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Re: $hellKing post# 2816

Monday, 02/13/2012 7:51:27 AM

Monday, February 13, 2012 7:51:27 AM

Post# of 2842
How ASYTQ could get listed on an exchange or market again >

To become an OTCQX, OTCQB or OTC Pink company, at least one market maker must quote the company's securities on the OTC Link interdealer quotation system. Unlike stock exchanges, the OTC market does not have a way for companies to list their own stock for trading. Market makers begin quoting new securities on OTC Link by submitting a Form 211 with the Financial Industry Regulatory Authority (FINRA). In some cases, there may be an exemption available that permits a market maker to begin quoting a stock without filing a Form 211. Generally, this happens when the market maker is already quoting the stock in another market center or if the market maker is only representing an unsolicited customer order, not making a market. For more information, see:

Finding A Market Maker to Sponsor Your Company
Only SEC-registered broker-dealers (market makers) that are members of FINRA can quote securities in the OTC Link system. There are over 150 market makers that participate in the OTC Link system today. Only one market maker quotation is required to start trading. OTC Markets cannot recommend specific market makers. However, market makers included in our 211 Market Maker List welcome potential issuers to contact them to discuss making a market in their company's stock.

Not all market makers are willing to sponsor a new security and file a Form 211. Many market makers will begin to quote a security only after it another firm does the paper work to get the stock on OTC Link. After 30 days, the newly quoted stock becomes "piggyback qualified" and any market maker can begin quoting without filing the Form 211.

Listing Requirements and Fees
There are no listing requirements for the OTCQB or OTC Pink tiers. The OTCQX tier has both qualitative standards and minimum financial requirements.

While there is no requirement that OTC Pink companies continue to provide updated financial information to OTC Markets; federal securities law requires that adequate current information must be publicly available when an issuer's securities are traded in the OTC market under the following circumstances:

http://www.otcmarkets.com/companies-advisors/otc-trading

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