There are 7 classifications of OTC(over the counter)stocks
1)skull and bones-various reasons-many of stocks promoted by penny newsletters are skull and bones
2)grey market- a mining co reworking old Montana gold mine went straight from grey market to otcqx recently-unusual-.60/SH
3)no information(no posted financials)CWRN's current status
4)limited info-some financial info but not complete or current-was CWRN'S status through 9-30-09-but dropped due to extra legal and accounting fees etc
5)current info-this will be CWRN'S status come April w audited financials,if not higher,because audited fin's very rare at this class
6)otcqb(formerly full quote)sounds like could be CWRN'S status/intent
7)otcqx-most transparent-disclosure approaching that of major exchanges-variable 25-150 companies -often foreign-who don't want hassle of major exchange requirements or can't meet one of the many requirements
Entire OTC is changing rapidly w emphasis on increasing professionalism and transparency.
Generically(the sense I believe CWRN is using)PINKSHEETS and OTC and OTCBB refer to all 7 classes,w recent nomenclature change from pinkshheets to OTCBB,w specifically otcqb and otcqx called otcbb classes while the lower 5 classes are now specifically called pinksheets(formerly all 7 called pinksheets specifically).
Generically pinksheets includes stocks up to one hundred plus dollars/share,though most pennies are under $5,and companies w at least 150 million remain on otcbb for various reasons(e.g low share price due to bashing that doesn't reflect company fundamentals).
Min share price of one dollar plus many other financial fundamentals are required for major exchange listing.
