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Re: Navyvet004 post# 42130

Wednesday, 07/23/2014 11:51:20 PM

Wednesday, July 23, 2014 11:51:20 PM

Post# of 90384

"I believe the new requirements [to remain tradeable in the OTCQB market] are to maintain a daily price of .01?"

Actually, the requirement is not quite that stringent:

"All current OTCQB companies that do not meet the minimum bid test (minimum bid price of $0.01 per share as of the close of business for at least one of the previous thirty consecutive calendar days) will be removed from OTCQB beginning May 1."

(Reference: http://www.otcmarkets.com/learn/otcqb)

(Also see: http://www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf)