From the OTC Markets dated August 12, 2015
Dear Paul (CEO of MexusGoldUS),
Congratulations on qualifying for OTCQB and welcome to America’s Venture Market!
We are pleased to announce the OTCQB venture market is home to nearly 1,000 U.S. and international companies that have uniformly met the new standards and eligibility requirements that were implemented over the last year. More than 2,000 companies were removed from OTCQB for failing to meet the OTCQB standards. Those riskier companies were downgraded to OTC Pink because they were unwilling to meet the new standards, were in financial distress or failed the bid test.
Our new OTCQB standards were introduced to efficiently provide a public venture market for dynamic companies to mature and expand their businesses. OTCQB is the leading solution for public companies that do not meet the high financial standards of our best market, OTCQX, or are not at the stage of development to support the complexity and cost of a NYSE or NASDAQ listing.
OTCQB provides companies a baseline transparency, trading and trust, and the services necessary to inform and engage their investors and create an efficient public market. OTCQB also offers the benefits of being publicly traded on a regulated market at less than a quarter of the cost of a national stock exchange listing. As America’s Venture Market, it is also a platform that fosters growth and helps turn developing companies into global leaders.
Today, we are the global leader in graduating companies to a senior exchange, advancing 83 companies in 2014 compared to 22 from the TSX Venture Exchange and 5 from the London Stock Exchange’s AIM market.
SEP
2015