until then the steps would be 1)pink current on
Post# of 9144
(Total Views: 448)
Posted On: 05/25/2020 2:54:40 AM
Re: Knownuttin #6261
until then the steps would be
1)pink current on otcmarkets.com,a $4200 news reporting fee for posting the companies filings,which would also would cost NNLX several more thousand/yr for quarterly sec lawyer qualified letters submitting that the provided records meet the definition of current info and extra accounting fees
2) then otcqb (originally called fully reporting because companies on otcqb are sec reporting[many pink current co's are now sec reporting also]-which now requires a surcharge of 10k/yr plus min bid price of 1c plus audited financials-this allows public entities dealing with other peoples money to invest ;so greatly increases the investor pool
3) the next step after that is otcqx,with a min bid price of .25 (used to be .10) and other qualifiers- a lot of foreign blue chips use otcqx to avoid the 185k annual fee of the big exchanges and to avoid some of the red tape-e.g., adidas and walmart of mexico were on otcqx- this big board alternative began ca 2009
if one has the qualifications,one can jump some of these classifications-there are several ways to join big boards,one of which requires several years of xxx revenue,and nasdaq has 4 different internal designations,all of which require various market caps ranging e.g., from perhaps 15M to 80M or so
1)pink current on otcmarkets.com,a $4200 news reporting fee for posting the companies filings,which would also would cost NNLX several more thousand/yr for quarterly sec lawyer qualified letters submitting that the provided records meet the definition of current info and extra accounting fees
2) then otcqb (originally called fully reporting because companies on otcqb are sec reporting[many pink current co's are now sec reporting also]-which now requires a surcharge of 10k/yr plus min bid price of 1c plus audited financials-this allows public entities dealing with other peoples money to invest ;so greatly increases the investor pool
3) the next step after that is otcqx,with a min bid price of .25 (used to be .10) and other qualifiers- a lot of foreign blue chips use otcqx to avoid the 185k annual fee of the big exchanges and to avoid some of the red tape-e.g., adidas and walmart of mexico were on otcqx- this big board alternative began ca 2009
if one has the qualifications,one can jump some of these classifications-there are several ways to join big boards,one of which requires several years of xxx revenue,and nasdaq has 4 different internal designations,all of which require various market caps ranging e.g., from perhaps 15M to 80M or so
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