Replies to post #16498 on Treaty Energy Corp. (fka TECO)

[justhere]

TECO migrates to the OTCQB tier of the OTC Marketplace


Quote:
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A supplied explanation from the Treaty IR to answer why Treaty is falsely listed as a pink in certain places and not correctly as a OTCQB
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Treaty's Investors Relation, Osprey Partners, explains that TECO has migrated from the OTCBB quotation and trading system to the OTC Markets Group Inc. quotation and trading system - TECO's stock is now quoted on the OTC Markets (www.otcmarkets.com/stock/apdn/quote) OTCQB tier. OTC Markets provides free level II real time quotes.

This change was caused as a result of a large migration of brokers from the OTCBB quotation system to the OTC Markets quotation system. OTC Markets provides an electronic platform contrary to the OTCBB quotation system which continues to operate on a telephonic trading platform. This change was not caused by any action or inaction by TECO. TECO continues to be in full compliance with all of its reporting requirements. According to otcmarkets.com, in the past 30 calendar days, there have been 837 publicly traded companies that have moved from being dually quoted (OTCBB and OTC Link) to being quoted exclusively on the OTC Link platform. As of the end of last week, priced quotes published on OTC Link made up 95% of priced quotes in the OTC marketplace. This movement shows brokers' continued support of the electronic OTC Link system, as they migrate to quote exclusively on this platform.

Trading information for TECO may take a while to be updated in some trading platforms and quotation systems for example, YAHOO which continues to falsely list TECO as a pink sheet. For current stock quotes for TECO, investors can always go to the www.otcmarkets.com website to stay current on TECO's trading activity and stock price.

About OTC Markets Group, Inc.

OTC Markets Group Inc. operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity-trading venue, after NASDAQ and the NYSE. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB (the U.S. reporting company marketplace for development stage companies), and OTC Pink (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group, Inc. makes the unlisted markets more transparent, informed and efficient, visit www.otcmarkets.com.