Posted On: 04/22/2014 3:55:00 PM
Post# of 45510
That's why I'm thinking, judging from the content of the email reply and from this notice from OTCMarkets:
Bid Test: All current OTCQB companies that
do not meet the minimum bid test (minimum
bid price of $0.01 per share as of the close of
business for at least one of the previous thirty
consecutive calendar days) will be removed
from OTCQB beginning May 1 .
It's worded a bit awkwardly, but it looks to me that on May 1, they look back to see when a play hit .01 last. If it's over 30 days...... BOOTED! Then on May 2, they count back 30 days...... and on May 3....... and so on.
Bid Test: All current OTCQB companies that
do not meet the minimum bid test (minimum
bid price of $0.01 per share as of the close of
business for at least one of the previous thirty
consecutive calendar days) will be removed
from OTCQB beginning May 1 .
It's worded a bit awkwardly, but it looks to me that on May 1, they look back to see when a play hit .01 last. If it's over 30 days...... BOOTED! Then on May 2, they count back 30 days...... and on May 3....... and so on.
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