Replies to post #20146 on Charge Enterprises Inc (fka CRGEQ)

[parrot head]

MONEY!!!! and growth in a nutshell.

Copied: In general, the reason for which a stock is traded over-the-counter is usually because the company is small, making it unable to meet exchange listing requirements. Also known as "unlisted stock", these securities are traded by broker-dealers who negotiate directly with one another over computer networks and by phone.

Although Nasdaq operates as a dealer network, Nasdaq stocks are generally not classified as OTC because the Nasdaq is considered a stock exchange. As such, OTC stocks are generally unlisted stocks which trade on the Over the Counter Bulletin Board (OTCBB) or on the pink sheets

[Ryoko]

To get on OTC or higher, the company needs to register itself and the stock with the SEC. Then it needs to meet the listing requirements for the desired exchange and file an application.

Yes, the company is already filing some stuff with the SEC, but they are not considered fully public until the stock is registered and their finances are audited by a qualified auditor. IIRC, to get on OTC they need an audit going back 2 years and registration and approval from the SEC to be publicly traded. SEC approval takes several months. The shortcut is to do a reverse merger with a publicly traded company. But that's complicated and takes almost as long.