Charlestowne Premium Beverages Inc. (FPWM)

[otterman]

A word about CMKX. Begining tomorrow, Pink Sheets is cracking down on companies that dont make any attempt to report to them. Here's a couple of comments from another board I follow. Not sure if this will help or not in our fight. I believe PTI is listed at a higher market than this affects. Otterman.
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It means that starting Feb 16/05 if all pinkees that are quoted unsolicited haven't made adequate current information regarding their company available to the investing public via the Pink Sheets News Service, then Pink Sheets, LLC will no longer display quotes.

Pink Sheets believes adequate current information must be publicly available when an issuer's securities are traded in the OTC secondary markets under the following circumstances:

At the time of initial quotation in public markets;

At any time corporate insiders or other affiliates of the issuer are offering, buying or selling the issuer's securities in the OTC market;

During any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market; or

At the time securities initially sold in a private placement become freely tradeable in the OTC market.

If any of the four above situations are occurring, issuers subject to Section 13 or 15(d) of the Securities Exchange Act of 1934 must be current in their reporting obligations to the SEC. If an issuer is not required to be SEC reporting, we provide the Pink Sheets News Service for those non-SEC reporting issuers to make their information publicly available.
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All they have to do is report unaudited financials to the Pink Sheets News Service...and they don't even have to be SOX compliant...it's a step ahead, but in my opinion, not a serious step and it precludes any stocks that have previously been quoted on the OTC BB, apparently no matter how silent they are now....making it a bit of a joke.


As far as I can tell it does still effect XXXX, but not one's like CMKX that were previously quoted OTC BB, but have since gone pink, gagged their T/A, issued hundreds of billions of shares and file nothing.

We'll know for sure on Wednesday.