By: creedebighorns of raginbul.com
01 Jul 2009, 11:02 PM EDT
Rating: You rated it: Msg. 3829 of 3830

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And the hits just keep on coming.


"So, is LBWR a Public Company with shareholders and with stock that trades on ANY exchange?

Yes."


If I did not know that the pinksheets are not an exchange, I think I would keep my mouth closed.

...

2. Can a security be traded on the OTCBB and NASDAQ® at the same time?

No. The OTCBB is a quotation service for securities which are NOT listed or traded on NASDAQ or a national securities exchange.

3. What are some of the differences between companies quoted by an OTC quotation service and companies listed on a stock market?

Stock markets (including NASDAQ and the registered exchanges, such as NYSE or AMEX) have specific quantitative and qualitative listing and maintenance standards, which are stringently monitored and enforced. Companies listed on a stock market have reporting obligations to the market, and an on-going regulatory relationship exists between the market and its listed companies. OTC quotation services (OTCBB, Pink Sheets) facilitate quotation of unlisted securities. As such, any regulatory relationship between an OTC quotation service and the issuers may be relatively limited or non-existent.

4. What is the difference between OTC, other-OTC and OTC Bulletin Board (OTCBB)? And where do the Pink Sheets fit in?

An over-the-counter (OTC) security is generally considered to be any equity security that is not listed on NASDAQ, NYSE or Amex. The OTCBB and the Pink Sheets are both quotation services for OTC securities. NASDAQ operates the OTCBB service and permits FINRA members to quote any OTC security that is current in certain required regulatory filings (see Listing Requirements). The Pink Sheets is a privately owned company that permits FINRA members to quote any OTC security and does not maintain regulatory filing requirements. An OTC security can be dually quoted on both the OTCBB and the Pink Sheets. As well, there are many OTC securities that are not quoted on either the OTCBB or the Pink Sheets; however, they have trading symbols assigned to them so FINRA members can comply with trade reporting obligations and report transactions in these securities. These securities are sometimes said to be on the "gray market".

http://www.otcbb.com/faqs/otcbb_faq.stm


Look, for those that do not understand what they are talking about, the entire OTC market is just that - A MARKET. It's not an exchange. Heck, even the OTCBB is not a market. You would think the "BB" would be a huge hint. lol!

There is a certain individual that posts here on a regular basis that may know something about the big boards - maybe.

It is crystal clear from their posts, however, that they do not know SQUAT about the OTC. Here a list of their gaffs.

- this person does not understand how to read L2.

- this person does not understand that the BUYERS are on the BID.

- this person does not understand that pinksheet companies do not have to file, and therefore it CANNOT be a "duty" of the CEO. lmao!

- this person does not understand that the OTC market is not an exchange.


Only one thing to say to such an amazing lack of knowledge.



“It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt.”
- Mark Twain


GB-ND
creede