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Re: Zardiw post# 74296

Wednesday, 10/27/2010 12:05:56 PM

Wednesday, October 27, 2010 12:05:56 PM

Post# of 312016
OTCQX is mainly a marketing ploy, as I explained here: http://steamcatapult.com/2010/10/03/the-pink-sheets-then-and-now/

Pink OTC Markets sells companies that meet pretty minimal requirements (e.g., not being bankrupt, having a share price above 10 cents per share, being an operating company, reporting current information in some form, etc.) the right to be placed on the OTCQX for a $5k application fee plus a $15k annual fee.

There are mega cap foreign multinationals that prefer to trade on the "Pink Sheets -- Current Information" tier rather than pony up $15k annually to join the same tier as JBII.