Spicy Pickle Franchising, Inc. Comments on Change of Venue for Its Stock Quote
'The move from the OTCBB to the OTCQB was independent of Spicy Pickle's business.'
Spicy Pickle Franchising, Inc.'s (OTCQB: SPKL) Chief Financial Officer, Clint Woodruff, commented today on the company's stock quote being moved to the OTCQB from the OTCBB.
"The move from the OTCBB to the OTCQB was independent of Spicy Pickle's business. As background, the OTCQB was launched in April of last year as a direct competitor to the OTCBB and offers a comprehensive OTC market tier specifically to identify stocks of U.S. registered and reporting companies that are current on their reporting to the SEC (or applicable regulator). Since April, a large number of companies have been migrating from the OTCBB to the OTCQB and much of this is due, as we understand, to the concentrated movement by brokerages as a result of the higher costs associated with the OTCBB. As such, Spicy Pickle's move to the OTCQB is not a reflection on the company or its actions or inactions. The move is as a result of the apparent preferences of market makers who in their dealings with many companies are simply choosing to utilize the new OTCQB over the OTCBB.
"Spicy Pickle is a registered and reporting publicly traded company with the same symbol SPKL but now on the OTCQB. Any of our shareholders interested in more information on the new OTCQB and the apparent trends toward it as opposed to the OTCBB, can access the two links directly below and are encouraged to research further the numerous articles and information on the subject. As such, we caution that the links to articles provided below are not the only articles available, and we are not attempting to give a complete library related to this subject," Mr. Woodruff added.
"Finally, anyone who would like to continue to stay abreast of our stock price can visit our website at www.spicypickle.com and navigate to "Our Story" -- "Investor Relations" to receive current day quotes or visit www.otcmarkets.com and get the quote and history directly from the OTCQB," he concluded.
Logos, product and company names mentioned are the property of their respective owners.
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