Going Public on the OTCBB and Pinksheets is not as easy as the SEC closes the doors on start-ups and potential Pumps – List on the GXG Markets Instead

Tuesday, May 29, 2012 @ 08:05 AM
posted by admin

The SEC has delisted almost 300 firms recently on the basis that the firms could be in the future a potential pump and dump as the operations where not reported back when requested for information on the operations of the business making pinksheet companies, pinksheet shares, and pink sheet listings on the Pink Stock Exchange (quotation board) worthless. Many firms would have paid $100,000 to $150,000 to buy the companies that were delisted as Pinksheet shells, however, versus giving the companies a chance to recreate themselves without reporting appropriate information, the US SEC has taken the administrative measure to remove them from the stock market.
Most stock market professionals see this as just the beginning for the removal of the companies on the Pinksheets. Either delist, move up the OTCBB or find an alternative stock market to list on.
The OTCBB has been difficult to list firms onto for several years now, with the decrease of OTCBB shells due to shell status effecting DTC eligibility, many firms do not choose to buy shells. Listing the firms directly also are nearly impossible for firms unless they can show strong cashflow and are willing to go through 9 rounds or more of comments for the S1 registration and form 15c211 for a broker to sponsor the stock exchange listing.
The alternative for US companies looking to go public is to go public in Europe. Many firms have looked at listing on the Frankfurt Stock Exchange, Berlin Stock Exchange, and Canadian Stock Exchange, but few have realized the most effective market is the Global Exchange, the GXG Markets which is located in Sweden, Denmark, and London. Effectively, the GXG markets is one of the last true providers of an OTC market for foreign companies.
For more information on the GXG markets go to http://www.gxgotcmarkets.com hosted by the Official Broker Dealer IFXBG Limited (http://www.ifxbg.com)
For more information on companies wanting to dual list onto the Berlin Stock Exchange go to Berlin Stock Exchange Listings http://www.bselistings.com.
For more information on listing on the Frankfurt Stock Exchange contact FSE Listings at http://www.fselistings.com or www.FrankfurtStockExchangeListings.com.
For more information on Alternative Stock Exchanges go to http://www.alternativestockexchanges.com or http://www.stockexchangelistings.com
This article has been written and published by FSE Listings Inc, http://www.fselistings.com The Frankfurt Stock Exchange Listings professionals.