Bioelectronics Corp (BIEL)

[srinsocal]

Wrong Again

<<<<<<<<<< OTC is builtin board and the rules are different. >>>>>>>>>>>

My first paragraph was shortened to stay on the "only one 211 Filing is needed" subject.

The full paragraph reads,

"Market Makers play a critical role in the going public process when compiling information required by Rule 15c-211 and submitting the Form 211. The last step in a going public transaction is for the soon-to-be-public company to locate its sponsoring market maker for its Form 211. In order to obtain a ticker symbol, the company must be listed on a national securities exchange or qualify for quotation on the OTC Markets’ Pink Sheets, OTCQB, or OTCQX markets."

And this paragraph is also in the article,

FINRA Comment Process in Going Public Transactions

"Once the market maker has submitted the Form 211, FINRA may render comments to the application. The sponsoring market maker and the company must respond to these comments. Once FINRA is satisfied that the disclosures satisfy the requirements of Rule 15c2-11, a trading symbol is assigned and the market maker can quote the company’s securities. Once this occurs, the securities can be quoted on the OTCMarkets platform and investors can purchase them through their brokers."

https://www.securitieslawyer101.com/2018/sponsoring-market-maker-211-15c-211/

Every OTC Company has a Market Maker. 10 second Trading times do not happen without a Market Maker selling to you when you want to Buy and buying from you when you want to Sell.