New OTC Bulletin Board Listing: Pharmacity Corporation
July 16, 2009 (FinancialWire) — Pharmacity Corporation (OTCBB: PHRM) was officially listed to the Over-the-Counter Bulletin Board today as an NSCC (National Securities Clearing Corporation) eligible security, and is slated to begin trading in units of 100 tomorrow.
Pharmacity was previously a NBB (Non-Bulletin Board) security. NBB securities are OTC securities that are not quoted on the OTCBB, which may or may not be quoted on the Pink Sheets (also called “Other-OTC”).
From Pharmacity’s June 15, 2009, Form 10-Q Filing (Quarterly Report):
“Our goal is to commence our operations. We intend to accomplish the foregoing through the following milestones: 1.) We plan immediately to start marketing research of our business; 2.) After completion of our marketing research, we will immediately begin to develop our website. We believe that our website can be fully operational within 90 days; 3.) After our website is established, we intend to market our business to potential customers or investors through our website and by personal contact through Ms. Kravchuk, our president. We also intend to design and develop our ‘Pharmacity Catalogue’ which would advertise our product and our prices. In the beginning of our business operations we plan to advertise our business on the local billboards.”
Also from the 10-Q: “Within 240 days after we complete our public offering, we should be in the position to establish our first retail pharmacy in Ternopil, Ukraine.”
Pharmacity’s complete 10-Q is directly accessible at the OTCBB web site (http://www.otcbb.com/asp/Info_Center.asp).
The OTC Bulletin Board (OTCBB) provides access to more than 3,300 securities. The OTCBB is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs).
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