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Paraskass 04-26-2005 02:00 PM

Stock market question.
 
If you own a stock that is not listed on Nasdaq, say it is an .OB stock, and that the company decides to transfer to Nasdaq, are your stocks just transfered?

woj 04-26-2005 03:03 PM

I would think you still own the same stock, it will just be traded on a different exchange and maybe the symbol will change...

hershie 04-26-2005 03:10 PM

My only experience, unfortunatley is the reverse - so many tech stocks during the bubble that lost their listings on NASDAQ and got booted onto the OTCBB, and no, the only thing that changed was the symbol. In my stocks they did a roll-back of the shares as in a reverse split to try to boost the share price up to $2.00 which is the minimum the stock has to trade at for 30 consecutive days to maintain your listing.

Easton 04-26-2005 03:16 PM

yes, it's a matter of when they comply with the SEC filings... your shares are still the same

Easton 04-26-2005 03:17 PM

note: the company doesn't "decide to transfer to NASDAQ", they have to meet the listing requirements... be careful with OTCBB stocks and PinkSheet ones as well

iBanker 04-26-2005 03:18 PM

Quote:

Originally Posted by Paraskass
If you own a stock that is not listed on Nasdaq, say it is an .OB stock, and that the company decides to transfer to Nasdaq, are your stocks just transfered?

Yes, they are transfered, although it will most likely have a change in CUSIP number depending on the type of change. Call you Stock Transfer Agent, commonly listed on the front and back of your cert. and they will let you know for sure.

If you have any problems with it, hit me up on ICQ and I can prolly help, I know a ton of transfer agents.


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