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Article: Move Off Bulletin Board to Pink Sheets Turns Off Investors.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 8, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Aug. 8 -- Richard Ulmer faces a tough choice.
Over the past few years, a dollar at a time, he has dragged tiny InVitro International Inc. back to solvency. Now he has to decide between the company's shareholders and its hard-won financial stability.
Irvine-based InVitro is among more than 1,000 public companies nationwide that do not report financial results to federal regulators. Under a new rule imposed by the National Association of Securities Dealers, those companies must soon begin reporting or accept banishment to the Pink Sheets, the bargain basement of American capitalism.
Ulmer likes the ...