"I thought the OTC was a little light on wanting more transparency. At times it seemed he wanted to avoid certain aspects because of fear of losing more volume and money flowing into the OTC. I also expected him to pitch the OTCQB a little more than he did, it was merely a "suggestion" based upon numbers of participants as opposed to a standard that should be adopted overall."
A "little light" is putting it very mildly. I got the impression that in the midst of all the seriousness of other speakers, he was about ready to try to sell a car. Nothing really came up that while his "sales pitch" was exclaiming a place for reporting by companies, that by no means was it any security for any accuracy or even being very current with the information. Sure there is some time criteria before any company gets put into a lower category of the pink, but it doesn't even come close to a viable solution and a reasonable place to believe a companies listing.
There's no criteria for the company to be giving actual current information or even correct information. It basically is just a listing service for whatever the company chooses to list.
How many times one looked at BEHL's info and had it lacking of any current snapshot of the company? An easier count would be how many times it was accurate? BEHL always waited to update the share structure only about a couple of weeks before they raised it again, making it again very misleading.
Admittedly, there might be some companies that are better at giving the correct information about their company, but the fact there is really no structure to confirm that, there too many like BEHL to pick any accurate ones out. This leaves investors unable to use the very tools the otc was trying to sell.
Also as you stated the OTCQB wasn't part of inventory trying to be sold.
