Listing Requirements of the
Over the Counter Bulletin Board - OTCBB
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The stated and un-stated listing requirements for the OTCBB are as follows:
~> fully reporting with the Securities and Exchange Commission,
~> not a black check or inactive company,
~> minimum of 40 stockholders of record holding at least 100 shares each (note: this number is informal and has been moving up),
~> directors, officers, and stockholders will be scrutinized for previous involvements in other OTCBB companies, in particular blank check companies,
~> must have a market maker submit 15c211 application to NASD and agree to act as market maker for securities of company.
Go to the listing requirements of other exchanges:
Master Chart Summary, Amex , TSX, NASDAQNM, NASDAQSM, TSX Venture, CNQ, OTCBB, US Pink Sheets
Alixe B. Cormick
Venture Law Corporation
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Vancouver, B.C.
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Phone: 604-659-9188
Fax: 604-659-9178
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