pivotpoint1
1 년 전
READ BOLD.IF YOUR COMPANY TRADES IN EXPERT MARKET AND WANTS TO GET RELISTED
What Is the OTC Markets Expert Market? Securities Lawyer Blog
Most of the companies quoted on OTC Markets are not able to meet the minimum listing requirements for trading on a national securities exchange. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it difficult for the public to find current, reliable information about those companies. Companies quoted on the OTC Markets are divided into four tiers, the OTCQX, the OTCQB, the OTC Pink and the Expert Market. Companies on the Expert Market provide the lowest level of disclosure in comparison to other OTC Market tiers. As a result, trading is limited to quotation on an unsolicited basis.
On October 15, OTC Markets reported that “2,247 former Pink No Information securities shifted to the Expert Market tier, where securities may only be quoted on an Unsolicited (customer order) basis. Quotes of securities in the Expert Market are “Unsolicited Only,” which means that trades of securities subject to unsolicited quotation in the Expert Market are only available to broker-dealers, institutions and other sophisticated investors, and not average investors.
The SEC’s amendments to Rule 15c2-11 became effective on September 28, 2021. Amended Rule 15c2-11 eliminated broker-dealer quotes of securities of issuers that fail to make current information publicly available. With the amendments to Rule 15c2-11, the OTC Markets Group Expert Market became the platform for broker-dealers to publish unsolicited quotes of securities designated as “No Information” securities. Typically, these are companies not subject to or not in compliance with SEC public company reporting requirements.
Because of the restrictions imposed on securities quoted on the Expert Market, most investors will not be able to publicly sell their shares. Additionally, they will not have access to bid and ask prices or other information, including trading volume. As such, Expert Market shares are illiquid.
Companies moved to the Expert Market from another OTC Markets tier can apply to relist on the OTC Pink or other OTC Markets tier by becoming an SEC reporting company, submitting a new Form 211, and meeting OTC Markets requirements for the particular tier.
Hamilton & Associates Law Group can assist companies on the Expert Market with uplisting to other OTC Market tiers. For further information, please contact Brenda Hamilton, Securities Attorney, at 200 E. Palmetto Park Rd, Suite 103, Boca Raton, Florida, (561) 416-8956, by email info@securitieslawyer101.com or visit www.securitieslawyer101.com.
This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as and does not constitute legal advice on any specific matter, nor does this message create an attorney-client relationship. Please note that the prior results discussed herein do not guarantee similar outcomes.
Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
200 E. Palmetto Park, Suite 103
Boca Raton, Florida 33432
http://investorshub.advfn.com/boards/board.aspx?board_id=12641
Dr Gator
2 년 전
Last time RBSY reported
https://www.otcmarkets.com/otcapi/company/financial-report/300504/content
Total shares outstanding: 93,372,784 as of date: June 30, 2021
Number of shares in the Public Float: 33,114,435 as of date: June 30, 2021
Total number of shareholders of record: 35 as of date: June 30, 2021
Dr Gator
3 년 전
Another magical day for Delmar & Brent, RBSY was run by the same Management that has destroyed all the Companies they have run since 1995.
Check OTC site with RBSY, SGSH, CGRW and all other companies from the past connected to this management.
Along this other connected management Richard with SAKL that does the same thing. They just sell shares, do Reverse Splits, Pump & Dump, then change name and start the process all over again.
Dr Gator
3 년 전
By the way DrivenByPain, WHY are YOU contacting OTC about a RBSY Tweeter page?
What role do you have in RBSY to be doing that???
ALSO, why????????????? do you think that this is me doing that Tweeter post?
You don't see me on here PUMPING the RBSY stock?
I care less about RBSY or any other stocks this "WORTHLESS" management runs.
That History was provited to me back in 2005/2006/2007 with Roboserver, Biz Auction, Ameri Technology, thinking that was an Investment
They have shown with many years of records in the past these Companies to be NOTHING but a TOOL to sell shares to make $$$ off of investors that find out later that they got SCAMMED thinking there was something backing their Investment!
NOW the new SEC rule has Called out companies like RBSY to show their TRUE SELF.
GAME OVER!
Dr Gator
3 년 전
Me???? Tweeting about RBSY?????
Now that is FUNNY, I will NEVER own any shares of this symbol again (it's NOT a Company (Really NEVER was) it's JUST a tool to trick investors OUT OF $$$$). Just like their other Companies.
As I said before, I bought RBSY 15 or 16 years ago. Was stuck holding for 12 years, Then seen volume!
Good news? NO.... GOT lucky to get out of it before the SEC & OTC blocked it from scamming people again & again. I even posted on here that I cleared ALL my position on it before the new SEC rule went into effect. Go through my posts and see what I said.
Was hoping it was coming to life a couple of years ago, BUT NO, just the same from this UN-trusting Management.
Luck and SCAM are not the same thing by the way.
Dr Gator
3 년 전
If investors do some simple DD on all 4 Companies these same Guys (Delmar, Brent, Richard) run and are the only Employees in those Companies, CGRW, SGDH, RBSY, SAKL..... you would RUN away FAST and protect your investing $$$
Just plug any of those 4 symbols into the website OTC:
https://www.otcmarkets.com/index.html
and the TRUTH & HISTORY will be revealed with just some reading!
Dr Gator
3 년 전
Florida Fish Charter Boat Captain Richard, AKA Richard Surber, CEO, Presdident and Securities Counsel for SAKL, RBSY, SGDH & CGRW had his (I TRICK YOU) famous Safe House Salt Lake City, UT Residental Home used for several of these Public Traded Companies:
Remodeled, put up for rent & quickly Rented. "Another way for these SCAM artist to SUCK $$$$ from investors???"
Do your DD people & you will see this new trick they are doing, These guys are SCAM artist for over 20+ years!
Buyers BEWARE
AND did you know over a week ago the OTC markets refused these Scammers a QTR filing on RBSY, YEP, they got caught trying to Screw Investors and OTC/SEC not letting them continue!
SouthSea
3 년 전
Delmar and friends have NOT done RS's for many years. SGDH and CGRW have not been reversed or diluted, look at their SS's. It used to be a habit (see ARES, ARET and others), but they definitely learned from the failures of the toxic death spiral approach. That's why I had so much hope for RBSY, if it had survived, if these guys were still involved and if they secured a decent RM. But ... our beautiful Cinderella never got to the ball.
SouthSea
3 년 전
Yes, that was definitely a mistake on their end. They probably did the paperwork too quickly and confidently. The question is, will OTCM grace them, now that they are admittedly a shell? I think not. There may also be other fundamental problems with the SS or accounting for of shares. Whatever the case, from what I can see, the company has given up and gone into that good night. Bye RBSY.
Dr Gator
3 년 전
If you followed what they said, they said they were not a Shell in filings, then they tried to back out of that and say they are a Shell. That Status has changes serveral times.
The 15c-211 rule gives 18 month time frame as a Shell to be operational or lose public quote status when under a Shell status.
These guys got caught in a lie, they are NOT operating and they are NOT trying to get RBSY operating.
Do some DD on 15c-211 Shell status rule
As of SAKL, SGDH and CGRW, their time will come, these guys don't tried to make companies profitable.
SouthSea
3 년 전
You misunderstand. RBSY is (or was) a shell looking for a merger. Thousands of PC companies have no revenues, profits or assets. That's the point - they are empty Shells ready to be filled. Regarding your other comments, SGDH and CGRW are PC. If they are scams, by your assumptions they would be thrown onto the EM too, but they weren't. I own no shares of either, btw. Ss
Dr Gator
3 년 전
I would say OTCM said sorry but you RBSY are NOT a company anymore, No sales for years, no assets, no MM backing, ect, NOTHING at all. So you can not buy or sell shares that is backed by NOTHING, not even thin air of Hope.
Good luck elsewhere SS.