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FAQ

What is OTC Pink?
The pink sheets got their name because they were actually printed on pinkpaper. Now its all computerized. Its stock symbols end in .PK. Unlikecompanies on a stock exchange pink sheet companies do not need to meetminimum requirements or file with the SEC.
What is the difference between OTC-QX, OTC-QB, and OTC-Pink markets?
Basically volume and to an ext…no volume is the big difference. I was goingto add market cap but really it is trading volume. Also in company quality.Qx is the most active companies you will find on Nasdaq and names you willrecognize. Qb is the QX want to be’s they need more trading strongerfinances to get to the next level. The pinks almost trade by appointment.There are good companies just thinly traded. When a stock is thinly tradedby definition there are not a lot of buyers and sellers. This can be becauseonly 125 people own the stock the like it and it is never offered for sale.You can bid and wait months but they may not hit your bid. Also here are thezombie companies no business maybe bankrupt trading at cents per share notworthy of a higher standing. I researched some good pinks but if no one iswilling to sell them if there is no accurate price discovery why botherStick with QX.
Can you explain OTC / 'pink sheet' stocks in layman terms?
Requirements for listing stocks of your company on some of the wellknownstock exchanges like NASDAQ NYSE TSX LSE NSE BSE etc. are extremelystringent. Apart from achieving consistent growth and maintaining the stockprice above certain levels the companies are regulated by financialauthorities like the SEC CSA SEBI to prevent investor fraud.On the other hand not all companies wish to go through the stringent listingrequirements they prefer to list on other exchanges like OTC which have fewerand fairly relaxed requirements. No saying OTC is bad in any sense few verygood companies are listed on OTC.Rest is investor’s choice one investor may want to invest in companieslisted on highly regulated exchanges the other investor may want to findopportunities in less stringent listings.
What is the difference between OTC-QX, OTC-QB, and OTC-Pink?
They are all tiered marketplaces with different rules for qualifying. OTCPink I believe you are referring to pink sheets current information whichrequires among other things financial statements current and the same timeof information found in a 211 filing. QB is analgolous to OTCBB meaning a an OTC company that has a class ofsecurities registered under the Securities Exchange Act of 1934 meaning areporting company and is current in those filings. Both of the above marketplaces do not have quantitative financial and shareprice requirements by that I mean as long as your disclosure is within theguidelines and current it doesnt matter if you have 1 in sales or 1Bil inrevenue. The OTCQX is a different matter. In order to qualify there is a minimum shareprice requirement and also a nonpenny stock requirement 1. Have a bid price of 5 or more or 2. Have net tangible assets of 2000000 if the issuer has been in continuous operation for at least three years or 5000000 if the issuer has been in continuous operation for less than three years or 3. Have average revenue of at least 6000000 for the last three years. A minimum bid price of 0.10 for preceding 90 business days
Why do small companies go public on the OTCQX, OTCQB and OTC Pink exchanges?Do the benefits outweigh the fee of the exchange?
My guess would be they cannot pass the higher listing standards of the NASDAQor the NYSE. To be a legitimate public company they have to be listed where the shares canbe traded. If not tradable they would never be able to execute an IPO andtherefore could never raise the capital to be an ongoing concern. Companies usually begin by seeking private equity either that raised fromventure capital firms or individuals. When the money begins to run out theymade not be able to continue to afford their payroll and other expenses. Theyare always trading partial ownership in their company to continue as anongoing concern. When private equity runs out they turn to the public marketsthrough an IPO but to be listed they need to have a history of sufficientequity revenues or profits. When they cannot meet those requirements theyopt for the listings you named until they meet those more stringentrequirements. Otherwise they run out of money.
As a company founder, why would I list on OTC Pink Sheets versus not listingat all?
1. You can sell your shares. 2. Your investors can sell their shares so theyre more likely to put more money in 3. Some investors only invest in public companies 4. You can acquire other companies with stock instead of cash Overall its usually not worth it unless you have a serious fonancier whowill only invest if youre public.
Do all stocks start out on the OTC/pink sheets if they're under $1? How do youget on the NYSE?
Each stock exchange has a set of conditions which a firm must meet beforebeing listed on the exchange. The stock may rise through the ranks from thesmaller exchanges or it may debut via an IPO on a major exchange.For the NYSEhttpswww.nyse.compublicdocs...