InvestorsHub Logo
Followers 2571
Posts 306766
Boards Moderated 29
Alias Born 04/12/2001

Re: TenKay post# 132804

Saturday, 11/01/2014 3:14:33 AM

Saturday, November 01, 2014 3:14:33 AM

Post# of 137725
QX can be either SEC reporting or Alternative reporting standard. Pink can be SEC reporting if the stock does not meet the minimum bid price requirement of QB. QB is the only one that is all SEC reporting.

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.