Which "exchange of choice"? Here in the States or foreign?
Here's the listing requirements for the Int QX. I'll be damned if I can find a direct link anywhere to a min bid requirement.
I could be wrong. And I want someone to correct me if I am, so I'm throwing out my understanding of the Int QX versus the domestic versions.
It seems the Int QX is just a pathway for established International companies to gain easy access to the pinksheets site and all it offers. That's why you see all the QX companies with such high share prices.
Anyways, read this and give me your feedback or paste something for me that says a min bid is required.
Admission Criteria for International OTCQX
Designed to identify the largest of the international exchange listed issuers, admission to this tier requires:
Meets the qualifications of the New York Stock Exchange's Worldwide Standards;
Meets all of the requirements of the International PrimeQX Tier below.
Designed to identify international exchange listed issuers that are not of sufficient size to be on International PremierQX. Entry to the International PrimeQX tier requires that issuers be:
Listed on a Qualifying Foreign Stock Exchange.
Appoint a Principal American Liaison (PAL).
Be current in 12g3-2b obligations and information is posted in English on Pink Sheets News Service - so investors have access to credible disclosure.
Have proprietary quotations published by a Market Maker in the Pink Sheets - so there is a ready market for U.S. investors in a highly visible trading venue.
Included in the S&P or Mergent Manual for Blue Sky compliance - so brokers can sell the security in up to 38 states*.