Pink Sheets

RECENT NEWS
DailyFinance  Sep 30  Comment 
LAS VEGAS, NV -- (Marketwired) -- 09/30/14 -- Oriens Travel & Hotel Management Corp. (OTC Pink: OTHM) (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, announced today that the Company's newly appointed CEO, Mr. Melvin...
DailyFinance  Sep 30  Comment 
SOUTHFIELD, MI -- (Marketwired) -- 09/30/14 -- Halberd Corporation (PINKSHEETS: HALB) and its subsidiary I-TAP, Inc. the developer of the electronic I-TAP draft beer dispensing system today announced that Stock Legends recently conducted an audio...
DailyFinance  Sep 29  Comment 
JERUSALEM, ISRAEL -- (Marketwired) -- 09/29/14 -- IDenta Corp. (OTC Pink: IDTA) (PINKSHEETS: IDTA) CEO Yaacov Shoham today made the following announcement: "Today, we are proud to release some of the pictures that we receive from end users of...
DailyFinance  Sep 25  Comment 
EULESS, TX -- (Marketwired) -- 09/25/14 -- Dig-It Underground, Inc. (PINKSHEETS: DIGX) -- Robert Wodarczyk, President of Dig-It Underground, Inc., is excited to announce the successful launch of two High Life Media Network platforms. He states,...
DailyFinance  Sep 23  Comment 
Company Identifies Funding Opportunity to Apply 3D Imaging Technology to Medical IndustryTULSA, OK--(Marketwired - September 23, 2014) - 3DIcon Corporation (PINKSHEETS: TDCP), a developer of groundbreaking 3D projection display technologies that...
DailyFinance  Sep 23  Comment 
DriveAlert to Be Sold at All East Hills Auto Group-Dealerships Due to Success at East Hills Chevy, DouglastonDELRAY BEACH, FL -- (Marketwired) -- 09/23/14 -- Protext Mobility (OTC Pink: TXTM) (PINKSHEETS: TXTM), a developer of innovative and...
DailyFinance  Sep 22  Comment 
TEMPE, AZ -- (Marketwired) -- 09/22/14 -- VirTra Systems (PINKSHEETS: VTSI), a leading provider of use of force training and shooting simulators to military, law enforcement agencies and other organizations, today announced the Company recently...
DailyFinance  Sep 22  Comment 
SOUTHFIELD, MI -- (Marketwired) -- 09/22/14 -- Halberd Corporation (PINKSHEETS: HALB) subsidiary I-TAP, Inc. announced that the company has entered into a conditional commitment letter with Greg Norman's Great White Shark Opportunity Fund to...
DailyFinance  Sep 18  Comment 
Vanity Findit URL Extensions to Offer Improved IndexingATLANTA, GA -- (Marketwired) -- 09/18/14 -- Findit.com, owned by Findit, Inc. (OTC Pink: ARTT) (PINKSHEETS: ARTT), formerly known as Artemis Energy Holdings, Inc. is an interactive search...
DailyFinance  Sep 18  Comment 
DELRAY BEACH, FL -- (Marketwired) -- 09/18/14 -- Protext Mobility (PINKSHEETS: TXTM), a developer of innovative and trusted applications for the mobile communications market, is pleased to announce that the Company's CEO, Steve Berman was...




 
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The term '"Pink Sheets"' refers to an electronic quotation system operated by Pink OTC Markets. It displays quotes from broker-dealers for many OTC securities. The electronic system replaced the older system using pink sheets of paper, thus the term "pink sheets."

The Pink Sheets is not a stock exchange. In order for an issuer to be quoted on the Pink Sheets, it must not fulfill any financial reporting requirements.

The companies quoted in the Pink Sheets tend to be closely held, extremely small, or thinly traded. It is among these reasons that the SEC views companies listed on the Pink Sheets as "among the most risky investments" and advises potential investors to heavily research the companies in which they plan to invest.

OTCQX Market Tier

OTCQX is a premium market tier offered by Pink OTC Markets. It aims to increase the transparency of OTC companies that have operating businesses and provide financial disclosure, but are not traded on an official stock exchange. Similar to companies quoted on the Pink Sheets, OTCQX companies are not required to be fully SEC reporting companies (i.e. current with all SEC filings). Despite this, OTCQX companies must provide audited financials and certain disclosures to Pink OTC Markets.

The requirements for listing on the OTCQX are:[1]

  • Market maker priced quotes on Pink Quote (98% of all OTCBB securities are already quoted on Pink Quote);
  • Ongoing business operations (no shell, bankruptcy, blank-check or development stage companies);
  • Minimum $0.25 Bid price;
  • Inclusion in S&P or Mergent Manual;
  • 50 round lot shareholders;
  • Retain a Designated Advisor for Disclosure (DAD);
  • Companies listed on the higher PremierQX tier must also have 100 round lot shareholders, a $1 Bid price, hold annual shareholder meetings and meet the financial standards for continued listing on the NASDAQ Capital Market;
  • Provide disclosure to the marketplace via the SEC's EDGAR system or pursuant to otcQX guidelines (a more tailored approach to shareholder reporting that does not require SOX 404 internal control audits among other items);
  • Annual U.S. GAAP financials audited by a PCAOB registered audit firm;

Pink Sheets Market Tier

Effective August 1, 2007, all Pink Sheets traded companies that are not able or willing to meet the listing requirements of OTCQX will be placed in one of the four disclosure categories below. The disclosure categories do not signify issuer quality or merit of any security.[2]

Current Information

Error creating thumbnail There are three types of companies that may be designated as Current Information providers:

1. Current SEC Filers

Pink OTC Markets will monitor the SEC's EDGAR system and automatically designate companies that are registered with the SEC pursuant to 12(g) of the Exchange Act and are current in their required filings as Current Information providers. Pink OTC Markets will remove any security from this category if the issuer does not maintain timely filings.

2. Banks, Insurance Companies and Certain Foreign Companies

Pink OTC Markets will automatically identify Non-SEC reporting federal or state regulated banks, insurance companies, and non-U.S. companies that are listed on a qualified foreign stock exchange as providing Current Information unless we determine that the company is not current in its reporting obligations to its primary regulator or is delisted from the foreign exchange.

Pink OTC Markets recommends that these companies publish their financial and other disclosure information, through the OTC Disclosure and News Service, to www.pinksheets.com for easy access by U.S. investors.

3. Non-reporting Companies with Current Information Available on pinksheets.com

Non-SEC registered companies that meet the following requirements will be identified as providing Current Information:

  • Subscribe to the OTC Disclosure and News Service;
  • Publish disclosure that complies with Pink OTC Markets' Guidelines for Providing Adequate Current Information (PDF) through the OTC Disclosure and News Service;
  • Attorney Letter - The company must publish a quarterly letter from an attorney stating that the issuer's disclosure (i)constitutes "adequate current public information" concerning the Securities and the Issuer and "is available" within the meaning of Rule 144(c)(2) under the Securities Act, (ii) includes all of the information that a broker-dealer would be required to obtain from the Issuer to publish a quotation for the Securities under Rule 15c2-11 under the Securities Exchange Act of 1934 (the "Exchange Act"), and (iii) complies as to form with Pink OTC Markets' Guidelines for Providing Adequate Current Information. The letter must also identify the person responsible for the preparation of the financial statements.
  • Transfer Agent - The company must have an SEC registered transfer agent.

Companies must post the required disclosure on pinksheets.com. Pink OTC Markets will verify that a quarterly or annual report, in addition to an Attorney Letter regarding completeness of disclosure, has been posted within 75 days after each quarter ended and within 120 days after each fiscal year ended. If such disclosure has not been posted at that time, companies will be placed into the "Limited Information" or "No Information" categories (see below).

Limited Information

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Limited information dated within the last 6 months is available to investors, but that information is either not compliant with Pink OTC Markets' Guidelines for Providing Adequate Current Information (PDF) or, if the company is an SEC filer, the information is not current.[3]

No Information

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Defunct or Dark Pink Sheets Companies that have not posted any information with a period ending within the previous six months, either through the SEC's EDGAR system or through the OTC Disclosure and News Service.[4]

Caveat Emptor- Buyer Beware

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Identifies stocks that are the subject of unsolicited spam, questionable promotion, regulatory suspensions, disruptive corporate actions (including reverse mergers), or other public-interest concerns.

Generally, Pink OTC Markets will remove the Caveat Emptor designation once the security meets the qualifications for Current Information (see above) and Pink OTC Markets is satisfied that there is no longer a public interest concern, typically no sooner than 30 days. In the case of reverse mergers, Pink OTC Markets will remove the Caveat Emptor designation upon qualification for Current Information or, for SEC filers, with the submission of a super 8-K, with no 30 day minimum.[5]

Stocks listed on Pink Sheets

Conectisys Corp.

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