Paychest Inc (PYCT)

[lemondrop]

Company Verified Profile

On May 16, the Securities and Exchange Commission (SEC) updated their Compliance and Disclosure Interpretations confirming that the OTCQX® and OTCQB® marketplaces are now considered “established public markets” for purposes of establishing a public market price when registering securities for resale in equity line financings. Companies may now use their OTCQX or OTCQB marketplace designation to complete an equity line financing registration statement, and may rely on quotes published on our SEC-registered Alternative Trading System, OTC Link® ATS, to establish a public market price when raising capital.

The SEC’s decision comes after a decade of changes and improvements in technology, transparency and regulation in our marketplaces, and marks an important development for SEC reporting companies. The SEC’s May 16 Compliance and Disclosure Interpretation updating the Established Public Market policy is available. See Question 139.13.

http://www.otcmarkets.com/stock/PYCT/company-info