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Re: janice shell post# 3432

Tuesday, 07/24/2012 6:29:01 AM

Tuesday, July 24, 2012 6:29:01 AM

Post# of 18214

The Daily List is never "wrong".



The daily list is not reliable from OTCBB, and yesterday proves it once again. OTCBB has had issues for some time now.

They have frequently suggested securities are non compliant, yet people still use them as a source. This was written over a year ago.

An OTCBB By Any Other Name

For more than a year leading up to this large scale, mass delistment, it has been impossible to decipher between an OTCBB Company and a Reporting Pink Sheet Company when viewing the OTC Markets website. Both entities appeared under the heading of “OTCQB.” It was essential to reference other source material in order to make the distinction.

The now privately owned and operated OTCBB quietly delisted approximately 1,000 fully reporting and current, public companies from its quotation medium, initially citing “failure to comply with Rule 15c2-11”. Subsequent delistments cited “Ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.”

Delistments Means Little to Nothing

Most, if not all, of these companies did not receive notice of their “delisting”. Moreover, most, if not all, of these companies still do not know that they are no longer OTCBB quoted companies. In fact, the change has had little if no impact on these companies and will likely not have future impact. Each of these companies continue to be quoted on the OTCQB on the website for OTC Markets.

http://www.reverse-merger.com/the-end-of-an-era-the-otcbb-has-been-replaced-by-the-otcqb/




As Always: My Number 1 Priority is to educate. Penny stocks are very volatile, Always do your own Due Diligence

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