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Posted On: 08/01/2017 12:49:34 PM
Post# of 41414
And here is the regulatory standards for the OTCQB:
OTCQB Standards
Most important to us: "3) Bid Price of $0.01. Have proprietary priced quotations published by a Market Maker in OTC
Link ATS with a closing bid price of at least $0.01 a) for each of the 30 calendar days
immediately preceding the Company’s application for OTCQB and b) as of the date OTC
Markets Group approves its application to join the OTCQB "
Based on how I am reading his quote they will implement the split and name change when they obtain the approval to move to OTCQB. They won't get that approval until we are at a .01 for at least 30 days.
OTCQB Standards
Most important to us: "3) Bid Price of $0.01. Have proprietary priced quotations published by a Market Maker in OTC
Link ATS with a closing bid price of at least $0.01 a) for each of the 30 calendar days
immediately preceding the Company’s application for OTCQB and b) as of the date OTC
Markets Group approves its application to join the OTCQB "
Based on how I am reading his quote they will implement the split and name change when they obtain the approval to move to OTCQB. They won't get that approval until we are at a .01 for at least 30 days.
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