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bradakus

08/11/11 12:39 AM

#171483 RE: just_an_ant #171479

To comply with SOX would be very costly..................................Pink sheets, an electronic quotation service, do not require companies to register with the Securities and Exchange Commission (SEC), thereby exempting smaller companies from maintaining and disclosing their financial filings. As a result, they can save between $500,000 and millions of dollars in accounting and legal bills, depending on size of their company--a practical and desirable option for smaller companies.


http://www.gcconsulting.com/articles/120046/73/SOX-Culprit-Behind-Increased-Delisting