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Posted On: 09/02/2020 3:25:12 AM
Post# of 1033
Re: thanksmuch #683
I agree -new symbol ZNOG -theres nothing wrong with the OTCQX -all of which are SEC reporting companies and OTCQX in all material aspects that affect the average stockholder are the same imo
most investors and stockbrokers i've talked to are ignorant of the otc market- it is not the same as the wild west days of pre-2000
The ignorance of stockbrokers-who probably scare big board investors who ask about OTCQX- re otc is inexcusable-
one broker i talked to for half hour said "otc stocks have no filings" - i said. "of course they do- i spend as much as 8 hrs/day reading otc filings" - i mentioned otcqx 7 times to the broker - he didnt know what otcqx was-this was years ago- finally he looked up otcqx and said it was a mutual fund!!!!! -some ppl are so ignorant i dont know how they survive
all otcqb and otcqx stocks are sec reporting and so of course they will have all sec required filings- and otc markets gets more stringent re filings over time
OTCQX
OTCQX was created ca 2009- 1st time i saw it-2009-it had 25 companies -now there are more than 400 companies-many of the OTCQX co's are foreign blue chips who enjoy the savings- no 185k/yr big board fees and not as much red tape
the ladder of stocks is :
gray/grey stocks- no bids quotes allowed -still traded but have to guess bid asks since not reported
ce stocks- skull and bones set by otc when otc considers something deficient or out of line
no info class - no filings
limited info class- either financials twice/yr or less than fully reporting financials 4 times/yr
current class -financials filings up to date -many are now SEC rerting but casnot afford the otc 10k/yr surcharge to be OTCQB or stock bid is below 1c-those requirements were added by otc in 2014-2015 as part of a political process attacking penny stocks and an attempt to eliminate stocks below 1c pps
ce no info and limited info and current are all pink sheet stocks
Then OTCQB- used to be called fully reporting-all are SEC reporting -requires 1c pps
then OTCQX-the top otc tier -used to require 10 pps min- i think thats been upped to 25c pps min but not sure
https://www.otcmarkets.com/stock/ZNOG/news
most investors and stockbrokers i've talked to are ignorant of the otc market- it is not the same as the wild west days of pre-2000
The ignorance of stockbrokers-who probably scare big board investors who ask about OTCQX- re otc is inexcusable-
one broker i talked to for half hour said "otc stocks have no filings" - i said. "of course they do- i spend as much as 8 hrs/day reading otc filings" - i mentioned otcqx 7 times to the broker - he didnt know what otcqx was-this was years ago- finally he looked up otcqx and said it was a mutual fund!!!!! -some ppl are so ignorant i dont know how they survive
all otcqb and otcqx stocks are sec reporting and so of course they will have all sec required filings- and otc markets gets more stringent re filings over time
OTCQX
OTCQX was created ca 2009- 1st time i saw it-2009-it had 25 companies -now there are more than 400 companies-many of the OTCQX co's are foreign blue chips who enjoy the savings- no 185k/yr big board fees and not as much red tape
the ladder of stocks is :
gray/grey stocks- no bids quotes allowed -still traded but have to guess bid asks since not reported
ce stocks- skull and bones set by otc when otc considers something deficient or out of line
no info class - no filings
limited info class- either financials twice/yr or less than fully reporting financials 4 times/yr
current class -financials filings up to date -many are now SEC rerting but casnot afford the otc 10k/yr surcharge to be OTCQB or stock bid is below 1c-those requirements were added by otc in 2014-2015 as part of a political process attacking penny stocks and an attempt to eliminate stocks below 1c pps
ce no info and limited info and current are all pink sheet stocks
Then OTCQB- used to be called fully reporting-all are SEC reporting -requires 1c pps
then OTCQX-the top otc tier -used to require 10 pps min- i think thats been upped to 25c pps min but not sure
https://www.otcmarkets.com/stock/ZNOG/news
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