Replies to post #81744 on Laidlaw Energy Group, Inc.(fka LLEG)

[CivilStruct]

I re-found the following link, with the excerpts I've copied into this post:
http://www.spartansecurities.com/forms/otcbb.pdf

"OPP: Can anybody do these SB-2 or Form 10 filings? And how long does it take?

Carl: I am not sure there is any rule that says you can not file these Forms on your own, but I have never heard of anyone doing it successfully. Even though Carl Dilley Listing On The OTCBB AS SEEN IN THE NOV/DEC 2007 ISSUE OF OPPORTUNIST MAGAZINEthese forms appear to be straightforward in terms of information required there are a million nuances and other SEC rules and regulations that govern what information is required and how it is presented. You need to hire a qualified securities attorney and be prepared to pay $30,000.00 plus and expect a 3 to 9 month process in order to get your registration declared effective."

And...

"OPP: ok, so how long does it take to get approved?

Carl: There are no set time lines, but the process goes like this and is very similar to the SEC registration process: The market maker submits the application and FINRA will typically respond with comments in 7-10 business days. The Market Maker will work with the issuer to craft a response and send that response back to FINRA and you go back and forth until the market maker and FINRA are satisfied that you meet the requirements. FINRA will finally send a faxed letter to the market maker indicating the market maker is approved to submit the quotation for the securities.

On average, if the application is well prepared and the market maker receives all of the required documentation, in the case of a Pink Sheets listing you can expect 4-5 or more rounds of comments and in the case of an OTCBB listing probably 2-3 rounds. This probably equates to 3-4 months or more for a Pink Sheet listing and 45-60 days for an OTCBB listing."

Hope it helps.

[panmunjomi]

Link to: How an uplisting works

http://www.thestreet.com/story/10725448/how-an-uplisting-works.html

[Grozny]

I love the quiet times. Too hard to focus when its noisy.