Alkaline Water Company to File Form 211

Rhea-AI Summary

The Alkaline Water Company (OTC: WTER) announced plans to file Form 211 with FINRA through a market maker under SEC Rule 15c211. This filing aims to enable proprietary broker-dealer quotations and continuous market making, addressing current limitations of unsolicited quotes that cause wider spreads and increased volatility. The company, currently Pink Sheet Current, intends to uplist to OTCQB after completing the Form 211 filing. The OTCQB tier offers stricter standards and greater financial transparency compared to Pink Sheets, positioning it as a middle-tier market for developing companies.

Positive

• Planning to enable continuous market making and proprietary broker-dealer quotations
• Strategic move to uplist from Pink Sheets to OTCQB
• Potential for improved trading liquidity and volume

Negative

• Currently to unsolicited quotes causing wider spreads and volatility
• Trading limitations affecting investor ability to efficiently buy or sell stock

SCOTTSDALE, Ariz., Oct. 25, 2024 /PRNewswire/ -- The Alkaline Water Company, Inc. (OTC: WTER), a leader in the beverage industry known for its purified alkaline water, enhanced with Himalayan rock salt, will be filing its Form 211 application with FINRA with an appropriate market maker (who will make in initial review under SEC Rule 15c211) to become eligible for proprietary broker-dealer quotations, publish competing quotes, and more importantly, provide continuous market making.

At the current time, the Company is Pink Sheet Current, but all quotes solely reflect unsolicited customer orders. Being limited solely to unsolicited quotes causes a higher risk of wider spreads, increased volatility, and price dislocations making it more difficult for market investors to efficiently buy or sell common stock in the OTC Market.

Mr. David Guarino (President), states…"The Company worked very hard to become a current Pink Sheet listed issuer.  We are now taking the next step to allow the Company's market makers to publish proprietary quotes and continuous market making.  This will allow market investors to have greater liquidity as well as increased volume opportunities.  Upon completion of the filing of the Form 211, the Company plans to start the process of uplisting to the OCTQB with OTC Markets, Inc.

The OTCBB is a quotation service that also lists over-the-counter securities. While the "Pink Sheets" are a privately held company, the OTCQB service is provided by FINRA. The other difference between the Pink Sheets and OTCBB is that there are stricter standards for OTCBB including more financial statement transparency to market investors. Again, the OTCQB, also called "The Venture Market," is the middle tier of the over the counter (OTC) market for U.S. stocks. It was created in 2010 and consists mainly of early-stage and developing U.S. and international companies that are not yet able to qualify for the OTCQX but are not as speculative as the lowest-tier Pink Sheets.

Disclaimer Regarding Forward Looking Statements 

Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.  In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties, and assumptions.  Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.  We caution investors not to rely unduly on any forward-looking statements.

About The Alkaline Water Company, Inc.

The Alkaline Water Company, Inc., are the developers of Alkaline - a purified alkaline water, enhanced with Himalayan rock salt and engineered for a smooth and delicious taste.

View original content:https://www.prnewswire.com/news-releases/alkaline-water-company-to-file-form-211-302286846.html

SOURCE The Alkaline Water Company, Inc.

FAQ

What is The Alkaline Water Company (WTER) Form 211 filing for?

The Form 211 filing will enable proprietary broker-dealer quotations and continuous market making, improving trading liquidity and reducing price volatility.

What is WTER's current trading status and planned uplisting?

WTER is currently Pink Sheet Current and plans to uplist to OTCQB after completing the Form 211 filing process.

How will the Form 211 filing benefit WTER investors?

It will provide greater liquidity, increased trading volume opportunities, and reduce trading spreads and price volatility for investors.