Micro, Listen to pumpkin and read with an open
Post# of 9122
Posted On: 12/21/2014 6:19:38 PM
Micro,
Listen to pumpkin and read with an open mind.
Go look at the November OTC news letter … here's a few excerpts:
"As of this writing, 201 companies have chosen to comply with the new standards for our OTCQB venture marketplace. These entrepreneurial and development stage public companies have committed to being open and transparent with their investors. We commend them for taking this step to help build more transparency and trust for investors and brokers."
NOTICE the words "our" OTCQB and "this step".
"This month, we announced the 200th company to be verified for trading on the OTCQB marketplace. The new standards and verification process are making OTCQB a better venture marketplace for entrepreneurial and development stage companies. We began rolling out the new standards for companies currently traded on OTCQB, beginning with those companies that have a March 31st Fiscal Year End (FYE) date. To date, 55% of eligible OTCQB companies that have reached their compliance date, 120 days post their FYE, have chosen to go through the verification process to remain traded on OTCQB."
NOTICE that they just started this new standard in 2014 and only 1/2 of the companies whose compliance date have responded. I think they are wrong to say "remain traded on OTCQB" because it should say "our OTCQB" but don't know enough to say for sure.
"Over 1,750 OTCQB companies will reach their 120-day compliance date in the 8 months remaining of the rollout, which will be complete when OTCQB companies with a FYE of March 30, 2015 are required to comply by July 30, 2015. Until December 31, 2014, eligible companies currently traded on OTCQB may choose to apply prior to their required compliance date to take advantage of special pricing. "
NOTICE that 1750 companies out of the 2250 companies in the OTCQB universe have yet to reach the date, and OTCQB is offering "special pricing" to join the club during their "rollout".
OTCQB is trying to become the standard, but doesn't have the penetration yet. This is a marketing ploy and not a market. There's nothing wrong with trying to become the "gold standard" (I know a company trying to do that with petri dishes!) but that is just a standard to judge companies by, not a requirement for trading.
Please go back and do some more research with an open mind. Maybe you could call them and get it straight, but until you do, please stay off this subject. I appreciate your moderating this board, but it makes me very uncomfortable to see you trying to sell the need for a marketing service to us as a urgent need--it discredits anything else you post.
Larry
Listen to pumpkin and read with an open mind.
Go look at the November OTC news letter … here's a few excerpts:
"As of this writing, 201 companies have chosen to comply with the new standards for our OTCQB venture marketplace. These entrepreneurial and development stage public companies have committed to being open and transparent with their investors. We commend them for taking this step to help build more transparency and trust for investors and brokers."
NOTICE the words "our" OTCQB and "this step".
"This month, we announced the 200th company to be verified for trading on the OTCQB marketplace. The new standards and verification process are making OTCQB a better venture marketplace for entrepreneurial and development stage companies. We began rolling out the new standards for companies currently traded on OTCQB, beginning with those companies that have a March 31st Fiscal Year End (FYE) date. To date, 55% of eligible OTCQB companies that have reached their compliance date, 120 days post their FYE, have chosen to go through the verification process to remain traded on OTCQB."
NOTICE that they just started this new standard in 2014 and only 1/2 of the companies whose compliance date have responded. I think they are wrong to say "remain traded on OTCQB" because it should say "our OTCQB" but don't know enough to say for sure.
"Over 1,750 OTCQB companies will reach their 120-day compliance date in the 8 months remaining of the rollout, which will be complete when OTCQB companies with a FYE of March 30, 2015 are required to comply by July 30, 2015. Until December 31, 2014, eligible companies currently traded on OTCQB may choose to apply prior to their required compliance date to take advantage of special pricing. "
NOTICE that 1750 companies out of the 2250 companies in the OTCQB universe have yet to reach the date, and OTCQB is offering "special pricing" to join the club during their "rollout".
OTCQB is trying to become the standard, but doesn't have the penetration yet. This is a marketing ploy and not a market. There's nothing wrong with trying to become the "gold standard" (I know a company trying to do that with petri dishes!) but that is just a standard to judge companies by, not a requirement for trading.
Please go back and do some more research with an open mind. Maybe you could call them and get it straight, but until you do, please stay off this subject. I appreciate your moderating this board, but it makes me very uncomfortable to see you trying to sell the need for a marketing service to us as a urgent need--it discredits anything else you post.
Larry
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