I recently wrote that I was seeing a fair amount of deliquencies in OTB BB companies.
Four of the companies we track have now been moved to the Pink Sheets due to deliquencies in filings before the SEC. Pacific Fuel Cell (PFCE.PK) went to the Pink Sheets on 12/19, Intrepid Technology (ITRP.PK) a biogas company, Earth Biofuels (EBOF.PK) a biodiesel company, and Essential Innovations (ESIV.PK) a geothermal heating company all were moved to the Pink Sheets on 12/24/08.
Companies moving from the OTC BB (we now track 39) to the Pink Sheets (we now track 27) are generally exhibiting declining value. Our average OTC BB company has a market cap of USD 24 million where the average Pink Sheet company has a market cap of USD 4 million. Buyer beware.