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Posted On: 12/06/2017 6:16:47 PM
Post# of 75359
For everyone out there that is concerned about the 30 days of under $0.01 that we will be kicked off the OTCQB I looked it up and it reads..
According to the OTCQB Standards, it states in
Section 4.1(1b) Bid price deficiency. Companies are granted a cure period of 90 calendar days for a failure to maintain the minimum bid price under section 2.3(2). In the event that the minimum closing bid price for the company's common stock falls below $0.01 per share for 30 consecutive days, a grace period of 90 calendar days to regain compliance shall begin, during which the minimum closing bid price for the company's common stock must be $0.01 or greater for 10 consecutive trading days.
Hope this puts you all at ease, I know it did for me.
According to the OTCQB Standards, it states in
Section 4.1(1b) Bid price deficiency. Companies are granted a cure period of 90 calendar days for a failure to maintain the minimum bid price under section 2.3(2). In the event that the minimum closing bid price for the company's common stock falls below $0.01 per share for 30 consecutive days, a grace period of 90 calendar days to regain compliance shall begin, during which the minimum closing bid price for the company's common stock must be $0.01 or greater for 10 consecutive trading days.
Hope this puts you all at ease, I know it did for me.
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