"otc determines the changing pink standards w sec's implicit approval"
That's not entirely accurate. The SEC is in charge of transparency. They determined in 1934, and since has been updated, that a company that has 500 shareholders and $10 million in assets, MUST register itself with the SEC and fully become a reporting company. It's the establishment of that rule that spawned the regulations by the OTC Marketplace.
"SEC determines standards for fully reporting co's except that otc requires certain things of OTCQB- like the new 1c pps and 10000 yearly surcharge fees"
That's correct. They have different qualifications for several tier groups. They always have. Each time the government creates a rule, changes a rule, or updates a rule, it affects how the markets operate.
"no info limited info and pink current-except for new sec pink current that dont meet new otcqb pps and surcharge standards-are otc pink classes which have no stock holder or assets standard to my knowledge -never seen any- thats an SEC etc OTCQX big board standard-and such would violate otc's verty purpose of expecting every co to upgrade to pink current- att cert letter,quarterlies, 10q and 10k's etc"
There's no requirements for pink and below. Pink limited requires at least some information. Pink current requires current financial reporting to OTCMarkets.
"limited info just requires twice yearly bare bones financials -no quarterlies (though such is permitted) or cert letter"
Correct.
"I've never seen otc detail their costs for individual filings or classes etc except 250 for level 2 and new 10000 otcqb surcharge -so if u have such post it"
Listing costs? Not understanding what you're saying. Yes, listing costs are available if that's what you're asking.
"upgrading is within pinks classes - uplisting is from pinks to OTCQB or OTCQX etc"
That's correct.
"I've detailed otc qualifications for pink classes at length before-"
They're listed on the website.
"many cos dont have the money for pink current until revenues but otc thinks every co should be current whether revenue or not and often demands such when significant revenues arrive"
And I, as well as the U.S. Government, agrees that every company should be transparent. A few hundred dollars, which is all that is required to do so, isn't going to break anybody's bank.
That's not entirely accurate. The SEC is in charge of transparency. They determined in 1934, and since has been updated, that a company that has 500 shareholders and $10 million in assets, MUST register itself with the SEC and fully become a reporting company. It's the establishment of that rule that spawned the regulations by the OTC Marketplace.
"SEC determines standards for fully reporting co's except that otc requires certain things of OTCQB- like the new 1c pps and 10000 yearly surcharge fees"
That's correct. They have different qualifications for several tier groups. They always have. Each time the government creates a rule, changes a rule, or updates a rule, it affects how the markets operate.
"no info limited info and pink current-except for new sec pink current that dont meet new otcqb pps and surcharge standards-are otc pink classes which have no stock holder or assets standard to my knowledge -never seen any- thats an SEC etc OTCQX big board standard-and such would violate otc's verty purpose of expecting every co to upgrade to pink current- att cert letter,quarterlies, 10q and 10k's etc"
There's no requirements for pink and below. Pink limited requires at least some information. Pink current requires current financial reporting to OTCMarkets.
"limited info just requires twice yearly bare bones financials -no quarterlies (though such is permitted) or cert letter"
Correct.
"I've never seen otc detail their costs for individual filings or classes etc except 250 for level 2 and new 10000 otcqb surcharge -so if u have such post it"
Listing costs? Not understanding what you're saying. Yes, listing costs are available if that's what you're asking.
"upgrading is within pinks classes - uplisting is from pinks to OTCQB or OTCQX etc"
That's correct.
"I've detailed otc qualifications for pink classes at length before-"
They're listed on the website.
"many cos dont have the money for pink current until revenues but otc thinks every co should be current whether revenue or not and often demands such when significant revenues arrive"
And I, as well as the U.S. Government, agrees that every company should be transparent. A few hundred dollars, which is all that is required to do so, isn't going to break anybody's bank.
