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Seems odd that there hasn't been a peep from Pressure Bio. since the beginning of August also.
Tank you
11,5,9 and 19 please
10-K or NT10-K day.
Can't read it. Don't have subscription to the site.
Winding down now Eliski, 3 more to go....
18,5,19,and 9 please.
??OTC Markets Blog
Amended SEC Rule 15c2-11 Impact | A more transparent, global OTC Markets
? Matt Fuchs
7 days ago
??
Graph of stock market data and financial with stock analysis indicator the view from LED display concept that suitable for background,backdrop including stock education or marketing analysis.
On Tuesday, September 28, 2021, amended SEC Rule 15c2-11 became effective. The modernized Rule sets minimum public company disclosure standards for broker-dealer quotations. Its implementation represents a transformational moment for OTC Markets Group, as a Qualified Interdealer Quotation System operator[1] — recognizing our mission-critical role[2] and aligning with the data-driven disclosure standards we’ve created as the core foundation of our OTCQX, OTCQB and Pink markets.
By requiring companies to provide current, public disclosure as a pre-requisite for general distribution of proprietary market maker quotes, the Rule facilitates better-informed, more efficient financial markets and upholds our commitment to investor protection. It codifies our role as the market operator to onboard new securities and monitor ongoing publication of company disclosure.
One week post the Rule’s effective date, preliminary analysis indicates that these changes created more transparency for investors while also significantly increasing the number of quoted global securities. Over 3,000 securities became eligible for public market maker price quotations on OTC Markets after meeting the new rule’s requirements.
Snapshot of High-level Numbers:
Nearly 1,000 companies subscribed to provide public disclosure in 2021
The total number of Proprietary (Market Maker) Quote Eligible securities increased to 10,016 – a 12% increase
2,247 former Pink No Information securities shifted to the Expert Market tier, where securities may only be quoted on an Unsolicited (customer order) basis. While this represents a large number of securities, it represented less than 5% of the total dollar volume
1,757 Pink No Information securities lost Proprietary (Market Maker) Quote Eligibility status
1,119 Grey Market securities gained Proprietary Quote Eligibility and shifted to either the Pink Current or Pink Limited tiers. These securities qualified under the Large Company Exemption available under amended 15c2-11. The Large Company Exemption is available to international securities which have total assets greater than $50 million, shareholder equity greater than $10 million and average worldwide dollar volume for the past 60 days greater than $100,000
No changes in Proprietary Quote Eligibility status for OTCQX and OTCQB securities
The Data above compares security level information on October 8th with data from September 27th (the final day of the prior rule set).
OTC Securities which gained and lost Propriety Quote Eligibility:
Gained Proprietary Quote Eligibility (PQE):
Gained PQE3,055Gained PQE – From Grey1,119Gained PQE – From Pink Limited/Current (Unsolicited only)1,936Gained PQE – Foreign (ADR or F share)3,043Gained PQE – Median Price$10.20Gained PQE – Median Market Cap$1,600,438,941
These shifts offer greater opportunity in many of the higher-priced international securities, driving the dollar volume across our markets, representing a significant increase in market transparency.
Gained PQE – Foreign Security Snapshot for Key Regions
Japan628Hong Kong356UK294Canada245Australia209
In contrast, securities that were downgraded to a lower tier market were those not providing adequate ongoing disclosure to investors. In moving many of these securities to the Expert Market, we were able to restrict general distributions of quotes. The Expert Market is a regulated and transparent market for broker-dealers to meet their best execution responsibilities and serve the needs of sophisticated investors in different types of restricted[3] securities.
Lost Proprietary Quote Eligibility (PQE):
Lost PQE1,983Lost PQE – Foreign338Lost PQE – Median Price$0.02Lost PQE – Median Mkt Cap$360,153
As a regulated entity and Qualified Interdealer Quotation System, we’ve assumed greater responsibility and are now the trusted information source for broker-dealers. All of these changes underscore the evolution of the market and solidify our trajectory as a global, transparent market operator that empowers today’s investors with data to make informed decisions.
Questions, Comments – please email marketdata@otcmarkets.com .
[1] OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.
[2] “The central role that the SEC has given Qualified IDQSs in the Final Rule will likely consolidate the collection and review of issuer information and the ability of broker-dealers to rely on an exception to the Final Rule. This will both increase the importance of Qualified IQDSs in the OTC markets and foster consistency in application of the Final Rule.” SEC Significantly Amends Information Review Requirements for Quotations of OTC Securities, Cleary Gottlieb https://www.clearygottlieb.com/-/media/files/alert-memos-2020/sec-significantly-amends-information-review-requirements-for-quotations-of-otc-securities.pdf
[3] Restrictions can be based on 15c2-11 disclosure standards, issuer requirements, security attributes, investor accreditation and/or suitability risks.
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Categories: Regulatory & Compliance
Tags: Compliance, Market Data, OTC Link ATS, OTC Markets, OTC Markets Group, Trading
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Sanguine should be filing status report within 10 days also.
2,22,18 and 11 please
Twas weird.
9,5,11 and 48 please
11,18,19 and 9 please
I'm thinking so also. PBI, Availa, Recommerce and I don't know if I would count Unified out yet. They seem awful quiet.
The case has been settled, good,bad or ugly??
order Order on Motion to Adjourn Conference Wed 09/29 9:26 AM
ELECTRONIC ORDER: Defendant's letter application20 with the consent of plaintiff's counsel is GRANTED. The in person pre-motion conference scheduled for September 29, 2021 @ 12 Noon is canceled since counsels report that the case has settled. By October 29, 2021 counsel shall either file a stipulation of settlement or a further status report letter as to their settlement. Ordered by Judge Frederic Block on 9/29/2021. (Innelli, Michael)
https://www.pacermonitor.com/public/case/37496446/The_Sanguine_Group_LLC_v_Recommerce_Group,_Inc_et_al
Tanks Cappy.
Tanks Vic
18,9,5 and 11 please.
9,11,18 and 19 please
I know I'm just a wee small player with just a few thousand post split but am having some very good feelings here. Have you ever been through such a drawn out and complicated (busy) reorganization before that ended up with a micro float?
Is it possible that this could be the "1 in a million" good reverse splits?
Some more nuts and bolts of the reorganization.....
https://www.sec.gov/Archives/edgar/data/1304741/000166357721000337/ex10_1.htm
Nice!
Just to let readers know, don't get OWPC and OWCP mixed up.
Good to know Jo.
Thanks
This getting to be like a soap opera!
LOL!!! From the outside looking in, it's not Cannaworx it's Cannawormz...
You got that right!!!
Should be getting close to something!
Keeping an eye peeled on FINRA
https://otce.finra.org/otce/dailyList
The video was updated just a few days before our 14C came out on 08/26/21.
https://www.sec.gov/Archives/edgar/data/1304741/000166357721000473/cngt_pre14c.htm
When will the Name Change and Reverse Stock Split become effective?
Once we decide to implement the Name Change and the Reverse Stock Split, it would become effective on the date of filing of a Certificate of Amendment to our Certificate with the office of the Secretary of State of the State of Delaware (the “Effective Date”). However, a U.S. Securities and Exchange Commission (the “SEC”) rule requires us to first give 10 days’ prior notice to FINRA. Additionally, the Certificate of Amendment may not be filed until at least 20 calendar days after the mailing of this Information Statement.
One thing gots me wondering........
Where does Geitl fit in?
Wow!!!!! Nice video,I know it's almost a year old but says it was updated in August.
Schumacher and Morrison talking about the merger of 3 companies,Cannaworx,PBIO,Skin Sciences.
They keep mentioning the "NewFound Company" to be really huge.
Some reason I am led to believe that may be Novi Biosciences.
CNGT as the holding company of everything.
Sure, CNGT will have a name and ticker change I presume as per an older 8K.
Give it a quick watch............
hope this video works
https://www.businessconnectinsider.com/post/a-conversation-with-ric-schumacher-ceo-of-pressure-biosciences-jim-morrison
That is an excellent up to date roundup so to say.
Can you or another mod please sticky that?
Was watching Schumacher in a couple videos. Seems whatever is to happen will be a bloockbuster.
For what it's worth after next to nil communication I see that Recommerce Group has expanded into Phoenix AZ..
https://www.ziprecruiter.com/c/Recommerce-Group-Inc/Job/Appliance-Cleaner/-in-Phoenix,AZ?jid=86082b972bec478e&lvk=v2lxwL89g3OoayvfXMAzSg.--MAfy_hhwZ
Can't compete with opening day NFL...