Posted On: 04/02/2014 10:51:45 PM
Post# of 56324
OT for fitx. With the new roll out for otcqb stocks starting May 1st.
"""On May 1 for its OTCQB market, OTC Markets will introduce a new minimum one-cent bid price requirement and will require the company's chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct.
The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said."""
With this exchange no longer dealing in tenth of penny's will company on it have to RS to stay trading ect. Thoughts please.
"""On May 1 for its OTCQB market, OTC Markets will introduce a new minimum one-cent bid price requirement and will require the company's chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct.
The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said."""
With this exchange no longer dealing in tenth of penny's will company on it have to RS to stay trading ect. Thoughts please.
(0)
(0)
