Posted On: 03/01/2014 6:40:41 PM
Post# of 8059
OTC markets newsletter
Click here to view the full survey results.
OTCQB CEOs and CFOs Strongly Support Creating a Better OTCQB Venture Stage Marketplace
OTC Markets Group recently conducted a survey of OTCQB ® and OTCQX ® U.S. companies regarding planned improvements to the OTCQX and OTCQB marketplaces and ways we can improve the marketplaces and enhance shareholder value for the companies that trade there. Below are the results of the survey, which were shared in an e-mail notification to issuers this month.
Profile of Respondents
| • | Over 70% of respondents are CEO or CFO of their company. |
| • | A majority identified their company’s primary marketplace as OTCQB; only 15% identified their marketplace as FINRA’s OTC Bulletin Board (“OTCBB”). |
| • | Over 80% have market capitalizations ? $50 million; 40% have market capitalizations ? $10 million. |
Aggregate Responses
| • | Over 60% of respondents believe their company will be listed on NYSE or NASDAQ within five years. Based on historical figures, the likelihood is that approximately 10% will achieve this goal, indicating that most OTCQX U.S. and OTCQB officers are aspirational and optimistic about their future growth prospects. |
| • | 85% of respondents indicated they would like a marketplace with moderately high standards, but with a lower-cost compliance process. Only 2% said they would like to see low or no standards or qualifications. |
Click here to view the full survey results.
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