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The70th

03/27/12 1:46 PM

#3352 RE: jaxstraw #3350

I am really excited that this is on the move, again. In my opinion, the acquisition of a new CEO is going to help further things along quite a bit. New, experienced (hopefully, in public companies) blood in the company usually signals big changes, and compared to how this company has been running lately (at least from a shareholder's perspective), any change will hopefully be good change.

- TT

jaxstraw

03/28/12 3:44 PM

#3354 RE: jaxstraw #3350

How does a company follow the Alternative Reporting Standard?

An Issuer can follow the Alternative Reporting Standard by publishing their financial reports and other material disclosure on the otcmarkets.com website, where it's available to all investors. Each company must Subscribe to the OTC Disclosure & News Service, a simple online tool that gives companies the ability to distribute current financial reports, news and research to investors.

Companies choose what information they provide to investors and may have current, limited or no public disclosure. OTC Markets has created Guidelines for Providing Adequate Current Information in order to assist issuers with understanding their disclosure obligations under the Alternative Reporting Standard.

Companies with securities traded on the OTC market represent a broad and diverse group with a variable level of financial strength, disclosure availability, and management quality. Investors can easily identify which OTC Pink companies follow the Alternative Reporting Standard by the icons that appear next to each company name and trading symbol on otcmarkets.com: OTC Pink Current Information, OTC Pink Limited Information, and OTC Pink No Information.

A company that follows the Alternative Reporting Standard and posts a quarterly Attorney Letter, pursuant to OTC Markets' Guidelines for Attorney Letters,will be classified in the Current Information tier on otcmarkets.com.

OTC issuers that demonstrate their commitment to investors by providing timely disclosure and meet the OTCQX U.S. Qualification Standards or the OTCQX International Qualification Standards are eligible to apply for the OTCQX tier.


How can an OTC-traded company benefit from following the Alternative Reporting Standard?

- A company that follows the Alternative Reporting Standard is providing vital material information to the market through the OTC Disclosure and News Service. A company's level of public disclosure determines the company's classification in the OTC Pink Disclosure Tiers, symbolized by the Disclosure Tier icon on that company's profile page on otcmarkets.com.

-A company that follows the Alternative Reporting Standard is demonstrating their desire to make full disclosure available to their investors and the marketplace in general. This sort of company is showing the level of commitment they have to their investors by making material information publicly available.

-A company that follows the Alternative Reporting Standard is demonstrating compliance with Federal and State securities laws.

- A company that follows the Alternative Reporting Standard is helping to protect affiliates by making material information publicly available to all investors, so as to decrease the risk of violating SEC Rules 10b-5 and 10b5-1 of the Securities and Exchange Act of 1934.



http://www.otcmarkets.com/companies-advisors/otc-company-reporting