Daleco Resources Corp (fka DLOV)

[virgule]

See Daleco Resources Corp fiscal 2012 10K report item "Market Information" copied below. Daleco Resources Corp was removed from OTCBB on July 23, 2012 because it had "NO" Market Makers to "sponsor" Daleco being quoted on the OTCBB!

7/23/2012 DLOV Daleco Resources Corporation Common Stock 7/23/2012 Ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11

The stated and un-stated listing requirements for the FINRA OTC-BB are as follows:

fully reporting with the U.S. Securities and Exchange Commission,
minimum of 40 stockholders of record holding at least 100 shares each (note: this number is informal and has been moving up),
must have a market maker submit 15c2-11 (Form 211) application to FINRA and agree to act as market maker for securities of company.

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.
What are the fees for posting quotations on the OTCBB?
Market makers pay a fee for participating in the OTCBB of $6 per security per month.

Over-the-Counter Bulletin Board
Definition
Over the counter securities trade on a Bulletin Board offered by the National Association of Security Dealers. If the stock is on the bulletin board, it will have a ".ob" suffix.

================================
Market Information [[ FROM 10K REPORT FOR FISCAL PERIOD ENDING SEPT. 30, 2012 ]]:

The Company's Common Stock trades on the NASDAQ Over the Counter Market, Bulletin Board ("OTCQB"). The symbol for the Company's shares is DLOV. The following table shows the high and low closing bid prices as quoted on the OTCBB for the fiscal quarters indicated and the quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions. The Company’s fiscal year ends September 30.

2012 High Low
First Quarter $ 0.24 $ 0.09
Second Quarter $ 0.25 $ 0.13
Third Quarter $ 0.20 $ 0.11
Fourth Quarter $ 0.16 $ 0.09

2011 High Low
First Quarter $ 0.17 $ 0.13
Second Quarter $ 0.20 $ 0.12
Third Quarter $ 0.40 $ 0.17
Fourth Quarter $ 0.30 $ 0.09

Holders

Common Equity

As of September 30, 2012, the current outstanding amount of shares of common stock was 49,441,058 with approximately 2,000 holders of record (inclusive of brokerage house "street accounts").

[[ "NAKED SHORT SALES" OF 1995, 1996 & 1997 OF APPROXIMATELY 7,000,000 COMMON SHARES & COVERED FROM FEB. 28, 2000 TO AUG. 1, 2000 WHILE LISTED "ONLY" ON OVER THE COUNTER PINK SHEETS BY ADDING "TWO ZEROS" TO APPROXIMATELY 70,000 TOTAL ACTUAL TRADES. SO, FROM ABOVE APPROXIMATELY 2,000 HOLDERS OF RECORD, APPROXIMATELY 600 TO 750 HOLDERS OF RECORD SHOULD DISAPPEAR BECAUSE THESE HOLDERS WERE ACCOUNTS THAT WERE ESTABLISHED TO COVER THE NAKED SHORT SALES AND THE ADDITION OF TWO ZEROS. ]]

=================================

DALECO RESOURCES CP - BELOW COPIED FROM CORPORATION PROFILE ON OTCBB:


Market Maker List
Market Maker List
No Match Found
No match found for 'DLOV'