InvestorsHub Logo
Followers 278
Posts 12043
Boards Moderated 10
Alias Born 02/09/2003

Re: Diogenes of Sinope post# 1491

Wednesday, 09/08/2010 5:56:07 PM

Wednesday, September 08, 2010 5:56:07 PM

Post# of 10165
Unfortunately Lovatt did not give an answer to your question in which you asked about the "unregistered status on the OTCBB market." It seems your question might not have been correct or specific enough.

CLDR is a Pink Sheet stock which has no firms (i.e. Market Makers) making a market in the stock. The company has never had any affiliation or "registration" with the OTCBB market. Your question made no sense as CLDR has never been affiliatied with the OTCBB.

CLDR is currently in the "Limited Information/Yield" tier on Pink Sheets. There is also a publicly posted warning by Pink Sheets regarding the fact that no firms make a market in the stock (i.e. it has no market makers quoting the stock).

The following quote shows the reference:

When CLDR says it intends to become "fully reporting," it seems to mean that it will fully report to Pink Sheets, not the SEC as is required to become quoted by the OTCBB.

Another quote:

Review the specific statements made:

Our aim is to become fully reporting as soon as we can – indeed we did not want to go to limited information status. The reason I have held back thus far is that we have an issue with our previous IR company and we are about to become clear of that. I would expect to be back to fully reporting by the end of the month. That is my hope anyway. We have had to carefully draft an Information statement that covers everything that the previous IR company did so we fully disclose to the markets.

~Cassandra



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.