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Re: swiamca post# 16493

Thursday, 10/17/2013 10:08:01 AM

Thursday, October 17, 2013 10:08:01 AM

Post# of 85920
Yes it's an upgrade. Basically the difference being that to trade on the QTCQB you have to be fully reporting I believe.

OTC Pink Limited
"Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to provide disclosure pursuant to OTC Pink Basic Disclosure Guidelines. Companies in this category have limited financial information not older than six months available on the OTC Disclosure & News Service or have made a filing on the SEC's EDGAR system in the previous six month"

OTCQB
"The OTCQB® marketplace offers informed trading for securities for smaller or developing companies that are reporting to a U.S. regulator (SEC, Bank, or Insurance). Since OTCQB has no minimum financial standards, it includes shells and penny stocks that are current in their disclosure to regulators.

The OTCQB marketplace has effectively replaced the FINRA operated OTC Bulletin Board (OTCBB) as the primary market for SEC and bank reporting securities that trade off the exchanges"

http://www.otcmarkets.com/learn/otc-market-tiers