Do pink sheets stocks ever become traded on the major exchanges?

Question

I am investing in Canadian mining stocks through the pink sheets rather than buying the stocks on the Canadian exchange due for convience purposes. (I live overseas and don't have much time to spend on the phone with a broker) What happens if the Canadian company applies for the AMEX or NASDAQ exchange and gets it? Is the pink sheet stock automatically upgraded to the AMEX or NASDAQ or NYSE exchange or is a completely new security created for the new exchange?

Answer 1

Anything on the "pinks" lacks all but the thinest sponsorship. The market maker is the exchange. If that stock applies for trading on the NASDAQ or a registered exchange and gets it, then it immediately falls off the pink sheets and becomes listed on that exchange.

Answer 2

It happens sometimes. When a company meets the listing requirements (revenues, earnings, and number of shareholders) they may apply to one of the exchanges. The ticker symbol changes, but the shares are same shares, just trading on a different market. For a short period of time, the stock may continue to be quoted (by a market maker) in the pink sheets, but normally most of the volume goes to the exchange.

Answer 3

If their numbers allow it