answered your 1st questions -our posts crossed in
Post# of 9144
Posted On: 10/11/2014 2:04:58 PM
answered your 1st questions -our posts crossed in cyberspace.
OTC is not regulatory but they make life or death decisions re penny co's w the approval of regulatory.
40-50% of public co otc's revenue comes from the fees they charge co's for their otc filings.
Used to be 40% but in steadily increasing reporting requirements, as of May 1, 2014 they added an extra annual fee of 10,000 just to be listed on Otcqb-which would not affect NNLX upgrade to just pink current.
They earn little or no fees from 'no info' co's, since such co's have little or no filings w otc.
OTC does honestly want to increase transparency so holders can make an intelligent decision but their push to force co's to upgrade is also influenced by their bottom line and thus they do no investigation other than looking at charts in deciding to impose ce on non- current co's.
I estimate they charge 'current info' class co's $4000 -5000/year in fees.
Many penny co's cannot afford that because many penny co's dont even have a product, let alone demand for product, and have no way to achieve revenues or raise money- and a higher % of noncurrent co's are just scams.
there is no requirement to stay current info or otcqb for that matter-many otcqb co's have dropped to pink current because of new 1c pps and 10,000 extra annual fee requirements -and many current and otcqb co's drop back to non-current as pihn did because of an inability to succeed w their business model.
OTC is not regulatory but they make life or death decisions re penny co's w the approval of regulatory.
40-50% of public co otc's revenue comes from the fees they charge co's for their otc filings.
Used to be 40% but in steadily increasing reporting requirements, as of May 1, 2014 they added an extra annual fee of 10,000 just to be listed on Otcqb-which would not affect NNLX upgrade to just pink current.
They earn little or no fees from 'no info' co's, since such co's have little or no filings w otc.
OTC does honestly want to increase transparency so holders can make an intelligent decision but their push to force co's to upgrade is also influenced by their bottom line and thus they do no investigation other than looking at charts in deciding to impose ce on non- current co's.
I estimate they charge 'current info' class co's $4000 -5000/year in fees.
Many penny co's cannot afford that because many penny co's dont even have a product, let alone demand for product, and have no way to achieve revenues or raise money- and a higher % of noncurrent co's are just scams.
there is no requirement to stay current info or otcqb for that matter-many otcqb co's have dropped to pink current because of new 1c pps and 10,000 extra annual fee requirements -and many current and otcqb co's drop back to non-current as pihn did because of an inability to succeed w their business model.
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