Legal Question in Business Law in Idaho

Re: Listing details; OTC Bulletin Board

1. The only eligibility requirement for the OTC BB is that the company be current on its SEC filings. It may be necessary to have a NASDAQ member firm sponsor you. See the NASDAQ or SEC Web sites.

2. Depends upon the exchange and amount or value of outstanding shares. Try the exchanges' Web sites. Here are some sample numbers from a reference book dated 1997: NYSE, $53,000 plus $15,700 a year (variable with public float); NASDAQ, $6,000 plus $4,000 a year; AmEx, $5,000 and $6,500; NASDAQ National Market, $10,000 up front then $5,250 a year.

3. Professional fees to prepare a company for listing and then carry it out are significant. Figure CPA as well as legal. Maybe $100,000 would be sufficient if the company desiring an initial listing has already gone public using an appropriate registration form and has attended to its corporate housekeeping. Possibly much less if listing on a minor exchange with less stringent requirements. Possibly much more if the company needs to re-register, recapitalize, do a major corporate housecleaning or has reporting or accounting problems.