Verschärfte Maßnahmen bei Late Filing für OTCBB-Companies - 500 Beiträge pro Seite

[wayne99]

OTCBB Issuers that Repeatedly File Untimely Financial Reports May Face Ineligibility for One Year

Summary

OTCBB issuers that file late periodic reports three times or are removed for filing delinquency two times in a 24-month period will be ineligible for OTCBB quotation for one year.
The proposed rule amendment is anticipated to be effective for filings with a period ending on or after June 1, 2005.
Contact information
Background
NASDAQ® recently filed a proposal with the Securities and Exchange Commission (SEC) to amend NASD Rule 6530 (the “Eligibility Rule”), which requires OTC Bulletin Board® (OTCBB) issuers to file timely periodic financial reports. The proposed change would make those OTCBB issuers that are cited for filing delinquency three times in a 24-month period and those OTCBB issuers removed for failure to file two times in a 24-month period ineligible for quotation on the OTCBB for a period of one year.

This change was proposed to help further the original goal of the Eligibility Rule, which is to protect the public interest by ensuring that timely financial information is routinely available to investors.

NASDAQ anticipates implementing the proposed rule in connection with filings for periods ending on or after June 1, 2005. Delinquent filings prior to that period will not count towards the new rule. Therefore, upon implementation, no issuer would be made immediately ineligible from continued quotation on the OTCBB. For full details concerning the proposal, click here for a copy of NASDAQ’s filing with the SEC.

Contact Information
For questions or more information regarding this proposed change, please contact:

OTC Bulletin Board, at 301.978.8263.

[chesco71.com]

(Sie können diese Anzeige in seinem entsprechenden Forum einsetzen? Ich kann nicht. Dank von Spanien.)

Pueden insertar este mensaje en su correspondiente foro ? yo no puedo. Gracias desde España.

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IDCN waiting for big news " share buy back"

O/S 500

http://stockcharts.com/def/servlet/SC.web?c=IDCN,uu[m,a]dacl… vc60][iUb14!Lf]&pref=G

Press release on 11/12/03

Indocan Board Authorizes Share Buy Back (Anuncio recompra acciones)

VANCOUVER, British Columbia, Nov 12, 2003 /PRNewswire via COMTEX/ -- Indocan Resources, Inc. (OTC: IDCN) Board of Directors has authorized the repurchase of one hundred million shares of Company Common Stock over the next twelve to eighteen months. The Company feels that the share price is exceptionally undervalued at this time and will actively retire blocks of stock from time to time. We will make quarterly announcements of shares quantities retired.

More information is available at www.indocan.com. [phone].

" Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company`s industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company`s stock; and other risk factors. The company takes no obligation to update or correct forward-looking statements.

CONTACT: Investor Relations of Indocan Resources, Inc., [phone]

SOURCE Indocan Resources, Inc.

CONTACT: Investor Relations of Indocan Resources, Inc., [phone]

URL: http://www.indocan.com

http://www.prnewswire.com

Copyright (C) 2003 PR Newswire. All rights reserved.

KEYWORD: British Columbia