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Re: ArcticFrost post# 30208

Thursday, 06/04/2009 10:46:46 PM

Thursday, June 04, 2009 10:46:46 PM

Post# of 112708
Yes, NASDAQ has listing requirements that take a while to meet. PINR can easily go from pink sheets to OTCBB (That's probably the acronymn you read.). OTCBB stands for Over The Counter Bulletin Board. It's the same as pink sheets, except they file quarterly financial statements and audited annual finanical statements. These can take a while to compile, depending on how many statements will need to be compiled for the SEC to consider PINR in compliance in order to uplist to OTCBB. It also takes some money to get accountants to do. It may be difficult for Mark in this case, because he may have to try to create accounting records from the previous owner, which may be next to impossible to compile. But, if PINR is going to uplist, OTCBB would be the next logical step.

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