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Re: Pagan post# 151157

Thursday, 04/24/2014 2:29:56 PM

Thursday, April 24, 2014 2:29:56 PM

Post# of 157300
I have an answer (I think). They are an SEC reporting company, so, looking at that section of the new OTC markets fact sheet, they would have to go through "intial requirements":

SEC Reporting Companies

Initial Requirements
• Meet an initial bid price test of $0.01 as of the close of business for each of the previous 30 calendar days
• Complete and submit OTCQB Application and applicable fees
• Be current in all periodic reporting requirements on EDGAR (or for companies not required to file on EDGAR, post
SEC disclosure on the OTC Markets website)
• Post on the OTC Markets website:
4OTCQB Initial Certification (see below for details on Certification requirements)

Ongoing Requirements
• Meet an ongoing minimum bid price test of $0.01 as of the close of business for at least one of every 30 calendar days
• Post current SEC disclosure on EDGAR, or for companies that do not file on EDGAR, post current SEC disclosure on
the OTC Markets website
• Post on the OTC Markets website:
4OTCQB Annual Certification

http://www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf


So, they would have to submit a "new" application, basically.

JMHO
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