Listing Requirements of the Over the Counter Bulletin Board - OTCBB

The stated and un-stated listing requirements for the OTCBB are as follows:

• fully reporting with the Securities and Exchange Commission,
• not an inactive company,
• minimum of 40 stockholders of record holding at least 100 shares each (note: this number is informal and has been moving up),
• directors, officers, and stockholders will be scrutinized for previous involvements in other OTCBB companies
• must have a market maker submit 15c211 application to NASD and agree to act as market maker for securities of company.

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