Most Blue Chip stocks are “Fully Reporting” and file with the SEC. However, some Blue Chips file unaudited filings instead of audited all of the time. Some people believe that the pink sheets stock that they are in needs to be uplisted to a higher exchange in order to be acknowledged at a certain level of legitimacy. This is not so... although such would be nice. Bottom line, with not downplaying having audited financials, having them is not a must for a stock to legitimately exist and trade as such.
Some of the largest corporations in the world are pink sheet companies. This confirms that audited financials are not as important as some would like to believe. What’s most important is to understand that it is important to just have organized unaudited financials available for the public to view at an at least OTC Markets Pink Current Information Status as like what many legitimate penny stocks have achieved.
Many penny stocks that we are in trades on the same pink sheets OTC Markets Tier with its OTC Pink Current Information Status as the likes of these multi-million/billion dollar companies below of which we all have heard of at least some of these…
Nestle Chocolate ** Symbol = NSRGY at $72.00+ per share Rolls-Royce Holdings PLC ** Symbol = RYCEY at $78.00+ per share RWE AG ** Symbol = RWEOY at $36.00+ per share BASF SE ** Symbol = BASFY at $95.00+ per share Telstra Corp Ltd. = TLSYY at $23.00+ per share Telenor ASA = TELNY at $66.00+ per share Lafarge S.A. = LFRGY at $17.00+ per share Swisscom AG = SCMWY at $45.00+ per share J Sainsbury Plc = JSAIY at $20.00+ per share UPM-Kymmene Oyj = UPMKY at $11.00+ per share Telecom Austria AG = TKAGY at $14.00+ per share
I hope all get this point. Here is a more clearly defined justification for remaining on the pink sheets:
The main point with comparing and contrasting those companies above to your average current pink sheets stock is that if trading on the OTC Markets Tier of OTC Pink Current Information Status is good enough for them to be content to exist as a legitimate level for transparency then it is definitely good enough for such lower established pink sheets stocks also to exist just the same. Obtaining OTC Pink Current Information Status should not be downplayed at all.
To reiterate…
OTC Markets have certain mechanisms in place and very stringent requirements that are well respect throughout the market as credible. The market has granted the seal of approval for legitimacy for the OTC Markets ”Tier” rating systems to be acknowledged for transparency.
When a company achieves obtaining OTC Markets Pink Current Information Status, it is to be taken serious in my opinion, especially when they are showing other areas of current growth within their operations to confirm its being ”profitable” amongst many other achievements.
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