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Posted On: 09/06/2019 9:37:24 AM
Post# of 145917
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Re: Evil Rabbit #7422
Yeah I read this today, a CEO discussing the advantages getting off OTC.
Quote:
By the way, people ask, why do we care about analysts’ reports? It’s because when a broker likes a stock, he wants to recommend it to a client, the ability for that broker to point to an analyst’s report with a buy recommendation gives that broker a tremendous amount of comfort and protection, especially from scrutiny.
This was another really important reason for us to list on NASDAQ, because analysts don’t cover OTC stocks, and brokers don’t recommend OTC stocks.
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