"i'm not talking about quotation -i'm talking abou
Post# of 9122
OTC doesn't charge a filing fee because they are not a "market". That's what I'm trying to explain to you. Nasdaq and NYSE charge filing fees because they are a market and a company does business directly with those markets in order to "list" their company on their exchanges. OTC is not an exchange. It's an Electronic Quotation service.
OTC charges a fee to broker-dealers (market makers) to provide quotes on OTC's Electronic Quotation Service. In order for a company to get their name to appear on that quotation service, a broker-dealer (aka Market Maker) must agree to list the company. If they agree, the broker-dealer submits form 211 to OTC and agrees to be charged $6 per month from OTC to make that listing. OTC earns it's money from the 130 broker-dealers that pay OTCMarkets. OTC does not charge individual companies. There is no such thing as a "listing fee" on the Electronic Quotation System owned by OTCMarkets.
"i read on otcs reports some time ago that they earn 40% of their revenue from the fees they charge co's to post co's filings on otc- for a past limited info co it was 3000/yr to be listed w thier filings on otc"
You read wrong.