Replies to post #35963 on Mirage Energy Corp (MRGE)

[PennyStockTrader2]

MANY stocks on the OTC file as Alternative Reporting Standard instead of SEC reporting, you can see which a company uses under Company Profile. Its a cheap way to allow for a stock to be tradable, and there is a template that is used as a basis for the reports that includes basics like balance sheet, income statement, as well as information on any shares issued, etc. Im told we can do a quarterly report for about $3K for Mirage compared to maybe $15K for an SEC quarterly, maybe more.

Basics on the standards can be found here:
https://www.otcmarkets.com/learn/reporting-standards

The standards for Pink Current and Pink Limited companies in the form of a Word template can be found here:
https://www.otcmarkets.com/files/Disclosure_Guidelines_for_Bank_Reporting_Companies.docx

A useful Market tier chart can be found here:
https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf

this is an interesting video as well for advanced folks:

While they have decent resources, the more I explore, the more I find there are exceptions that are not documented and which they will refuse to tell you about when you ask - they'll tell you that they will only talk to company representatives. They wont even talk to your brokerage house if you want to complain thru your brokerage house (i.e Fidelity, Schwab, etc.) that they are not following what appears to be their published standard timelines for companies.