...I'd like to start off by saying that there are OTC Markets-listed securities that are not considered MicroCap stocks. In fact, because the OTC Markets lists securities above $300 million in market capitalization speaks volumes as to how far we've come.
Not meaning to date myself, but when I was a young stockbroker on Wall Street, all we had were sheets with company names and the previous days' closing stock prices to go by. If the messenger got lost, sick or his bicycle got stolen, the sheets didn't arrive. These sheets were pink colored, aptly named, Pink Sheets. Each firm got one copy every day and treated it like it was gold. After I earned my stripes around a year after I started, I was allowed to have my own week-old pink sheets, which were virtually good for nothing, except by having them, it made me looked up to by rookies. "Wow he has his own pink sheets," they'd say.
Today we take so much for granted - the days of the acutal paper Pink Sheets are long gone. Due diligence, a major part of transparent reporting, is modernized and available online in one place for easy access. Market making was truly the Wild West, and the difference between bid and ask, aka the inside market, was so wide, you could drive a truck through it.
In my opinion, OTC Markets is responsible for revolutionizing the Over-the-Counter Stock Market - where most emerging growth companies and MicroCap Stocks are listed. Their growth coincides with the growth of this sector because there will always be huge interest from investors for greater transparency, liquidity and accessibility to MicroCap stocks.
For more information about the OTC Markets: www.OTCMarkets.com
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