Stocks Pink Sheets
Stocks Pink Sheets
The New Pink Sheet Categories Will Help Clean Up The OTC Market
The new Pink Sheets Trading Categories are a tool to help investors gather the information they need on publicly traded companies quoted on the Pink Sheets. Since Pink Sheets is a trading venue that is driven by OTC market trading demand, it is hoped that categorizing securities by their level of disclosure will greatly enhance the capital formation process, and help prevent Micro cap fraud.
The following Pink Sheets categories are a tool to help investors make better informed, educated decisions, and are meant to improve transparency and provide adequate public disclosure in a credible and timely manner. Starting in May of 2007, every security that Pink Sheet quotes will be put into one of the categories described below.
Emerging Equities List:
The Emerging Equities List is appropriate for issuers that are in development stage and are actively raising capital or companies that wish to distinguish themselves as issuers with reputable managements and audited disclosure.
To qualify for this category, companies must be SEC reporting and current in their SEC requirements and meet the Pink Sheets Guidelines for current information, including GAAP audited financial reports. Interim reports must be posted within 45 days and annual reports must be posted within 90 days after each fiscal year ends. The company must also provide detailed information on their financial officers annually to Pink Sheets.
SEC Current
The SEC Current category is for companies that are SEC registered and current in their SEC financial reporting requirements. Companies must post their disclosure by the SEC’s EDGAR system, be current in their filings, file quarterly reports within 45 days and annual reports within 90 days. This level of listing requires a quarterly letter from the attorney vouching for the completeness of their quarterly reports and disclosures.
Adequate Current Information
Non-SEC-reporting companies that are quoted on Pink Sheets that do not have GAAP audits are listed in this category. Pink Sheets confirms that they have met the requirements for Pink Sheets Guidelines for providing adequate current information, which means they must post a quarterly letter from an attorney regarding the completeness and adequacy of their company’s disclosure. They must support a management certified annual audit as well.
Adequate Current Information for Banks and International Issuers
Companies in this category are non-SEC-reporting federal or state regulated banks, insurance companies and non-U.S. companies listed on an international stock exchange. For banks and insurance companies, they must post to Pink Sheets the same information they provide to their regulators. Foreign issuers must post the same disclosures required in their home country exchange. Disclosures in a non-U.S. currency must be clearly labeled, in English and posted in a timely manner.
Limited Information Available
Economically distressed or bankrupt companies that get quoted on Pink Sheets that have posted some information in the last six months, either through the SEC or on the OTCIQ system, but whose disclosure is not current or complete. This category is also used for companies that have not yet met the requirements for the Adequate Current Information listing.
No Information:
Companies in this category have not posted any information in over six months through the venues described above. In many cases, this is because the company is in financial distress or otherwise on shaky ground.
Public Interest Concern:
For stocks with unsolicited spam, questionable promotion or other public interest concerns will be listed in this category. Companies in this category are on the verge of having their stock symbols blocked by the Pink Sheets.
Only time will tell, as Micro cap fraudsters have continually found ways to get around the rules, but this author believes this move by the Pink Sheets should go a long way towards cleaning up the quality of the OTC companies quoted by the Pink Sheets.
(c)2006 Stan Medley
NEW Pink Sheets, Bulletin Boards, Mutual Funds Available
|
|
Wausau 22129 Astrobrights Colored Card Stock 65 lbs. Plasma Pink 250 Sheets (8) $130.99 |
|
|
Boise MP2651PK FIREWORX Colored Cover Stock 65 lbs. Powder Pink 250 Sheets (10) $112.99 |
|
|
Pink Pastel Postcard Index Card Stock 50 Sheets 4-Up $24.99 |
|
|
FIREWORX Colored Cover Stock, 65lb, 8-1/2 x 11, Powder Pink, 250 Sheets $15.99 |
|
|
50 Pink Printable PARCHMENT CARD STOCK Paper Sheets. For Old Aged Card & Crafts. $13.95 |
|
|
100 Pink Legal Size Paper Sheets 8.5″x14″ 20# Text Printable Writing Paper Stock $13.95 |
|
|
Astrobrights Colored Card Stock, 65lb, Plasma Pink, Letter, 250 Sheets per Pack $12.99 |
|
|
A5 Card stock 200gsm 20 Sheets Tula Pink or choose $8.75 |
|
|
20 x A4 SHEETS 240gsm SMOOTH CARD STOCK SHADES PINK/RED $5.63 |
|
|
Stampin Up 8.5″ x 11″ Classic Card Stock you pick color $2.95 |
|
|
10 A4 SHEETS 240gsm SMOOTH CARD STOCK PINK LILAC PURPLE $2.81 |
|
|
Glitter Card Stock Sparkle Sparkling PINK DIAMOND Paper 12×12″ 1 Sheet GCS 045 $2.50 |
|
|
Glitter Card Stock Sparkle Sparkling PINK PUNCH Paper 12×12″ 1 Sheet GCS 044 $2.50 |
|
|
Glitter Card Stock Sparkle Sparkling PINK Paper 12×12″ 1 Sheet GCS 001 $2.50 |
|
|
10 Sheets Gingham card stock backing sheet -20cm x 14cm slightly smaller than A5 $2.34 |
|
|
10 Sheets Gingham card stock backing sheet -20cm x 14cm slightly smaller than A5 $2.34 |
|
|
.015 Pink 10 x 20 Flat Sheet Vinyl Color Coded Shim Stock, Pack of 10 $92.74 Sold by package only Clear color are in packs of 3 Silver, Amber, Purple, Red & Green are in packs of 5 Remaining colors are sold in packs of 10… |
|
|
.015 Pink 5 x 20 Flat Sheet Vinyl Color Coded Shim Stock, Pack of 10 $50.58 Sold by package only Clear color are in packs of 3 Silver, Amber, Purple, Red & Green are in packs of 5 Remaining colors are sold in packs of 10… |
|
|
.015 Pink 10 x 20 Flat Sheet Vinyl Color Coded Shim Stock $10.20 Color Coded Shim is made from a high quality plastic material Thickness indicated by shim color Eliminates need for micrometer, saves time and reduces error Used for gaskets, special parts and various manufacturing applications Easy to cut Resists oil Nonconductive to electricity… |
|
|
Chocolate Brown & Bubblegum Pink Polka Dot Tissue Paper – 24 XL Sheets $8.00 Candy Dots 100% Recycled Tissue Paper features small and large circles in pink and dark brown on white. Looks great in our Petal Pink Gloss, White or Chocolate Kraft Paper Bags. Great for Valentine’s Day and baby packaging…. |
|
|
Big Fat Notepad (Pink and White) $7.99 Here at Scribbles n Such, we think a splash of color adds a little extra “happy” to everyday life. Our Big Fat Notepads are bursting with color, have generous writing space, and are priced for everyday use…. |
|
|
Big Fat Notepad (Pink, Green, Yellow) $8.99 Here at Scribbles n Such, we think a splash of color adds a little extra “happy” to everyday life. Our Big Fat Notepads are bursting with color, have generous writing space, and are priced for everyday use…. |
|
|
Boise MP2651PK – FIREWORX Colored Cover Stock, 65 lbs., 8-1/2 x 11, Powder Pink, 250 Sheets-CASMP2651PK $24.56 Rich color gets any type of communication or project noticed. Versatile heavyweight paperideal for various business communications such as report covers, binding, menus, tent cards. Acid-free for archival quality. Use as a companion to FIREWORX Colored Paper. Paper Color(s): Powder Pink; Sheet Size: 8 1/2 x 11; Paper Weight: 65 lbs.; Sheet Quantity: 250…. |
|
|
Boise MP2201PK – Fireworx Colored Paper, 20lb, 8-1/2 x 11, Powder Pink, 500 Sheets/Ream Boise FIREWORX Colored Paper, 20lb, 8-1/2 x 11, Powder Pink, 500 Sheets/Ream… |
|
|
Wausau Paper Index Card Stock, 92 Brightness, 110 lb, Letter, White, 250 Sheets per Pack (49411) $4.59 Uniform smooth surface enhances ink holdout and printability. Ideal for brochures covers tabs file folders and business forms. Laser and inkjet guaranteed. Acid-free for great quality that doesn’t deteriorate. Paper Color(s): White Sheet Size: 8 1/2 x 11 Paper Weight: 110 lbs. Sheet Quantity: 250.Unit of Measure : Pack… |
|
|
Swingline ClassicCut 15 Inch Guillotine Paper Trimmer, CL310 – 9115 $58.25 A clean cut every time! Self-sharpening stainless steel blade cuts everything from tissue to heavy matte board. Safety spring washers secure handle in any position. Features finger-guard rail and blade latch hook lock. Alignment grid and ruler for accuracy. Wood composite and metal base. Non-slip rubber feet prevent slipping. Trimmer Board Type: Bypass Sheet Capacity: 15 Cut Length: 15 in Trimmer … |
