Thirsty;
Thanks for the corrections -- you appear to know your SEC regs. However in every instance you site, I have seen just the opposite.
Don't tell me that pinksheet stocks comply fully with SEC reporting regs, because I can show you thousands of examples that illustrate just the opposite. Tell me where stocks that are delinquint on filing 10Qs & 10Ks or withdraw their reports end up? Pinksheets.
The company pledge to stay current is just that: a pledge -- and we hope they satisfy their pledge. I put it in the same category as the company saying their not going BK. When have you heard a company say they expect to go BK?
I have seen many stocks go from every major exchange to OTC-bb and dually listed on bb & pk. And I have seen OTC-bb stocks go to pinks. Yes, it takes the MM's registered to trade on either.