Reality check. If the company was such a good company selling such a hot product, they never would have been listed on the OTCBB in the first place. They would have opted for an original listing on the Nasdaq in the first place. The cost for a listing on a major exchange is hardly more than a listing on the OTCBB. The only difference is the reporting requirements. The disclosure that the company must provide investors on a timely and regular basis.
There's the dark truth. The only reason a company lists on the OTCBB is precisely because they do not want to meet the stricter reporting requirements of a major exchange. They do not want to disclose to investors the truth about what's really going on.
For some mystery, Premier Brands Inc. elected to list on the OTCBB rather than Nasdaq.
Why?
I'm not really sure... But Bad Boy Vodka product will put huge change in their revenue slot.
One huge advantage of being on OTCBB, is they can stall reporting earnings..
Which can be good thing... For shareholders.
"The stock market is simply the transfer of wealth from the impatient to the patient."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.