Hooper Holmes Inc. (fka HPHWQ)

[downthehatch]

From Investopedia:

DEFINITION of 'OTCQX'
The top tier of the three marketplaces for trading over-the-counter stocks provided and operated by the OTC Markets Group. The OTCQX forum offers the best marketplace of these three tiers for companies that fulfill qualification criteria. To qualify for an OTCQX listing, a company must meet high financial standards, be current in its disclosure and be sponsored by a professional third-party advisor.


BREAKING DOWN 'OTCQX'

The OTCQX roster includes a large number of blue chips from Europe, Canada, Brazil and Russia that are global household names.

The reason for those large and prestigious companies to list on the OTCQX, rather than on a reputed exchange such as the NYSE, is mainly to avoid the high costs associated with listing shares on a large U.S. exchange. Another reason is to avoid the expenses incurred in meeting the stringent ongoing disclosure and legal requirements associated with maintaining the listing. In contrast, the application fee for international and U.S. companies that meet the OTCQX requirements is much smaller.



Read more: OTCQX Definition | Investopedia http://www.investopedia.com/terms/o/otcqx.asp#ixzz4etlU6sHU
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