Is Uplisting to OTCQB important for PCTL? YES! Add'l info:
What does it mean to uplist to the middle tier?
QBer's must maintain current reporting that is annually verified...Very important to PCTL Investors!!!
What is OTCQB Stocks trading over-the-counter is organized into three groups. The OTCQB, also called "The Venture Market," is the middle tier. It was created in 2010 and consists of early-stage and developing U.S. and international companies.
To be eligible, companies must be current in their reporting, undergo annual verification and certification, meet a $0.01 bid test, and may not be in bankruptcy. Companies listed here report to a U.S. regulator such as the SEC or FDIC. The fees for listing on OTCQB markets is $12,000 per annum, with a one-time application fee of $2,500.
The OTCQB replaced the Financial Industry Regulatory Authority (FINRA)-operated OTC Bulletin Board (OTCBB) as the main market for trading OTC securities that report to a U.S. regulator. As it has no minimum financial standards, the OTCQB includes shell companies, penny stocks, and small foreign issuers.
1. OTCQB is the middle-tier of OTC markets and lists early-stage and developing companies in the U.S. and international markets.
2. Companies must meet minimum reporting standards, pass a bid test, and must undergo annual verification.