2.3) Standards for Continued Eligibility To remai
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Posted On: 02/19/2019 10:37:49 AM
2.3) Standards for Continued Eligibility
To remain eligible for trading on the OTCQB market, the Company shall meet all the following conditions. A Company is required to notify OTC Markets Group immediately upon learning of an event or circumstance that causes noncompliance with these Standards for Continued Eligibility:
1) Current Disclosure. Maintain compliance with the Company’s ongoing disclosure obligations under Section 2.2 of these OTCQB Standards;
2) Bid Price. Maintain proprietary priced quotations published by a Market Maker in OTC Link with a minimum closing bid price of $0.01 per share on at least one of the prior thirty consecutive calendar days;
https://www.otcmarkets.com/files/otcqb_standards.pdf
All that need occur is for the closing bid of a market maker to be at .01 or greater on ONE day of the prior 30 consecutive days. The percentage of time the pps spends under a penny isn't the determiner, UNLESS it's 100%, AT CLOSE, in the prior consecutive 30 day period.
To remain eligible for trading on the OTCQB market, the Company shall meet all the following conditions. A Company is required to notify OTC Markets Group immediately upon learning of an event or circumstance that causes noncompliance with these Standards for Continued Eligibility:
1) Current Disclosure. Maintain compliance with the Company’s ongoing disclosure obligations under Section 2.2 of these OTCQB Standards;
2) Bid Price. Maintain proprietary priced quotations published by a Market Maker in OTC Link with a minimum closing bid price of $0.01 per share on at least one of the prior thirty consecutive calendar days;
https://www.otcmarkets.com/files/otcqb_standards.pdf
All that need occur is for the closing bid of a market maker to be at .01 or greater on ONE day of the prior 30 consecutive days. The percentage of time the pps spends under a penny isn't the determiner, UNLESS it's 100%, AT CLOSE, in the prior consecutive 30 day period.
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