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  4. Univec Conglomerate Inc (UNVC) Message Board

I took a little time to look into the new OTCID, i

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Post# of 86984
(Total Views: 769)
Posted On: 12/26/2024 3:07:48 PM
Posted By: Smoking901
I took a little time to look into the new OTCID, it will get interesting for a lot of the OTC Pink securities by July 2025.

OTC Pink Current is comprised of companies that “alternatively report” to OTC Markets by filing quarterly and annual disclosure reports, including financial statements. The financial statements are not audited or reviewed by a PCAOB qualified independent accountant, but they must be prepared in accordance with GAAP by a person or accounting firm qualified to do so.

The new OTCID will also require management certifications as to the disclosures. They haven't yet published all of the requirements, but "Management Certifications" is.

In simple terms instead of "NOT" being audited or reviewed by a PCAOB qualified accountant, they "MUST" be now.

This will eliminate, the tickers that haven't truly been following the guide lines. or move them to "Pink Limited, Expert Market"

The “OTC” prefix will communicate to the capital markets, that those companies have “no ongoing relationship with OTC Markets” warning investors “of the potential for market imperfections, issuer information asymmetries and other risks.”


OTC doesn't review Financial statements. Now with the new OTCID, it will be done by PCAOB qualified accountants.

OTC Pink markets have struggled because of the inability to obtain institutional financing or agent banker support.

Being optimist, the change could be just what is needed to revitalize the OTC Markets as a venture market.

"Just my simple opinion."


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