MyECheck, Inc. (fka MYEC)

[PennyStalker]

MYEC's OTCQB status update:

MYEC needed to have a minimum bid of $0.01
Result: MYEC failed

MYEC needed to file all SEC reports within the standard timelines
Result: MYEC failed

MYEC was supposed to update the OTC markets company profile at least once every 6 months. This was last done on October 15, 2015.
Result: MYEC failed

MYEC was supposed to file an Annual OTCQB Certification no later than 30 days after the annual report was due
Result: MYEC failed

Great stuff Ed and team!!

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Company’s Ongoing Disclosure Obligations

1) Financial Reporting Requirements

a. SEC Reporting Companies. If the Company is an SEC Reporting Company and is not a bank, the Company must file, on an ongoing basis, all annual, quarterly and other interim reports required to be filed on EDGAR. Audited annual financial statements must be prepared in accordance with U.S. GAAP and contain an audit opinion that is not adverse, disclaimed, or qualified.

b. Regulation A Reporting Companies. If the Company is a Regulation A Reporting Company, the Company must file, on an ongoing basis, all annual, semi-annual and other interim reports required to be filed on EDGAR. Audited annual financial statements must be prepared in accordance with Regulation A.

c. Banks. If the Bank is SEC Reporting and required to file periodic reports on EDGAR, the Company must file, on an ongoing basis, all annual, quarterly and other interim reports required to be filed on EDGAR. All other Banks must post on an ongoing basis, through the OTC Disclosure & News Service, all annual, quarterly and interim reports required to be filed with the Company’s Banking Regulator.

d. International Companies. If the Company is SEC Reporting and required to file periodic reports on EDGAR, the Company must file, on an ongoing basis, all annual, quarterly and other interim reports required to be filed on EDGAR. If the Company is International Reporting, the Company must have posted, in English, through the OTC Disclosure & News Service, all information, with the exception of news releases, required to be made publicly available pursuant to Exchange Act Rule 12g3-2(b). Audited annual financial statements must be prepared in accordance with U.S. GAAP or IFRS and contain an audit opinion that is not adverse, disclaimed, or qualified. OTC Markets Group Inc. OTCQB Eligibility Standards (v 1.4 July 10, 2015) Page 5 of 11

e. Timeliness of Filings. SEC Reporting Companies and Regulation A Reporting Companies must file annual, semi-annual, quarterly and current reports on EDGAR in accordance with applicable SEC rules and regulations. Banks that are required to post their disclosure through the OTC Disclosure & News Service must post their annual bank regulatory filings no later than 90 days after the fiscal year end date and quarterly bank regulatory filings no later than 45 days after the fiscal quarter end. International Reporting Companies that are required to post their disclosure through the OTC Disclosure & News Service must post annual and quarterly financial reports as soon as possible after submission to their Primary Regulator, but in no case later than six months for the annual financial report or 60 days for quarterly financial reports.

f. i. ii. Notice of Inability to Timely Post Reports. If any Company that does not file its periodic disclosure through EDGAR fails to post, on a timely basis, any annual, semi-annual, quarterly or interim report within the timeframe specified in this Section 2.2, such Company must post through the OTC Disclosure & News Service, no later than one business day after the due date for such report, a notice containing the following requirements: The notice must be entitled “Notification of Late Filing;” and The notice must state the name of the Company, the type of report (Annual, Quarterly or Interim) that is or will be late, the reason why the report is or will be late, and the date that the Company expects to post the report.

2) Maintain Company Updated Profile. At least once every six months, submit a Company Update Form via www.otciq.com with the information needed to ensure the Company Profile is current and complete or verify the current Company Profile publicly displayed on www.otcmarkets.com to maintain the “Company Updated Profile” designation on the Company Profile page on www.otcmarkets.com.

3) Annual OTCQB Certification. The Company must post an Annual OTCQB Certification signed by either the CEO or CFO containing the statements required in Section 1.3(3) of these Standards. The Annual OTCQB Certification must be posted through the OTC Disclosure & News Service no later than 30 calendar days after the Company’s Annual Report due date.

4) Interim Event Disclosure.

a. Stock Promotion – In the event that OTC Markets Group determines, in its sole and absolute discretion, that the Company’s OTCQB securities become the subject of promotional activities that have the effect of encouraging trading, OTC Markets Group may require the Company to provide additional information to the marketplace regarding shareholdings of officers, directors and control persons, confirmation of shares outstanding, and any issuance of shares in the previous two years. The Company shall post such information through the OTC Disclosure & News Service. OTC Markets Group may also require submission of a Personal Information Form for any executive officer, director, or beneficial owner of 5% or more of a class of the Company’s securities.
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http://www.otcmarkets.com/content/doc/otcqb/standards.pdf