SUMMIT
Most sub $2.00 microcaps trade on either the FINRA OTCBB or the OTC Markets. You can listen to my interview with OTC Markets (OTCM) CEO, Cromwell Coulson [HERE]. Earlier this month FINRA announced that they have scrapped a deal to sell the OTCBB to Rodman & Renshaw (now Direct Markets), most likely due to Direct Markets exiting the brokerage business. So it looks like FINRA will continue to operate the OTCBB, although in another year there might not be many issuers left. Over the last 12 months there has been a mass exodus of companies from the FINRA OTCBB to the OTC Markets. The reason for this is simple, the OTCBB is the past, and the OTC Markets is the future which you can hear for yourself during the interview. Nothing illustrates the FINRA OTCBB exodus better then the statistics below:
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