Tuesday, August 31, 2010

Rawnoc disputes naysayer's confused claim that JBII is a "stinky pinky"


Pink OTC Markets and Pink Sheets are two mutually exclusive terms.

Pink OTC Markets is the name of the company which owns both the Pink Sheets and the completely separate OTCQX that JBII trades on.

Similarly, the New York Stock Exchange owns the AMEX. You can bold NYSE 1000 times, but any stock trading on the AMEX still trades on the AMEX and not the NYSE regardless of the fact that the NYSE owns it. Likewise, any stock on the OTCQX doesn't trade on the Pink Sheets regardless of the fact that Pink OTC Markets, the company, owns the OTCQX.

Pink OTC Markets, LLC is formerly Pink Sheets, LLC. Likely they changed the name to reflect the fact that they own multiple tiers now that have ZERO to do with the Pink Sheets. OTCQX and OTCQB aren't part of the Pink Sheets. There are no bid, assets, and financial and auditing requirements on the Pink Sheets which is the polar opposite of the OTCQX. To continue to claim otherwise is deceitful.

"JBI, Inc. (OTCQX: JBII), an American technology company, is now trading on the OTC market's highest tier, OTCQX®."

http://finance.yahoo.com/news/JBI-Inc-Joins-prnews-434401724.html?x=0&.v=1

I think the owners of the OTCQX know what tier JBII is "now trading on," and they say it's the "highest tier" regardless of your confusion.

Naysayer Quote:They are on the sub-tier, OTCQX U.S.

Dead wrong. There is no OTCQX premier "tier" -- there are different requirements for OTCQX premier, but it's still part of the same tier. Premier is an extra designation. Not a tier.

The SEC confirms that the OTCQX is not part of the Pink Sheets even if you are still confused that doesn't change reality.

Raw

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