Wednesday, May 12, 2021 12:39:37 PM
Pink No Information
Companies that are designated as “Pink No Information” or otherwise fail to provide current information as required by the Rule will no longer be eligible for public quoting, subject to certain limited exceptions (for example, certain quotations submitted on an “unsolicited” basis). If these companies do not take proactive steps to make disclosure available before the September 2021 compliance date, they will move to the Expert or Grey market.
https://blog.otcmarkets.com/2021/01/26/transforming-the-otc-markets/#:~:text=Rule%2015c2%2D11%20serves%20as,biotech%20startups%20to%20multinational%20corporations.
***The SEC's Amended Rule 15c2-11 will come into effect in September where all Alternate Reporting (not registered with the SEC) will be required to have accurate and adequate disclosures at OTC Markets, and I suspect even delinquent SEC registered stocks will also lose compliance to Rule 15c2-11 and consequently lose Market Maker quotations.
Every investor's FIRST due diligence is to check EDGAR to see the reporting status of any stock being considered for stock trading.
https://www.sec.gov/edgar/searchedgar/companysearch.html
It is understood that all posts on the site are to be considered opinions. They do not need to indicate this in their posts.
Readers determine the veracity of the posts they read and the credibility of other Users
Mass Megawatts Commences Solar Energy Sales Efforts • MMMW • Oct 16, 2024 7:45 AM
SANUWAVE Health Announces 1-For-375 Reverse Stock Split • SNWV • Oct 16, 2024 7:40 AM
Future Hospitality Ventures Unveils Bold, New AI-Driven Initiative to Revolutionize the $300 Billion Hospitality Market • NGTF • Oct 16, 2024 7:07 AM
Kona Gold Beverages, Inc. Announces Strategic Progress and Corporate Evolution • KGKG • Oct 15, 2024 9:00 AM
One World Products Secures First Order for Hemp-Based Reusable Containers, Pioneers Renewable Materials for the Automotive Industry • OWPC • Oct 15, 2024 8:35 AM
ZenaTech, Inc. (NASDAQ: ZENA) First US Trial of IQ Nano Drone for Inventory Management • BURU • Oct 15, 2024 8:21 AM