What is the difference between OTC-QX, OTC-QB, and OTC-Pink?
They are all tiered marketplaces - with different rules for qualifying. "OTC-Pink" - I believe you are referring to "pink sheets current information" which requires, among other things, financial statements (current) and the same time of information found in a 211 filing.
"QB" - is analgolous to "OTCBB" - meaning a an OTC company that has a class of securities registered under the Securities Exchange Act of 1934 - meaning a "reporting company" - and is current in those filings.
Both of the above marketplaces do not have quantitative financial and share price requirements, by that I mean as long as your disclosure is within the guidelines and current, it doesn't matter if you have $1 in sales or $1Bil in revenue.
The OTC-QX is a different matter. In order to qualify there is a minimum share price requirement and also a "non-penny stock" requirement -
•1.Have a bid price of $5 or more; or
2.Have net tangible assets of $2,000,000, if the issuer has been in continuous operation for at least three years, or $5,000,000, if the issuer has been in continuous operation for less than three years; or
3.Have average revenue of at least $6,000,000 for the last three years.
•A minimum bid price of $0.10 (for preceding 90 business days)
