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StockScout1

09/09/15 8:26 AM

#258275 RE: Fizzman #258269

IMO, they probably figure, in a couple weeks it won't matter. Besides they meet all the requirements but PPS, WHICH in a couple of weeks will be around .25-.26 anyways, post 10/1//15.

BREAKING DOWN 'OTCQB'

Most broker-dealers electronically quote prices for securities of SEC-reporting companies on the OTCQB marketplace through OTC Link, an inter-dealer quotation and trading system developed by OTC Markets Group. OTC Link is registered with the SEC as a broker-dealer and also as an alternative trading system (ATS). OTC Link enables broker-dealers not only to post and disseminate their quotes, but also negotiate trades through the system’s electronic messaging capability. This feature enabled it to effectively replace FINRA’s OTCBB, which was a quotation-only system.

All broker-dealers that trade OTCQB, OTCQX and OTC Pink securities have to be FINRA members and registered with the SEC; they are also subject to state securities regulations.

As with exchange-traded securities, investors trading OTC securities are protected from an unethical broker-dealer’s illegal practices by the same SEC / FINRA rules such as Best Execution, Limit Order Protection, Firm Quotes, and Short Position Disclosure.

Read more: OTCQB Definition | Investopedia http://www.investopedia.com/terms/o/otcqb.asp#ixzz3lF8IAyGZ

Comply with OTCQB Requirements
The OTCQB Venture Marketplace is for entrepreneurial and development stage U.S. and international companies that are unable to qualify for OTCQX. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. Companies must meet a minimum $0.01 bid price test and may not be in bankruptcy.

Summary of Requirements for Companies

Current in their disclosure to a U.S. regulator or listed on a qualified international stock exchange
Meet a minimum bid price test of $0.01 and may not be in bankruptcy
Submit an application to OTCQB and pay an application and annual fee
Verify that the Company Profile displayed on www.otcmarkets.com is current and complete
Submit an OTCQB Annual Certification verifying officers, directors, controlling shareholders, and shares outstanding
Click here for more information on requirements for each of the Reporting Standards.


Corporate Services for OTCQB Companies

OTC Disclosure & News Service enables companies to share reports, news, videos, investor presentations and more. Learn more.
Real-Time Level 2 Quotes available for free to all investors on www.otcmarkets.com and on your company IR website (via API link, as requested). Learn more.
OTCIQ Quote & Trade History Dashboard. Learn more.
Dedicated Support Line. Learn more.
http://www.otcmarkets.com/learn/otcqb