Avitar, Inc. (AVTI)

[k_trader]

Microcap Initiative - Amendments to NASD Rules 6530 and 6540

NASDR has filed with the SEC a proposed rule change that would amend NASD Rules 6530 and 6540 to limit quotations on the OTC Bulletin Board® to the securities of issuers that are current in their reports filed with the SEC or other regulatory authority, and to prohibit a member from quoting a security on the OTCBB unless the issuer has made current filings, respectively.

http://www.finra.org/Industry/Regulation/RuleFilings/1998/p001301

OTCBB Eligibility Status Report as of Nov 18, 2010

Each trading day, FINRA publishes a list of OTCBB issuers that are repeatedly late or otherwise delinquent in filing required reports and, thus, subject to ineligibility pursuant to FINRA Rule 6530(e).* Specifically, the list identifies OTCBB issuers that have either been delinquent in filing required annual and quarterly filings at least two times in the prior two-year period and those issuers that have been removed for failure to file an annual or quarterly filing at least once in the prior two year period.

Further information regarding NASD Rule 6530(e) can be viewed on the website at:
http://www.otcbb.com/faqs/otcbb_faq.stm

http://www.otcbb.com/DailyListContent/delistings/OTCBB_Eligibility_Status_Report.pdf

List of OTCBB Filing Delinquent Companies as of Nov 18, 2010

Each trading day, FINRA publishes a list of companies that it believes are non-compliant with FINRA Rule 6530 (the “Eligibility Rule”). A company is generally added to this list on the date that the symbol is appended with an “E” modifier. This is generally two business days after notification is published on the OTCBB Daily List. A security is removed from this list one business day after FINRA determines that it is eligible for quotation, or the security is no longer quoted on the OTCBB.

The Eligibility Rule and a list of frequently asked questions concerning monitoring and enforcement of this Rule can be viewed on the OTCBB website at: http://www.otcbb.com/faqs/otcbb_faq.stm

http://www.otcbb.com/DailyListContent/delistings/OTCBBDelOpenReport.pdf