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Re: Sirpeter post# 58506

Wednesday, 06/06/2012 3:48:32 PM

Wednesday, June 06, 2012 3:48:32 PM

Post# of 232507
Here are the requirements for the OTCQX:

http://www.otcqx.com/qx/otcqx/requirements

OTCQX Requirements & Fees
The OTCQX requirements support a transparent marketplace with high quality issuers, financial information disclosure and efficient trading for U.S. investors.

OTCQX has a baseline set of requirements for U.S. corporations and international businesses incorporated in the U.S. Companies that are incorporated outside the U.S. should follow our international standards.
Any issuer with proprietary priced quotations published by a market maker on OTC Link will be eligible to enter the tier for which it is qualified. Companies that meet the financial requirements of NASDAQ's Capital Market Continued Listing Standards may be eligible for the higher OTCQX U.S. Premier Tier.
OTCQX U.S.

Ongoing operations (no shells, blank check or special purpose acquisition companies);
A minimum bid price of $0.10 (for preceding 90 business days);
The company may not be subject to any bankruptcy or reorganization proceedings;
The company must be duly organized, validly existing and in good standing under the laws of each jurisdiction in which the company is organized;
At least 50 beneficial shareholders, each owning at least 100 shares of the Company's common stock;
Ongoing quarterly and audited annual financial reports posted on OTCQX.com, a premier website for qualifying companies (SEC Registered issuers can use EDGAR); and
Inclusion in the Standard & Poor's Corporation Records or Mergent Manuals (fka Moody's Manuals), which satisfies the Blue Sky requirements for secondary transactions in many states, together with a list of any other states in which the security is Blue Sky compliant and eligible to be sold by brokers in those states;
DAD Letter of Introduction upon application process completion and quarterly and annually thereafter to OTC Markets Group Inc. confirming that the issuer has made adequate current information publicly available and meets the tier inclusion requirements.