Saturday, January 19, 2013 3:34:42 PM
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9023829
I found these articles to be interesting. Yes its mad old but interesting.
http://www.rgm.com/articles/ft7.html
"The Berlin-Bremen Stock Exchange is being used to circumvent new US regulations aimed at barring a form of share price manipulation, according to several small US companies which have suddenly found their shares listed on it.
The companies say that not only did they not seek a listing on the regional German stock exchange, they neither agreed to, nor were they informed of, the listing.
Moreover, the companies said that when they asked the Berlin exchange to de-list their shares, it refused, saying that only the broker who requested the listing in the first place could remove them.
In recent weeks, shares in several of the companies have fallen sharply as investors apparently dumped shares in what executives say is an abuse of trading rules."
http://www.prnewswire.com/news-releases/amarantus-biosciences-demands-cessation-of-unauthorized-listing-on-berlin-bremen-stock-exchange-180835621.html
"Unfortunately, the Berlin Stock Exchange allows any broker or shareholder to list a security; there is no need for company approval. Hence, the activity surrounding such listings is suspect and may be having a negative impact on trading activity on the Company's United States listing," said Sunny J. Barkats, Founding partner of JS Barkats.
PR Newswire (http://s.tt/1uQew)
And apparently there is a Firm dedicated to helping companies de list from there.
http://www.hirshfieldlaw.com/practice/delisting.php
Just interesting to read about this. I never new this actually took place.
$AMBS is probably the most transparent OTC stock I have ever traded. And its only getting better. I hope by them taking action on this matter will clear the way for bigger things to happen for the company.
Go $AMBS :D
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