ITEMS TO CONSIDER WHEN BUDGETING IR
(We can help with all of these! See our Services.)
Must-Have Items for OTCQX & OTCBB
Quarterly News Releases and YE News Release. (Sent out via a major wire service if you are on the OTCBB or Pink Sheets LLC if you are on the OTCQX. On the OTCQX you also need to send out via an inexpensive service which will distribute on the Web, such as PRweb.)
IR Portion of Website
4 Quarterly Conference Calls
4 Webcasts of Conference Calls (Audio-only least expensive)
4 Transcripts of Conference Calls for Website.
Investor Conference Presentation (Min. of one good one per year)
Audit necessary for Bluesky.
S&P or Moody's Bluesky (required if on OTCQX and a must-have if on OTCBB).
Annual Report and Proxy Development and Printing.
Annual Report and Proxy Mailings, plus quarterly mailings.
Annual Shareholders Meeting
Periodic Reporting of News Important to Investors.
EDGAR or OTCQX Filing 4 Quarters Plus 1 Annual & other necessary SEC filings.
Note that misc. filings have become quite numerous since RegFD.
Designated Advisor for Disclosure (DAD) required if on OTCQX, or adequate professional help, necessary for Sarbanes-Oxley compliance if on OTCBB.
Must-Have Items for Pink Sheets' Emerging Equities Category (To be launched later. Some Adequate Current Info. companies should upgrade to this category.)
Annual Audit so as to be eligible for the Emerging Equities Category.
Annual Report filed at Pinksheets.com.
Quarterly Reports and Periodic Reporting of News Important to Investors filed at Pinksheets.com.
Attorney Letter regarding adequacy of disclosure with annual and quarterly financials.
Quarterly News Releases and YE News Release distributed and news important to investors submitted via Pinksheets news service.
In addition, submit releases via a service such as PR Newswire, BusinessWire or MarketWire to be seen as a good company and takes best advantage of your investment in periodic financial reports..
IR Portion of Website. Although this is not required in order to be in this category, it is relatively inexpensive and is a must-have to be seen as a good company.
S&P or Moody's Bluesky. This is not required in order to be in the category. However, if you are paying for an audit anyway, paying a little extra for Bluesky is well worth it.
Must-Have Items for Pink Sheets' Adequate Current Information Category (Pink Checkmark)
(Renewal August 1, 2007)
No audit required but must have Attorney Letter regarding adequacy of disclosure with annual and quarterly financials. *
Annual Report filed at Pinksheets.com. *
Quarterly Reports and Periodic Reports of News Important to Investors filed at Pinksheets.com. *
Quarterly News Releases and YE News Release distributed and news important to investors submitted via Pinksheets news service.
In addition, submit releases via a service such as PR Newswire, BusinessWire or MarketWire. At the very least choose a less expensive service such as PRweb.com or Eworldwire.com. You want to be seen as a good company and takes best advantage of your investment in periodic financial reports..
IR Portion of Website. This is not required in order to be in the category. However it is a must-have to be seen as a good company. You can simply provide links to your financial information posted at Pinksheets.com and take good advantage of your investment in financial reporting.
* If you are filing with the SEC's EDGAR, or if you are filing with a non-US exchange and make your filing info. available in English at Pinksheets.com, or if you are a bank performing the necessary banking filings and posting that information at Pinksheets.com, this should be adequate per information we have as of Fall '06.
How to Stay OFF the Pink Sheets' Rock-Bottom Categories: "Limited Information" (Yield Sign), "No Information" (Stop Sign), and "Public Information Concern" (Skull & Crossbones)
(Renewal August 1, 2007)
As of May 1, 2006 all Pink Sheet companies not in the OTCQX were automatically assigned a category based on the amount of disclosure they had been filing via Pink Sheets LLC.
Companies have until August 1 to fulfill any additional requirements, such as an Attorney Letter, needed in order to maintain or upgrade their status.
Apply to the the OTCQX if you qualify; OR
Consider an audit, if you can afford it, so as to upgrade later to the Emerging Equities Category; AND
Make sure that you have filed your Attorney Letter, Annual Report, Quarterly Reports (and any other necessary financial news) at Pinksheets.com.
This will get you onto the Adequate Current Information Category (no application necessary); AND
If you have some information posted at Pinksheets.com, enough to be on only the Limited Information Category get a grip!
Produce up-to-date financials and supply an Attorney Letter. Your costs will not increase much and you might as well take full advantage of the ability to post at Pinksheets.com!