Apparently, OTC Markets Group has three tiers, OTCQX, OTCQB, and...

Apparently, OTC Markets Group has three tiers, OTCQX, OTCQB, and OTC Pink. Companies seeking to be quoted on the highest tier, the OTCQX, must be sponsored by an approved investment bank or law firm, and must undergo a qualitative review.

WUC in its February 16 announcement stated that a U.S. law firm had been engaged to sponsor WUC in an application for the OTCQX. However, WUC announced this week that its shares are now quoted on the OTC Pink marketplace.

The OTC Pink and OTCQB are lower tiers. As has been noted on this forum, OTC Pink has no financial standards or reporting requirements (to the OTC Markets Group). It is further divided into three levels based on the timeliness and scope of disclosures made to investors. WUC appears to be in the highest level, "Current Information". Companies in this level must have regular quarterly and annual reports, but can still be shell companies, non-operating development stage companies, or companies without audited financials.

WUC has not disclosed whether an application for the OTCQX was ever submitted. In any event, the company is starting in the lower OTC Pink tier. Theoretically, this should increase the liquidity of WUC ("WSTRF") shares.