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Re: Toxic Avenger post# 1281

Wednesday, 06/22/2011 12:32:12 AM

Wednesday, June 22, 2011 12:32:12 AM

Post# of 2470
I am going to have to disagree with you there.

MMs don't trade these little guys, they simply execute orders.



http://www.otcbb.com/faqs/otcbb_faq.stm

#14) How many market makers are required for a security to be on the OTCBB?

A minimum of one market maker is needed. Instructions on how to get a list of market makers are above.


#18) How does a company get on the OTCBB?
An issuer may not submit an application directly to be quoted on the OTCBB. A market maker must sponsor the security and demonstrate compliance with SEC Rule 15c2-11 before it can initiate a quote in a specific security on the OTCBB. Please visit our How To Quote Securities page in Market Maker Services for detailed information on quoting a security on the OTCBB.

#19) How does a security delisted from NASDAQ or another exchange get on the OTCBB?
For a security being delisted from NASDAQ, NYSE, or AMEX, a Market Maker must file a Form 211.

#20) # When can a company be "delisted" or removed from the OTCBB?
OTCBB issuers that become delinquent in their required regulatory filings will have their securities removed from the OTC Bulletin Board. Further, all OTCBB issues must maintain at least one registered Market Maker to remain on the OTCBB. When the last Market Maker in a security withdraws from the stock, the issue is removed from the OTCBB after 4 days pursuant to Rule 15c2-11. An issuer cannot voluntarily withdraw from the OTCBB; only a market maker can voluntarily withdraw its quote from the OTCBB. If an OTCBB security becomes listed on NASDAQ or another exchange, it will no longer be eligible and will be removed from the OTCBB.




Ambition with out knowledge is like ship in dry dock. Going nowhere fast!