Part of the sho description which was missed earlier where some claimed pinks could not be on the list.
This whole sho issue is still in a process that may well take a full year to sort out enough so that we may make some kind of proper trading decisions based on the info--for the time being I think most are flying by the seat of their pants so to speak and the learning is on-going imo
Nasdaq's threshold list is the one that is the most anticipated by traders and investors since it is likely to include the largest number of securities. Nasdaq's list will include securities trading on its national market, small-cap market and on the Over-The-Counter market. The Nasdaq list will also include securities trading on the Pink Sheets that under SEC rules are "reporting companies." Non-reporting Pink Sheets companies are not covered by Reg SHO. But NASD is working on a SHO-like rule that would cover non-reporting companies trading on the Pink Sheets.
According to a Nasdaq spokeswoman there are about 1,300 reporting Pink Sheets companies. But only 235 of those, for which the exchange has current information on shares outstanding, are currently subject to Reg SHO threshold requirements. There are about 3,500 securities trading on Nasdaq's national and small-cap markets.
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