Quote from your link ... 15c211 was designed to allow fully reporting public companies to have their securities quoted on the Over-The-Counter Bulletin Board ("OTCBB") by filing some simple disclosure.
KATX is not a fully reporting company yet and the 15c211 has nothing to do with them trying to get on the OTC.BB It's about getting M Ms for companies like KATG that is on the OTC.BB via BVIG but not quoted yet as KATG. You are confusing OTC.BB and Pinks which are non reporting.
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