Biloxi Marsh Lands Corporation Announces Creation of Electronic Bulletin Board for Trading of its Shares

Rhea-AI Summary

Biloxi Marsh Lands Corporation (BLMC) has activated its electronic bulletin board to enhance liquidity for shareholders. This platform allows shareholders to post notices for buying and selling BLMC common stock without incurring user fees. Previously, BLMC shares traded on the over-the-counter market, but recent SEC regulations limited quoting for non-GAAP compliant companies. The bulletin board aims to facilitate direct communication between shareholders for stock transactions, providing a 24/7 platform for share trading.

Positive

• Creation of a passive electronic stock-trading bulletin board to enhance liquidity.
• No user fees associated with the bulletin board for shareholders.

Negative

• Shares previously traded on Pink Sheets, indicating potential lower visibility and liquidity.
• SEC restrictions on quoting due to lack of GAAP-compliant financial statements.

METAIRIE, La.--(BUSINESS WIRE)-- Effective immediately, the Biloxi Marsh Lands Corporation (BLMC) Bulletin Board is now active. A link on the Biloxi Marsh Lands Corporation Website can take someone directly to the Biloxi Marsh Lands Corporation home page on BancList.

As previously announced, in order to give its shareholders more liquidity, Biloxi Marsh Lands Corporation has created a passive electronic stock-trading bulletin board which doesn’t charge the user any fees. Using the bulletin board, shareholders and investors will be able to post notices of intent to buy or sell the Company’s common stock and to browse those posts for possible purchases or sales. Shareholders and investors can then directly communicate with each other to arrange the purchase or sale of the shares. Biloxi Marsh Lands Corporation will not act as a broker and participants will have to arrange for the delivery of payment and of shares themselves. The Company’s goal is to set up a 24/7 internet platform that will give our shareholders a forum to buy and sell the Company’s shares of common stock.

Previously, shares of Biloxi Marsh Lands Corporation had traded on the over-the-counter market under the symbol, “BLMC” and the shares were quoted on the Pink Sheets^©. After September 28, 2021 and the implementation of amended Rule 15c2-11, the SEC prohibited broker-dealers from quoting companies like Biloxi Marsh Lands Corporation, who do not provide financial statements that are prepared according to Generally Accepted Accounting Principles (“GAAP”).

Biloxi Marsh Lands Corporation is excited about providing this electronic bulletin board for existing shareholders and those interested in purchasing stock of the Company. We encourage all interested parties to visit the company’s website: www.biloximarshlandscorp.com. Biloxi Marsh Lands Corporation is not a registered national securities exchange, information processor, broker, dealer, or investment adviser.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220222005950/en/

Biloxi Marsh Lands Corporation

Eric Zollinger: 504-837-4337

Source: Biloxi Marsh Lands Corporation

FAQ

What is the purpose of the BLMC electronic bulletin board?

The electronic bulletin board aims to provide liquidity for shareholders, allowing them to post notices for buying and selling common stock without fees.

How does the BLMC bulletin board work?

Shareholders can directly communicate with each other to arrange purchases or sales of BLMC shares through the bulletin board.

What regulations affect BLMC trading?

The SEC prohibits quoting for companies like BLMC that do not provide GAAP-compliant financial statements.

When was the BLMC bulletin board activated?

The BLMC bulletin board is effective immediately as of the press release date.

Is Biloxi Marsh Lands Corporation a registered broker?

No, Biloxi Marsh Lands Corporation is not a registered national securities exchange, broker, dealer, or investment adviser.