
Domestic issues quoted on the OTCBB are limited to the following securities:
securities of issuers that make current filings pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ("Act");
securities of depository institutions that are not required to make filings under the Act, but file publicly available reports with their appropriate regulatory authorities;
securities of registered closed-end investment companies; and
securities of insurance companies that are exempt from registration under Section 12(g)(2)(G) of the Act.
Foreign issues and ADRs must be registered with the Securities & Exchange Commission (SEC) pursuant to Section 12 of the Securities Exchange Act of 1934.
See Filing Information for more information on filing requirements and how FINRA processes OTCBB issuers' filings.
Filing Information
What are the filing requirements for being on the OTCBB?
Issuers of all securities quoted on the OTCBB are subject to periodic reporting of financial information to the SEC, banking, or insurance regulators. Issuers who file with the SEC via EDGAR are not required to submit hard copy filings with the OTCBB or FINRA. However, the OTCBB must receive hard copy filings for issuers which do not file via EDGAR or those which file with other regulatory agencies. For information on how to submit hardcopy filings to the OTCBB, click here.
Are OTCBB company auditors required to be registered with the Public Company Accounting Oversight Board (PCAOB)?
Effective October 22, 2003, auditors of all domestic public companies must be registered with PCAOB. As specified in Section 102 of the Sarbanes-Oxley Act, it is unlawful for an auditor of a public company to issue an audit opinion if they are not registered with PCAOB. Filings with audit opinions of an unregistered PCAOB auditor are considered to be incomplete and not in compliance with Rule 6530.
http://www.otcbb.com/faqs/otcbb_faq.stm#filing
