A hold shares in an OTCBB stock. The company is filing for a listing on the NASDAQ. What will happen to my existing shares and will they be automatically transitioned to the NASDAQ?

Yes. Traders call this a jumper. Your shares will gain in value and they will automatically start trading on the NASDAQ.

If there is a change in the ticker symbol, the company will contact you about it by standard mail.

Also, don’t try this again. Take your profits in this stock and just walk away from the OTCBB exchange. While not as bad as the pink sheets, the OTCBB exchange is filled with fradulent companies who wouldn’t think twice about posting false PRs and scamming you out of your money. Investing in OTBCC stocks is a fools game. Over the long run, you will go broke like everyone else who has tried. I should know. I speak from personal trading experience.

Plus, think about this. The primary reason for investing in OTCBB was to get stocks cheap. Now that we are at a market bottom, many good companies listed on the major exchanges are at crazy OTCBB prices! Plus there’s a lot less risk because stocks on the major exchanges have stricter disclosure and reporting laws they must follow than stocks listed on the OTCBB. So what is the advantage to the OTCBB at this present time? None.

Technorati Tags: fools game, jumper, market bottom, nasdaq, otcbb, personal trading, pink sheets, stock, stocks, ticker symbol

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