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Re: ib12u post# 50297

Friday, 05/17/2013 8:27:11 AM

Friday, May 17, 2013 8:27:11 AM

Post# of 71458

The OTCQB market is considered to be the middle tier of the OTC market for companies and penny stocks that do not qualify for the OTCQX market – the top tier of the OTC market. The OTCQB was created in 2010 and is now home to nearly 4,000 small and emerging companies – including many penny stocks.

Companies and penny stocks listed on this tier report to the Securities and Exchange Commission (SEC) or with an appropriate banking regulator. However, there are no financial or qualitative standards for a company or penny stock listed on this tier.



http://www.smallcapnetwork.com/How-to-Invest-in-Penny-Stocks-Understanding-the-OTCQB-Over-the-Counter-OTC-Market/s/article/view/p/mid/9/id/19/


Recently, it seems that companies must be OTCQB to sell shares to the toxic guys. IMO there is no advantage to investors. What I do see is a long term business without assets or revenue and so much debt that there is almost no chance that anything could save it. But, GLTY there may be some potential for small bounces here or maybe even a promo.

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