This switch by the MM was a surprise with no heads up by anyone.
It appears the OTC Markets has been reorganizing its exchange into three tiered units:OTCQX,OTCQB and OTC Pinks.
RTG Ventures is a fully reporting company which was dual listed on the BB and the Pink sheets since Oct, 2007. Recently, certain systemic changes have now taken place within the Exchange. The OTC Market have upgraded designations within their exchange to segment reporting companies and non-reporting companies.These new trading platforms have emerged which appear to be the market makers preferred vehicles for trading as they are less expensive and more efficient than the BB. My research tells me the OTCQX and OTCQB have more prestige today than the BB does r certianly will soon. It is also anticipated that by erosion, the Market Makers intend to move companies to the OTCQX /QB until the BB dies of its own weight. In other words: the MM's chose the medium. The issuer has no vote, the MM's have the choice.There is no requirement to advise the issuer, nor is there any negative connotation to an exchange change of this type. Many advise it will eventually be considered an upgrade from the BB. (Opinion) In any event, it is merely a reclassification by the MM's.
The 15c211 "failure" is that the Market Makers, one by one, chose to trade on the OTCQX/QB, rather than the BB.Once that took place, by default, the Market Makers chose to make RTGV's market on that platform.
RTGV's previous sponsor to the BB is no longer supportive of the BB and places new clients onto the OTCQX/QB. The company could search around for another mm, but they could get moved again if it is about trading and it is more expensive, with no upside, to trade on the BB.
There are all kinds of bells and whistles on these exchanges available should shareholders have an intellectual curiousity on www.OTCMarkets.com. In a word, RTG is fully reporting, transparent and will continue to be so. Much ado about nothing!!
There should be no confusion with companies who fail to meet their reporting requirements and are delisted from other Exchanges to the OTC Pinks.
Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!
