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Posted On: 10/23/2019 9:25:59 AM
Post# of 35756
$SGMD huge news out! Gapping >>
Sugarmade Achieves “Penny Stock Exempt” Status Removing Penny Stock Broker Limitations
https://www.otcmarkets.com/stock/SGMD/news/Su...?id=243974
Specifically, according to OTCmarkets.com, Penny Stock Exempt status means that SGMD stock is now exempt from the limitations that accompany any security defined as a “Penny Stock” according to the SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years.
Sugarmade Achieves “Penny Stock Exempt” Status Removing Penny Stock Broker Limitations
https://www.otcmarkets.com/stock/SGMD/news/Su...?id=243974
Specifically, according to OTCmarkets.com, Penny Stock Exempt status means that SGMD stock is now exempt from the limitations that accompany any security defined as a “Penny Stock” according to the SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years.
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