Posted On: 06/17/2015 7:15:36 PM
Post# of 876
Re: gremlin9999 #401
Thats as high as WOLV can list w bid price below 10c-the min for the next level- OTCQX-see below
since WOLV was still SEC reporting-many SEC reporting co's are now on pinks due to non regulatory OTC's new min bid price rules for OTCQB etc--but many people dont know that -
so I guess Mr Haderer is just doing everything possible to maximize WOLV exposure-to make sure investors can see at a glance that WOLV is SEC reporting-because a lot of big investors cant invest in a non-SEC reporting company-
and since before the OTC's new rules SEC reporting and OTCQB (compared to pinks) were mutually inclusive ....he must want to make sure every investor can see that at a glance without knowledge of OTC's new games
its also an indication WOLV doesnt think money will be a problem because they have to pay an annual surcharge of 10k to be on the OTCQB now- no real reason for that that i can see-but OTC is a for profit public corporation and they get much of their revenue from the fees they charge co's to list on the pinks,plus OTCQB and OTCQX
the next level would be OTCQX-which is similar in many ways qualitatively to big boards and has many foreign blue chips which dont want the hassle of the extra rules and costs of big boards
OTCQX U.S. Requirements
..........
Meet one of the following exemptions, consistent with the definition of a “Penny Stock” under Rule 3a51-1 under the Securities Exchange Act of 1934:
Have a bid price of $5 or more; or
Have net tangible assets of $2,000,000, if the issuer has been in continuous operation for at least three years, or $5,000,000, if the issuer has been in continuous operation for less than three years; or
Have average revenue of at least $6,000,000 for the last three years.
A minimum bid price of $0.10 (for preceding 30 consecutive calendar days)
since WOLV was still SEC reporting-many SEC reporting co's are now on pinks due to non regulatory OTC's new min bid price rules for OTCQB etc--but many people dont know that -
so I guess Mr Haderer is just doing everything possible to maximize WOLV exposure-to make sure investors can see at a glance that WOLV is SEC reporting-because a lot of big investors cant invest in a non-SEC reporting company-
and since before the OTC's new rules SEC reporting and OTCQB (compared to pinks) were mutually inclusive ....he must want to make sure every investor can see that at a glance without knowledge of OTC's new games
its also an indication WOLV doesnt think money will be a problem because they have to pay an annual surcharge of 10k to be on the OTCQB now- no real reason for that that i can see-but OTC is a for profit public corporation and they get much of their revenue from the fees they charge co's to list on the pinks,plus OTCQB and OTCQX
the next level would be OTCQX-which is similar in many ways qualitatively to big boards and has many foreign blue chips which dont want the hassle of the extra rules and costs of big boards
OTCQX U.S. Requirements
..........
Meet one of the following exemptions, consistent with the definition of a “Penny Stock” under Rule 3a51-1 under the Securities Exchange Act of 1934:
Have a bid price of $5 or more; or
Have net tangible assets of $2,000,000, if the issuer has been in continuous operation for at least three years, or $5,000,000, if the issuer has been in continuous operation for less than three years; or
Have average revenue of at least $6,000,000 for the last three years.
A minimum bid price of $0.10 (for preceding 30 consecutive calendar days)
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