They are probably also doing this for the reason o
Post# of 17862
Posted On: 04/18/2013 10:59:06 AM
They are probably also doing this for the reason of making financing obtainable more easily through being up listed imo or they have financing offered to them but are asking that himr be up listed to hold them more accountable for there actions by sec...Because the OTCBB listing requires you to be “fully reporting” and subject to SEC oversight and all that means including your independently audited statements and your “go to jail card” for
willingly making material misrepresentations in your filings and statements, the investing public, institutions and broker-dealers have a much higher level of confidence in the accuracy and completeness of the information available on your company. Therefore you may stand a much better chance of finding an acceptable financing partner and potentially better liquidity for your stock with an OTCBB listing than you do with a Pink Sheets listing.
http://www.spartansecurities.com/forms/otcbb.pdf
willingly making material misrepresentations in your filings and statements, the investing public, institutions and broker-dealers have a much higher level of confidence in the accuracy and completeness of the information available on your company. Therefore you may stand a much better chance of finding an acceptable financing partner and potentially better liquidity for your stock with an OTCBB listing than you do with a Pink Sheets listing.
http://www.spartansecurities.com/forms/otcbb.pdf
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