for some reason this topic always draws confusion. We were trading on the OTC:BB, we were delinquent in SEC filings. We obtained the "E" giving us time to file SEC documents. ACT did not file within the grace period and was not allowed to TRADE on the BB. Therefore they TRADED on the pinks until they became SEC compliant again and refiled to once again trade on the BB. At no time during this process were they a pinksheet stock, they always remained a SEC reporting stock. You cannot just quit being a SEC reporting company unless you file paperwork that meet exemptions from being SEC reporting.
Bottom line, ACT traded on the pinks during delinquency...that is it.
What is the difference between OTC, other-OTC and OTC Bulletin Board (OTCBB)? And where do the Pink Sheets fit in? An over-the-counter (OTC) security is generally considered to be any equity security that is not listed on NASDAQ, NYSE or Amex. The OTCBB and the Pink Sheets are both quotation services for OTC securities. NASDAQ operates the OTCBB service and permits FINRA members to quote any OTC security that is current in certain required regulatory filings (see Listing Requirements). The Pink Sheets is a privately owned company that permits FINRA members to quote any OTC security and does not maintain regulatory filing requirements. http://www.otcbb.com/faqs/otcbb_faq.stm
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