OTC-BB Index (fka OTC-Ind)

[Mattu]

I believe we have to set out some minimum Criteria for a stock to make the grade, for example:

+ Shells should be excluded, as they respond differently than other OTC-BB's and there already is an excellent site tracking them: http://www.shellstockreview.com

+ Minimum average Volume, for the sake of liquidity, should be at least 10 to 20,000 shares per day...

I think we can do better than that. At least 50-100k in volume. Keep in mind there are a LOT of dormant OTCBB/Pinks out there. We don't want those.


+ Minimum Market Cap should probably be over $1 million, which should elimunate most of the Shells, anyway...

+ Minimum Sales of perhaps $500,000/year would eliminate companies that don't really have a business going...

+ Minimum share price of 1 cents should also be considered...

Agreed.


Matt, once we agree on all the main Criteria, all you have to do is feed them into a stock Screener to see what comes out of it... We can institute tougher Criterias to produce an OTC-BB Index with 100 stocks components (OTC-100), besides a broader one encompassing approximately 10% of all OTC-BB stocks (OTC-400 to 600), assuming we can get a figure on how many there really are...

Yahoo prints and index of 1900. These are apparently listed, reporting ones that they track. No pinks need to go on this thing.

In addition, the Indexes could be dynamic as to their components and reviewed monthly, since certain companies may stop filing and become Pink, while other suddenly make the Criteria grade...

Yes, this is what will keep the index valuable. Constant review of the included companies.


First thing is to get a complete list of OTC-BB companies from otcbb.com, apply the parameters discussed above and see how many are left standing... If there are too many, then let's evenly tighten the parameters to get the broad Index of 10% of all OTC-BB stocks and tighten even more to get the pick of the crop, the OTC-100, bearing in mind that all stock Indexes are Elitists...FG

Sounds like a good place to start. Yahoo does screening, but I don't think it does it for OTC. Will check. Got any other ones?

Also, we need a solid figure on the OTCBB Market (listed, reporting companies -- NO pinks)

MB