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Saturday, November 01, 2014 3:14:33 AM
Not quite. QX stocks must have audited financials, though they needn't be SEC registrants.
And while all QB stocks are SEC registrants, not all OTC SEC registrants are QB. Not since OTCMarkets decided to impose a $10,000 annual fee and a minimum bid price. If a reporting OTC company refuses to pay the fee--and some have--it'll be called a Pink by OTCMarkets. Similarly, if it fails to maintain a minimum bid price above one cent, it'll be called a Pink.
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