"otc determines the changing pink standards w sec'
Post# of 9144
Posted On: 12/21/2014 12:51:12 PM
Re: pumpkinsherrie #1022
"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.
as i said i'm NOT talking about sec fully reporting co's when i speak of PINKS -pinks -except for those who cant meet new 1c and 10000 otc yearly surcharge are not sec fully reporting
pinks in normal nomenclature are not sec reporting except for new exceptions i've mentioned
so otc determines the changing standards for current info limited info and no info pink classes w sec implicit approval
if the co has 10 million assets and 500 shareholders it can or must become fully reporting and escape pinks-but then it wont be a pink-and i've been speaking of pinks
if u have info on listing fees for the different pink and otcqb classes present it
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.
as i said i'm NOT talking about sec fully reporting co's when i speak of PINKS -pinks -except for those who cant meet new 1c and 10000 otc yearly surcharge are not sec fully reporting
pinks in normal nomenclature are not sec reporting except for new exceptions i've mentioned
so otc determines the changing standards for current info limited info and no info pink classes w sec implicit approval
if the co has 10 million assets and 500 shareholders it can or must become fully reporting and escape pinks-but then it wont be a pink-and i've been speaking of pinks
if u have info on listing fees for the different pink and otcqb classes present it
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