SmartMetric Inc (SMME)

[optimisticbutpatient]

Apparently SMME was OTC:QB previously

I just received a reply for the query that I raised to OTC Markets Group. Saskia, the author of the original PR is out of the office but another staffer replied.

SMME was OTC:QB previously but changes in May 2014 mean that companies needed to meet new qualifications and apply to remain on the OTC:QB board. Details of the requirements are here. In summary the requirements are:

Meet a minimum bid price test of $0.01. Securities that do not meet the minimum bid price test will be downgraded to OTC Pink
Submit an application to OTCQB and pay an application and annual fee
Submit an OTCQB Annual Certification confirming the Company Profile displayed on www.otcmarkets.com is current and complete and providing additional information on officers, directors, and controlling shareholders

Basically we are the same as we were last week, last month and all the way back to January and beyond. It seems that the PR from Saskia is nothing more than a system generated PR when a company renews its application.

One happy thing though is that someone out there has managed to answer a shareholder query, well done OTC Markets Group. It's a shame no-one from SMME can manage to do the same.

OBP.