John Leufray <leufray@gmail.com>
Wed, Jan 31, 10:06 AM
to me
Thanks, Jack. I'll review this and let you know if I have any questions.
On Jan 31, 2018 9:47 AM, "Jack Wagenti" <jackwagenti@gmail.com> wrote:
The Markets
We organize 10,000 securities into three markets - OTCQX®, OTCQB® and Pink®, to better inform investors.
Pink Current Information Logo
The Open Market
The Pink Open Market offers trading in a wide spectrum of securities through any broker. With no minimum financial standards, this market includes foreign companies that limit their disclosure, penny stocks and shells, as well as distressed, delinquent, and dark companies not willing or able to provide adequate information to investors. As Pink requires the least in terms of company disclosure, investors are strongly advised to proceed with caution and thoroughly research companies before making any investment decisions.
Pink Market Segments
OTC Markets Group further segments Pink companies based on the quantity and quality of information they provide to investors:
Current Information
Limited Information
No Information
Current Information
Companies categorized in this segment qualify through the Alternative Reporting Standard (ARS), by making filings publicly available through the OTC Disclosure & News Service pursuant to the Pink Basic Disclosure Guidelines. Companies that follow the International Reporting Standard, requiring the company be listed on aQualifying Foreign Exchange with periodic disclosure filings, those meeting the SEC Reporting Standard or U.S. Bank Reporting Standard are also eligible.
The Current Information category is not a designation of quality or investment risk.
Initial Qualification pursuant to the Alternative Reporting Standard:
Subscribe to the OTC Disclosure & News Service on www.OTCIQ.com to publish your financial reports and material news.
Publish the required disclosure document in PDF Format (Do not scan your docs to create PDFs!Here's Why) and upload them via www.OTCIQ.com in the “Add Financial Report” section:
Annual Financial statements for the previous two fiscal years. If these reports are audited, please attach the audit letter. Each year’s Annual Financial statements should be posted separately under the report type “Annual Report” on www.OTCIQ.com
Any subsequent Quarterly Reports, since the most recent Annual Report, should be posted separtely under the report type “Quarterly Report”on www.OTCIQ.com
The most recent fiscal period end report should also include information in accordance with the Pink Basic Disclosure Guidelines
Financial reports must be prepared according to U.S. GAAP and must include a Balance Sheet, Income Statement, Statement of Cash Flows and Notes to Financial Statements, but are not required to be audited.
If financial reports are not audited by a PCAOB registered audit firm:
Submit a signed Attorney Letter Agreement (first two pages of the Attorney Letter Guidelines)
After following the appropriate procedures with a qualified attorney, upload an Attorney Letter complying with the Attorney Letter Guidelines through your www.OTCIQ.com account
