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Monday, 07/11/2005 4:28:44 PM

Monday, July 11, 2005 4:28:44 PM

Post# of 82595
Info on Symbol Change from Investopedia:

Question: My stock's ticker symbol recently changed, why is this?

Tickers of publicly traded companies generally only change for one of four reasons:

1. The company has merged with another company.
2. The company had a name change.
3. The company has been de-listed (indicated by symbols such as .PK, .OB or .OTCBB).
4. The company has filed financial statements late or even gone bankrupt.

When a ticker symbol changes because of a merger, the company being acquired usually gives up its ticker symbol in favor of the acquirer's symbol. Corporate actions such as mergers can often be positive for a company, especially if the company is taken over for a premium over the share price.

Sometimes, a ticker symbol changes because the company has changed its name. For example, when AOL Time Warner dropped the AOL and became simply Time Warner, it changed its symbol from AOL to TWX. A company name change generally doesn't mean much, though you might interpret it as positive if it reflects a positive change in the company's overall strategy.

If your ticker symbol has had letters added to it such as .PK, .OB or .OTCBB, this means the stock has been de-listed and is no longer trading on the exchange on which you purchased it, but rather on the less liquid and more volatile over-the-counter market. More specifically, a .PK indicates that your stock is now trading on the pink sheets, while an .OB suffix or .OTCBB prefix represents the over-the-counter bulletin board. A stock that has been de-listed is like a baseball player who has been sent from the major leagues to the minor leagues. For some reason, the stock is no longer worthy of trading on a major exchange, such as the NYSE or Nasdaq, probably because it failed to maintain the exchange's requirements. (To see these requirements, see our Ask Us on this topic.)

You may have also noticed that Nasdaq-listed securities have four or five characters, and wondered why that is. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock (see the list below). This fifth character often communicates a piece of information, and it can also mean something is wrong with the company. For example, if a "Q" has been added, this means a company is in bankruptcy proceedings, and "E" means the company is late in its SEC filings. Below is a complete list of fifth symbols on the Nasdaq and what they mean:

A - Class A
B - Class B
C - Issuer qualifications exceptions
D - New
E - Delinquent in required filings with the SEC
F - Foreign
G - First convertible bond
H - Second convertible bond
I - Third convertible bond
J - Voting
K - Nonvoting
L - Miscellaneous situations, such as depositary receipts, stubs, additional warrants and units
M - Fourth class of preferred shares
N - Third class preferred of preferred shares
O - Second class preferred of preferred shares
P - First class preferred of preferred shares
Q - Bankruptcy proceedings
R - Rights
S - Shares of beneficial interest
T - With warrants or with rights
U - Units
V – When issued and when distributed
W - Warrants
X - Mutual Fund
Y - ADR (American Depositary Receipt)
Z - Miscellaneous situations, such as depositary receipts, stubs, additional warrants and units

http://www.investopedia.com/ask/answers/04/022004.asp

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Of course understand that the above answer is just someone's opinion that does not reference law and please note that "his answer" starts with..."generally"...

So...many exceptions to the rule could be lurking around and laughing in the shadows while we have fun speculating...lol!

Since there has been no E added on DNAP for late filing plus no SEC filings on #4 (at least not today)...

and #3 should be answered tomorrow with the official OTCBB symbol listing change.

That leaves #1 and #2...?

Hopefully we will find out soon.