Replies to post #58149 on ProGreen US Inc. (fka PGUS)

[noodle]

All sounds reasonable except for the ASSETS. When a company has 42 million in appraised land and 2500 in farmland, I'll take my chances. And I took the 3500 and put it in E V I O at .0015. Another stinky pinky !!! LOL

[noodle]

"PIGGYBACK EXEMPTION"
Under the current piggybacking exception to Rule 15c2-11, a broker-dealer is allowed to publish quotations for OTC securities even if there is no current information about the issuer. The final rule will update the piggyback exception to require that issuer information be, depending on the regulatory status of the issuer, one of the following:
Current and publicly available, as defined in the amended rule.
Filed by the prescribed due date for a report or statement as required by an Exchange Act or Securities Act reporting obligation.
Filed within 180 calendar days from a specified period.
The amended piggyback exception will also include a new grace period that permits broker-dealers to continue quoting the securities for a period of up to 15 calendar days after a qualified interdealer quotation system (IDQS) or registered national securities association makes a publicly available determination that issuer information is no longer current and publicly available, timely filed, or filed within 180 calendar days from the applicable specified time.
To provide greater investor protections, the amended rule also limits the piggbyback exception by:
Requiring at least a one-way priced quotation (instead of limiting the appliciability to bid and ask quotations at specified prices as originally proposed).
Eliminating the piggyback exception during the first 60 calendar days after the termination of a trading suspension issued by the SEC.
Only permiting broker-dealers to rely on the piggyback exception for securities of shell companies for 18 months following the intial priced quotation for an issuer's security that is published or subitted in an IDQS.