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Re: Spero of Illinois post# 13236

Friday, 10/30/2015 7:55:05 AM

Friday, October 30, 2015 7:55:05 AM

Post# of 15274
Pink sheets-listed companies have no requirement to be listed. All a company needs to do to get listed on the pink sheets is submit a form, entitled Form 211, with the OTC Compliance Unit. Usually this is done on behalf of a company by a market maker. The form must have current financial information. The more willing a company is to show its books, the easier it is for a broker-dealer to quote a price for that company. Some companies will make it easier and others will not - they are under no obligation to do so, and because of this, transparency is not comparable to financials for exchange-listed companies.

Read more: The Over-The-Counter Market: An Introduction To Pink Sheets http://www.investopedia.com/articles/fundamental-analysis/08/pink-sheets-ottcb.asp#ixzz3q3FXgMNk
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