Replies to post #81053 on Global Poletrusion Group Corp. (GPGC)

[pennypauly]

What are the eligibility requirements for the OTCBB?
In order for a security to be eligible for quotation by a market maker on the OTCBB, the security must be registered with the Securities and Exchange Commission (SEC) or other federal regulatory authority that has proper jurisdiction (see below) and the issuer must be current in its required filings with such federal authority. Domestic issues quoted on the OTCBB are limited to the following securities:
securities of issuers that make current filings pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ("Act");
securities of depository institutions that are not required to make filings under the Act, but file publicly available reports with their appropriate regulatory authorities;
securities of registered closed-end investment companies; and
securities of insurance companies that are exempt from registration under Section 12(g)(2)(G) of the Act.
Foreign issues and ADRs must be registered with the Securities & Exchange Commission (SEC) pursuant to Section 12 of the Securities Exchange Act of 1934.
See Filing Information for more information on filing requirements and how FINRA processes OTCBB issuers' filings.
How many market makers are required for a security to be on the OTCBB?
A minimum of one market maker is needed.
What are the fees for posting quotations on the OTCBB?
Market makers pay a fee for participating in the OTCBB of $6 per security per month.
Does the OTCBB have shareholder approval rules?
No. The OTCBB does not have shareholder approval rules.
Is an OTCBB issuer required to have an audit committee?
OTCBB issuers may choose to have an audit committee, and certain OTCBB issuers may be required to have an audit committee by virtue of an applicable law or rule. However, the OTCBB rules do not separately require OTCBB issuers to establish or maintain an audit committee.
How does a company get on the OTCBB?
An issuer may not submit an application directly to be quoted on the OTCBB. A market maker must sponsor the security and demonstrate compliance with SEC Rule 15c2-11 before it can initiate a quote in a specific security on the OTCBB.