Replies to post #6315 on Bell Buckle Holdings (BLLB)

[sammyboypa]

I think they have to have audited financials. I was told, by another company, that it can take 1-3 months per quarter to audit the financials. This all depends on how well they kept records. This is what I was told so take it for what its worth.

[realnewsinc]

Not sure. I think 30 days. However, it is not quite clear to me how the rules apply to penny stocks. It may be that they can have no communications until uplisting. This depends, though, on whether they have actually filed a registration statement with the SEC.

According to the SEC:

- Non-reporting issuers are, at any time, permitted to continue to publish factual business information that is regularly released and intended for use by persons other than in their capacity as investors or potential investors.

- Communications by issuers more than 30 days before filing a registration statement will be permitted so long as they do not reference a securities offering that is the subject of a registration statement.

A number of these new rules include conditions of eligibility. Most of the rules, for example, are not available to blank check companies, penny stock issuers, or shell companies.

---------------------

http://www.sec.gov/answers/quiet.htm

---------------------

[rookinvestor]

lostPHD...I'm not sure how accurrate the quiet period, looking at SLON that just uplisted...they seemed to have regular PRs...unless it is the strategy of the company....