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SFOR now on OTCQB Benefits of uplisting to

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Pugilista   Wednesday, 08/08/18 01:41:58 PM
Re: I_Am_Ram post# 206120
Post # of 213501 
SFOR now on OTCQB Benefits of uplisting to OTCQB per OTCMarkets website as follows:

"The OTCQB is considered by the Securities and Exchange Commission (SEC) as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.

Key elements and benefits of uplisting to the OTCQB include:
?Companies must remain current and compliant in their reporting to the SEC
?Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
?Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete
?Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
?Greater information availability for investors through the OTC Disclosure & News Service
?Transparent prices for investors through full-depth of book with Real Time Level 2 quotes"

IMO a big benefit is that most brokers will trade the stock. For instance right now, you can't open a position in SFOR on Scottrade and other brokerages make some things difficult for it (such as higher commissions on trades). IMO we should certainly move to OTCQB if and when SFOR qualifies. If we get all the brokerage firms trading in this stock, that right there would increase the volume IMO.

" You woulda if ya coulda but since you haven't ya can't"
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