Zion Oil & Gas Inc (ZNOG)

[microcaps1]

from your cited article:
"KEY TAKEAWAYS
An unlisted security is a financial instrument that is not traded on a formal exchange because it does not meet listing requirements.
Unlisted securities are also called OTC securities as trading is done on the over-the-counter (OTC) market mostly by market makers.
Unlisted stocks can be tracked via pink sheets or on the OTCBB."


instead of 'formal exchange' he should have used 'big board', because the otcqx and otcqb (as it is called -hasnt been called otcbb for years) and now many pink current stocks are SEC reporting just like the big boards

People can look up the qualitative and quantitative requirements for OTCQX-which was created ca 2009- your cited article makes no mention of otcqx -only talking about otc as otcbb and pinks

Many requirements of OTCQX are similar to big board and all OTCQX and even the lower otcqb stocks are SEC reporting -the same SEC and finra as with the big boards

many brokers etc are incredibly ignorant re the otc- reminds me of one broker i talked to for ca 30 minutes - he denied that otc stocks had financial reports- i said of courcse they do- i've read many thousands of financial reports on thousands of otc stocks,mentioning specifically otcqx board 7 times.
Like your cited article the broker didnt even know about the OTCQX!!!!!! - the last time i mentioned otcqx - he paused to look it up and came back and said otcqx was a mutual fund!!! - he missed the point entirely!!!!

many foreign blue chips reside on the OTCQX simply to avoid some of the regulatory red tape of big boards and the high cost of big board membership

i cant see any difference between the info provided by ZNOG on the OTCQX vs what ZN required on the Nasdaq -can you- show me how ZNOG's transparency in reporting has decreased by being on the OTCQX

that should be the focus-same SEC and SEC reporting requirements

the otc is not the wild west of pre-2000 days- otcmarkets, backed by FINRA and SEC, have greatly increased reporting requirements for all 3 otc tiers over the years- such that for all practical investor purposes OTCQX provides similar info to what ZN reported on the NASDAQ

Many otcqx stocks and even otcqb stocks and even many pink current stocks (many of which are sec reporting now but on pinks to avoid the increased fees of otcqb etc which began in 2014 nd 2015) are not just primarily market maker traded
and again the article doesnt even seem to recognize the existence of the OTCQX- which began ca 11 years ago!!!
e.g says "Unlisted stocks can be tracked via pink sheets or on the OTCBB"

by 'unlisted' he means not on a big board but they certainly are listed on the OTC and ALL OTCQX AND EVEN OTCQB stocks are SEC reporting -so there are logical flaws in all three of his arguments quoted above