Thursday, June 01, 2023 1:02:47 PM
Rules of the OTCQB
To be eligible, companies must be current in their reporting, undergo annual verification and certification, meet a $0.01 bid test, not be in bankruptcy, have at least 50 beneficial shareholders, each owning at least 100 shares, and a public float in excess of 10% of the total shares outstanding—some flexibility is offered with regard to the latter requirement.
Companies listed here report to a U.S. regulator such as the SEC or FDIC and must follow standards to improve transparency—those who are most likely to be associated with stock promoters and other shady operators will be excluded. The fee for listing on OTCQB markets is $14,000 per annum, with a one-time application fee of $5,000.
All of my posts are of my own opinion. I am not a trading professional and none of my comments are for trading purposes. Trade at your own risk.
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