HTEK Hytek Microsystems
--went from OTC:BB to NASDAQ this year.
It has not had any positive effect to their price as of yet. As a matter of fact, they have recently tanked and are probably a good bargain in the 2-3 range.
In any case, Chris, even though many people would rather see a NASD than an OTC after a stock ticker, it is my own opinion that a REPORTING company on the OTC is much more reliable than a nonreporting company and that is a better criterion than whether it is an OTC.
Try to ask the same question about the stocks you have followed over the last year in a different way. Specifically, the ones that said that they were "working" on becoming listed on the NAZ - did they ever become reporting companies? If not, it would be my judgement to trust them MUCH less.
Sometimes NASD stocks get delisted to the OTC because they no longer meet listing requirements. If they stay reporting and have audited financials, you may be able to look at them as more trustworthy than those who don't. They may have just fallen on hard times. For example, I bought a few thousand shares of a company called Vertex Industries (VETX) that was once listed on the Nasdaq but became delisted. They have stayed reporting and are coming back well. I expect them to at least double again within the next year (I actually hope for and expect more, but that is not the point here. This is still an OTC:BB stock but I have much more positive feelings about trusting the management than I do with AVBCD (did a reverse split without consulting shareholders while the management said they would not do a reverse split). Whether or not you agree the AVBC reverse split was justified, shareholders had no say.
With nonreporting companies there are many risks. Lord knows, many of us have experienced the worst of them this past year, scammed hard...
Nonreporting OTC companies basically do not have trustworthy fundamentals (because you cannot verify them and they know it), so it is just gambling (where the house always has the advantage) unless you have level 2 AND a good understanding of momentum as well as a clearly defined strategy about when to exit and enter.
Hope that helps for my 2 cents ...
Howard
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