Bulletin Board Remodelling Risks and Benefits in New Exchange
Traders Magazine, April, 2002 by Tom Taulli
In with the new, but the old should be allowed to live on for a while longer.
That appears to be Nasdaq's philosophy as it goes about replacing the OTC Bulletin Board (OTCBB) with the Bulletin Board Exchange (BBX) early next year. In what some see as a risky way of implementing a new system, the old bulletin board will continue to operate for six months while the new one is beginning operations in January 2003.
As with any securities exchange, issuers on the BBX will need to meet minimum listing' requirements: 100 round-lot shareholders and 200,000 shares in the float.
There will also be corporate governance standards. Although, unlike Nasdaq SmallCap and National Market System stocks, a BBX listed company will not have to meet minimum financial requirements...
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