It all depends on the companies situation. The rules and regulations have been in a process of becoming more and more difficult all in an effort to make "scam" company's less abundant in our markets. Many of the MM's I use to communicate with no longer service 15C211 packets for pinksheet companies. Those that do have very strict information packet requirements. The over all process can be completed in 45-60 days provided all the information requirements for FINRA and the SEC are met. But I seen it take 18months. While the information request sheets are simple and often consist of 4 or 5 documents ( 211 filing requirements, Due Dili Certification, Officers and Directors Questionnaire and the Form 211), the supporting documentation for the MM, can and often does fill a 2" plus 3 ring binder. I have been through this process several times, elevating status from greys to pinks, taking companies public organically. For the time and effort, Organic all the why!
Bababooyah: I would be interested to learn more about what your goals are. Pm me any type of contact if you like, as I only have a free account. Can get them , just cant send.
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