InvestorsHub Logo
Post# of 200419
Next 10
Followers 44
Posts 5616
Boards Moderated 0
Alias Born 09/16/2016

Re: Hate Liars post# 137565

Tuesday, 10/27/2020 10:17:27 AM

Tuesday, October 27, 2020 10:17:27 AM

Post# of 200419
2. Uplisting to OTCQB! Add'l info:

What does it mean to uplist to the middle tier?

QBer's must maintain current reporting that is annually verified...Very important to PCTL Investors
!!!

What is OTCQB
Stocks trading over-the-counter is organized into three groups. The OTCQB, also called "The Venture Market," is the middle tier. It was created in 2010 and consists of early-stage and developing U.S. and international companies.


To be eligible, companies must be current in their reporting, undergo annual verification and certification, meet a $0.01 bid test, and may not be in bankruptcy. Companies listed here report to a U.S. regulator such as the SEC or FDIC. The fees for listing on OTCQB markets is $12,000 per annum, with a one-time application fee of $2,500.


The OTCQB replaced the Financial Industry Regulatory Authority (FINRA)-operated OTC Bulletin Board (OTCBB) as the main market for trading OTC securities that report to a U.S. regulator. As it has no minimum financial standards, the OTCQB includes shell companies, penny stocks, and small foreign issuers.

KEY TAKEAWAYS

1. OTCQB is the middle-tier of OTC markets and lists early-stage and developing companies in the U.S. and international markets.

2. Companies must meet minimum reporting standards, pass a bid test, and must undergo annual verification.