I asked a friend who knows the ends and outs of the OTC!! I think it is time to move on to another subject.
xxxx, I been doing this a long time. Whomever said that is full of crap or just misinformed. They run a background check on whomever is on the application. When that person changes, they run a background check on whomever replaces them. A person, their DOB and their SS# have to be associated with each account. yea, technically true its a "company" account you are applying for but you need an officer to be on there, and they want that person to check out and be responsible. Without them there's no access to the system. I personally think its crazy but this is the way it is now.
I don't know why anyone would be arguing about these ridiculous details like this in the first place, but its very simple. Look at the application, its on www.otciq.com. It requires a Person's private information, their DOB and a copy of their Drivers license. Once that application is submitted, with $1000 fee, they run background checks, if anything pops up, they ask for a PIF, which is 25 pages of personal history questions. This person is NOT just an authorized user. Not anymore.
When you don't pay the bill, after 30 days they require a whole new application be submitted. An account costs $6000 yr, if you don't pay it, it gets cancelled like any other service. The company had an account years ago but it lapsed (around 2013). Alternatively anyone can just call Nancy at OTC Markets and ask her the status of the company's OTCIQ application. I don't see why she wouldn't tell you.
The CEO Skylier is stepping down and new management is coming in, so they had to hold off on OTC Markets until that is done. They can't open the account until the new guys are in place. They are also more than likely going fully reporting so thats the main hold up.
