Posted On: 05/04/2014 9:44:38 PM
Post# of 8059
just info-the otcqb application fee is 2500, the new annual fee to be listed on otcqb is 10,000,(presumably in addition to fees for various filings)which will keep some co's off of otcqb, as many co's dont have that much net income- does not affect CWRN now or in the future though,as CWRN receives millions of profit on each ship
Changes to the OTCQB Venture Stage Marketplace
We recently announced new eligibility requirements for OTCQB to make it a better venture stage marketplace for early stage and developing U.S. and global companies. Click here to learn more about the new OTCQB requirements.
Important dates to remember:
May 1, 2014:
• Companies that do not meet the minimum bid test ($0.01) will be downgraded to OTC Pink
• Bankrupt companies will be downgraded to OTC Pink
• International Reporting companies on a Qualified Foreign Stock Exchange will be able to apply to trade on OTCQB
120 days after a company’s fiscal year end (FYE):
• OTCQB companies must comply with the OTCQB standards, starting with companies with a March 31, 2014 FYE
• Companies that do not comply with the new procedures within the required timeframe will be downgraded to OTC Pink
Prospective OTCQB companies as of May 1, 2014:
• Submit an application, pay the required fees and follow the new procedures in order to become traded on OTCQB
• New SEC registered or Bank Reporting issuers will not automatically trade on OTCQB
Please contact our Corporate Services team at issuers@otcmarkets.com or +1.212.896.4420 to learn more.
Changes to the OTCQB Venture Stage Marketplace
We recently announced new eligibility requirements for OTCQB to make it a better venture stage marketplace for early stage and developing U.S. and global companies. Click here to learn more about the new OTCQB requirements.
Important dates to remember:
May 1, 2014:
• Companies that do not meet the minimum bid test ($0.01) will be downgraded to OTC Pink
• Bankrupt companies will be downgraded to OTC Pink
• International Reporting companies on a Qualified Foreign Stock Exchange will be able to apply to trade on OTCQB
120 days after a company’s fiscal year end (FYE):
• OTCQB companies must comply with the OTCQB standards, starting with companies with a March 31, 2014 FYE
• Companies that do not comply with the new procedures within the required timeframe will be downgraded to OTC Pink
Prospective OTCQB companies as of May 1, 2014:
• Submit an application, pay the required fees and follow the new procedures in order to become traded on OTCQB
• New SEC registered or Bank Reporting issuers will not automatically trade on OTCQB
Please contact our Corporate Services team at issuers@otcmarkets.com or +1.212.896.4420 to learn more.
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