Under the National Association of Securities Dealers, Inc. (NASD)
new "OTC Bulletin Board Eligibility Rule", only reporting companies
will be quoted on the OTC Bulletin Board (OTCBB). Under the new
rule, Market Makers will not be permitted to quote OTCBB-traded
securities unless the issuer has filed periodic reports with the
appropriate regulatory agency. The rule will be phased in over a
12 month period beginning in July 1999 and continuing through June
2000 in alphabetical increments based upon the company's name as
of January 4, 1999. In June, 2000, the rule will apply to all companies
on the OTCBB. You can check on a stock's eligibility for quotation
on the OTCBB by checking with the Phase-In Schedule under
Rule 6530.
What this means is that more stocks will be traded in the "over-the-counter"
(OTC) market. The OTC market consists of unlisted securities. Issuers
of these securities often have no reporting obligations to any federal
regulatory authority (non-reporting). There are no minimum required
standards and no business relationship exists between the quotation
services (OTC-Bulletin Board, "Pink Sheets") and the issuers.
If you are looking for information on a particular stock or company,
see our "Corporate Profile" section in the directory on your left.
We are constantly updating our corporate profile information and
receive new information daily from viewers and corporations. If
you have additional or newer information, please fill out attached
form.
We will be providing
daily OTC market analysis for all non-listed, non-Bulletin Board trading
shares. This site is updated at the close of the market after 4:30
p.m. PST. All stocks that have been dropped from the OTCBB will have
the previously appended "E" on their symbol deleted before being dropped.