Posted On: 04/28/2014 11:54:43 PM
Post# of 11899
Rapid Fire Marketing Announces Update on OTCQB Status
Quote:
Rapid Fire Marketing (OTCQB: RFMK) announced an update for shareholders regarding the Company’s strategy regarding the one penny bid price rule. In a news release through Reuters on 26 March, 2014, OTC Markets announced that a new one penny requirement to remain on the OTCQB. The Company has carefully considered its options and has decided to proceed as follows:
The Company will continue to work through SEC comments on the latest Form 10 amendment and will work to complete this process. Once all the SEC’s comments have been satisfied, the Company has a sponsoring Market Maker who will file a 15c211 to begin trading on the OTCBB.
“We have opted to move to the OTCBB once the comments by the SEC on our Form 10 have all been answered. If we are required to move to the Pinksheets again, at least we will be a fully reporting with the SEC Pink company. In the meantime, we will continue to have audits done and file all appropriate reports and filings with the SEC in preparation for a move to the OTCBB,” said Tom Allinder, CEO of Rapid Fire Marketing.
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