Replies to post #6633 on NewMarket Technology (fka NWMT)

[lasvegascowboy]

I don't know if the NYSE would require the London exchange to follow the same rules? But companies listed on the London exchange are not required to follow the same accounting rules as those listed on major U.S. exchanges- no Sarbanes-Oxley- and I don't think the NYSE could convince all the companies listed on the London exchange that the should go to the considerable expense that Sarbanes-Oxley costs. I read an article a couple of weeks ago that talked about all the American companies that were moving to the London exchange just to save the millions in accounting fees that Sarannes-Oxley was costing them. Also the London exchange at this time is easier and cheaper to get on than the major U.S. exchanges. NMKT could at this time probably get listed on the London exchange much easier and cheaper than a U.S. exchange and there is NO stigma with being on the London exchange. It is well regulated and has many highly successful companies listed. All I think it's an option for NMKT to look at that might be better than buying a shell company or mergering with a toy company to get on a regulated U.S. exchange.