Copied from yet another company's official PR E
Post# of 82672
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Posted On: 07/23/2018 2:15:48 PM
Copied from yet another company's official PR
EW YORK, NY, July 09, 2018 (GLOBE NEWSWIRE) -- S, Inc. (OTC PINK: XXXX) (OTC PINK: XXXXD) ( T. or the Company ), engaged in building its business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities and equity investments, has today announced that OTC MARKETS GROUP ( OTC MARKETS ) has approved its petition to expedite the up-listing of its shares to the OTCQB Exchange ( OTCQB ). The Company s shares currently trade on the OTC Pink Sheets - Current Info Tier (the Company had previously been de-listed from the OTCQB on July 31, 2015). The Company petitioned OTC MARKETS, this past week, based upon the circumstances relating to the above-referenced July 31, 2015 de-listing.
Under normal OTCQB up-list procedural rules, shares of T. would have to report a closing price for 30 consecutive trading days of $0.01 ( One Penny ) per share or higher. OTC MARKETS has agreed to reduce this 30-day period to a period of 15 trading days. Therefore, as long as T. maintains a minimum price per share ( closing price ) of $0.01, commencing on Monday July 9, 2018 through July 27, 2018 ( 15-day period ), shares of XXXX will be up-listed to OTCQB Exchange at open of trading on Monday July 30, 2018. The Company s shares will continue to trade under the ticker symbol XXXXD until open of trading on Monday August 5, 2018.
Separate from the above mentioned 15-day period, the Company will have to meet two additional qualification requirements: the trading float must comprise at least 10% of the shares issued and outstanding & there must be at least 50 beneficial owners. The Company is pleased to report that it does meet the standards as required by those two additional qualification requirements.
I would assume the 15 day period was because they were on the OTCQB before. I looks like a 30 day period for SFOR.
EW YORK, NY, July 09, 2018 (GLOBE NEWSWIRE) -- S, Inc. (OTC PINK: XXXX) (OTC PINK: XXXXD) ( T. or the Company ), engaged in building its business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities and equity investments, has today announced that OTC MARKETS GROUP ( OTC MARKETS ) has approved its petition to expedite the up-listing of its shares to the OTCQB Exchange ( OTCQB ). The Company s shares currently trade on the OTC Pink Sheets - Current Info Tier (the Company had previously been de-listed from the OTCQB on July 31, 2015). The Company petitioned OTC MARKETS, this past week, based upon the circumstances relating to the above-referenced July 31, 2015 de-listing.
Under normal OTCQB up-list procedural rules, shares of T. would have to report a closing price for 30 consecutive trading days of $0.01 ( One Penny ) per share or higher. OTC MARKETS has agreed to reduce this 30-day period to a period of 15 trading days. Therefore, as long as T. maintains a minimum price per share ( closing price ) of $0.01, commencing on Monday July 9, 2018 through July 27, 2018 ( 15-day period ), shares of XXXX will be up-listed to OTCQB Exchange at open of trading on Monday July 30, 2018. The Company s shares will continue to trade under the ticker symbol XXXXD until open of trading on Monday August 5, 2018.
Separate from the above mentioned 15-day period, the Company will have to meet two additional qualification requirements: the trading float must comprise at least 10% of the shares issued and outstanding & there must be at least 50 beneficial owners. The Company is pleased to report that it does meet the standards as required by those two additional qualification requirements.
I would assume the 15 day period was because they were on the OTCQB before. I looks like a 30 day period for SFOR.
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