Excellent post and info T-800, much appreciated!
Post# of 4081
(Total Views: 751)
Posted On: 05/07/2018 11:54:27 AM
Excellent post and info T-800, much appreciated!
Here's some info that may work out for our JBZY because I believe it needs to uplist to a higher tier and be 'SEC Reporting' before it would go to a higher exchange such as NASDAQ, etc... think this is a fairly new regulation change just adopted this year:
From Rachel Nussbaum of OTC Markets Group:
“It’s now an even better time to be a non-SEC reporting company trading on OTC Markets. We have introduced new rules to allow Pink companies access to the OTCQB market without the cost and complexity of SEC registration. Companies need to complete a 1 year audit (versus the 2 year audit required for SEC registration) and have a minimum bid price of $0.01.
We expect many companies to use this opportunity to raise their profile and share their story with new investors. Combined with the OTCQB Visibility Program, our Blue Sky initiatives are allowing retail brokers to make stock recommendations and distribute research on OTCQB securities. These developments continue to improve the trading experience for investors by removing the legacy barriers/restrictions historically placed on OTC securities. We believe our mission is critical to helping companies grow and achieve their milestones.
The process to apply for OTCQB is streamlined, enabling you to efficiently upgrade your market. Companies already subscribed to OTC Disclosure and News Service will receive a credit towards OTCQB for any unused portion of their fee”. - Rachel Nussbaum, AVP, Corporate Services, OTC Markets Group.
I picked this up from another OTC and it applies to all OTCs... up around 15,000 of them now...
Very best to all with JBZY!
Here's some info that may work out for our JBZY because I believe it needs to uplist to a higher tier and be 'SEC Reporting' before it would go to a higher exchange such as NASDAQ, etc... think this is a fairly new regulation change just adopted this year:
From Rachel Nussbaum of OTC Markets Group:
“It’s now an even better time to be a non-SEC reporting company trading on OTC Markets. We have introduced new rules to allow Pink companies access to the OTCQB market without the cost and complexity of SEC registration. Companies need to complete a 1 year audit (versus the 2 year audit required for SEC registration) and have a minimum bid price of $0.01.
We expect many companies to use this opportunity to raise their profile and share their story with new investors. Combined with the OTCQB Visibility Program, our Blue Sky initiatives are allowing retail brokers to make stock recommendations and distribute research on OTCQB securities. These developments continue to improve the trading experience for investors by removing the legacy barriers/restrictions historically placed on OTC securities. We believe our mission is critical to helping companies grow and achieve their milestones.
The process to apply for OTCQB is streamlined, enabling you to efficiently upgrade your market. Companies already subscribed to OTC Disclosure and News Service will receive a credit towards OTCQB for any unused portion of their fee”. - Rachel Nussbaum, AVP, Corporate Services, OTC Markets Group.
I picked this up from another OTC and it applies to all OTCs... up around 15,000 of them now...
Very best to all with JBZY!
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