Thursday, October 05, 2017 11:37:57 PM
OTCM isn't a exchange or a regulator - it is a for profit PR Company.
The OTCQB is used to deceive noobie investors into thinking the company is uplisting - but it is a meaninglessness designation.
Recently OTCM relaxed the requirements to maintain the eligibility - as they want as many companies as possible to qualify for OTCQB.
The OTCQB certification isn't filed with the SEC and the OTCM isn't vetting the application all that closely - if the company is above 0.01 for 30 days all is golden.
To maintain the eligibility if the company falls below 0.01 they are now given 90 days to become compliant.
Effective May 18, 2017 the company doesn't have to be a SEC filer.
OTC Markets Amends Listing Standards for OTCQB to Allow Non-Reporting Issuers.
Effective May 18, the OTC Markets has amended its qualification rules for the OTCQB to allow quotation by companies that follow its alternative reporting standard (“Alternative Reporting Standard”).
As anyone can see the OTCQB doesn't have any value.
IG
"Straight Facts Homey!"
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