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akua

08/04/08 10:25 PM

#15651 RE: Irgitupp #15650

Is there a definition of thinly traded? 100k shares? 2 million shares?

What would the point of having a MM do as you suggest?

What do you think the outcome would or could be possitive and or negatively?

If a large portion of a stock such as TNOG is now controlled by "someone" to the tune of 250,000,000 shares plus all of the other 6000 plus shareholders what is to be gained?

Anyone owning over 5% is supposd to let it be know who they are.

Irgitupp

08/04/08 10:27 PM

#15652 RE: Irgitupp #15650

and this:

Upon delisting of a security meeting the above criteria, market makers that have quoted the security in NASDAQ during the 30-day period preceding its removal may contact Pink OTC Markets to enter a quote anytime prior to market close on the day of delisting, without submitting a Form 211. Generally, the security will become "piggyback qualified" in the Pink Quote system 30 days after delisting, at which time other market makers may enter a quote in the Pink Quote system without submitting a Form 211 to FINRA. A delisted NASDAQ issuer that wishes to be quoted in the Pink Quote system should contact their market makers to request that they register to quote the security in Pink Quote

Me: TNOG was delisted because of the lack of file listing within the NASDAQ PinkSheets. Wich they are now complying (adding to) with a finish in October.

a_charting_god

08/05/08 10:13 AM

#15657 RE: Irgitupp #15650

interesting but isnt it already sponsored and listed currently...?

this still makes very little sense why would they need to "piggyback qualify" if they are already listed and trading with a sponsored market maker...?