Wednesday, October 22, 2014 10:32:37 AM
Nothing more. Nothing less.
The assertion that there are/were "stronger requirements" on the OTCBB is simply wrong. OTCBB has (or had) EASIER requirements to list.
In fact, that is why Puppetmaster Taylor Moffitt of Holydean initially chose it for his Inner Core Group's new holding- the "new" company he plans to install into RIGH's market slot at RIGH common shareholder expense.
In the eyes of less savvy investors, the OTCBB is/was more reputable and prestigious than the OTCPink, -QB, and -QX.
After all, isn't that where Fannie Mae and Freddie Mac are listed.... and... "...isn't the OTCBB practically the same as the Nasdaq?"
Well no. It's not.
The listing requirements are more lax on the OTCBB (no minimum bid, no minimum revenues, no minimum asset base), but the less-informed investor still perceives (perceiveD) the OTCBB as more legitimate:
That's part of the reason FINRA is getting rid of it.
Here are the requirements for the OTCBB:
http://www.otcbb.com/faqs/otcbb_faq.stm#Eligibilty
And here's the reason Puppetmaster Taylor Moffitt chose it for his purported NEW listing (not uplisting- no mincing of words here, just correct usage intended to inform, not mislead):
http://en.wikipedia.org/wiki/OTC_Bulletin_Board
So Taylor Moffitt of Holydean was trying to impress his would-be investors in his Inner Core Group hoping they would think the company was bigger than it was. Plus the OTCBB easier minimum requirements to be eligible for listing.
But a naive investor, yes even an "accredited" one, might believe such nonsense.
Taylor Moffitt of Holydean is simply trying to lure new investors to his investment bank wannabe- Inner Core Group. He's doing this by appealing to a base desire to be "in the know" in an "inner circle".
Check this out from his "Confidential Private Plcaement Memorandum". (What a joke- "private" just for anyone with access to the Internet.)
http://innercoregroup.com/INNERCORE_PPM_12.pdf (PAGE 33)
T-SHIRTS to "Members Only"?? Didn't that die in the 80's?
And what LEGITIMATE company puts that in an offering memorandum?
Answer: the same guy who puts "whales in bathtubs" and expects people to believe he's serious. Seriously self-absorbed, I'd say...
See:
http://ih.advfn.com/p.php?pid=nmona&article=63998787
See the "Rolls Royce" pattern? Moffit once had one, as related in one of his videos, and is apparently still fixated on it...
So bottom line, the choice of OTCBB was driven by its ability to "mislead investors into thinking that the company is bigger than it is.", and its less stringent requirements for listing.
But FINRA has thrown a monkey wrench into Moffitt's plans by closing the OTCBB.
The alternative, the OTCQB, is much more closely associated with the "stinky pinkies", plus requires a minimum bid of 0.01 (one penny).
See link below for the REVERSE SPLIT ramifications for RIGH holders.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107394421
Plus Taylor Moffitt of Holydean, his Kelso Office Products sham company, and his fledling Inner Core Group may still be in the crosshairs of the Iowa Secretary State, FINRA and the SEC.
SEE:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106389626
With all the shady backroom dealings and maneuvers, this one requires real DD, all. If you're new to RIGH, do your own extensive DD.
All is presented as my opinion only, of course.
Best to all.
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM